After breakfast, Li Chao took out his wallet, took out a 100-money treasure banknote from a wallet made of cowhide and put it on the table. Two bowls of rice noodles were only twelve cents, but Li Chao directly gave 100 cents.

The woman wiped her hands in her apron a few times, took the money and took a few glances.

Baochao has actually been circulated in Lingnan, and Qinzhou Port is even widely circulated. Because Baochao is easy to carry, merchants love to use Baochao. Especially the Baochao of Liji Money House, which is even easier to use than the gold coupons of the imperial court. This colorful paper banknote has extremely high anti-counterfeiting technology, and you can tell the authenticity at a glance. Most people can't imitate it even if they want to.

The little girl came over with a bamboo tube, which contained copper coins.

Li Chao smiled and said, "Don't look for it anymore. Your rice noodles taste really good. The more you are giving you a reward."

The woman had long heard that the King of Yue was kind and approachable and generous. But after all, it was the first time she received the King of Yue. She refused after hearing this, and finally bowed and thanked her.

Seeing the woman happily putting the treasure money into her arms, Chengqian said in surprise, "How are they willing to accept the paper money?"

"The most important thing about money is credit, and as long as there is credit, it can be circulated. As long as there is credit, it will be circulated, then there is no difference in essence whether it is money, copper coins, or paper money."

Li Chao explained to Chengqian that the reason why the Tang Dynasty could circulate treasure banknotes is because of credit. The treasure banknotes issued by Li Ji can be exchanged into copper coins at any time, and can also be used to pay taxes to the court. Since they can be circulated and used unimpededly, the people are certainly willing to use treasure banknotes. After all, treasure banknotes are easy to carry, even if they are changeable.

The same is true for the people of Lingnan.

The vendors at the breakfast stalls in Qinzhou sell breakfast. After the guests finished eating, some used copper coins to pay the bills. The proportion of payments was even greater. The vendors collected the money, whether it was used to pay the stall fees, sanitation fees, taxes, or even to buy large grains and beef.

A good credit system makes banknotes money nowadays.

In this case, the Qinzhou Liji Money Bank Branch absorbs a large amount of gold, silver and copper coins every day. These original metal currencies continue to flow in and are then exchanged for paper money.

The precious metals of gold, silver and copper collected by Li Ji will be melted and sold and decomposed, and then sent to Li Ji's mint to mint into gold, silver and copper coins. This alone made a lot of money after replacing it. On the other hand, the circulation of paper money in Lingnan also greatly enhanced the prosperity of Lingnan's trade.

The circulation of paper money represents a sufficient amount of money, which greatly facilitates commercial transactions. Especially paper money is light and portable, and it is even more convenient for transactions.

"Everyone in the world uses paper as money to trade, it's amazing to think about it." Cheng Qian said.

Li Chao stood up with a smile and walked along the street with Cheng Qian. "Don't underestimate this paper. Paper can become money because it is supported by a sufficient credit system. This credit has sufficient storage preparation for metal currency."

"Teacher, when I was in Beijing, I heard that the circulation of paper money has made business prosperous, and even the tax revenue of the imperial court has greatly increased. In addition, it is said that after using paper money, the circulation of fake money has been greatly reduced."

"Paper money is circulated in large quantities, and metal coins are stored in banks and treasuries of the court, reducing circulation. Most people have already accepted paper money rather than coins, so the risk of making counterfeit money is still high, but the benefits are reduced, so fewer people make counterfeit money."

When I used copper coins in the past, there were still many fake copper coins. If the ratio of copper lead and tin was changed a little, you could make a lot of profits. After all, the color of copper coins was a little different, but it was generally not easy to see.

But paper money is not good. Although paper money itself is not worth a piece of paper, the printing technology is very advanced and can be imitated. In other words, except for Li Ji, who has engraving money plates and printing technology, others do not have this technology at all.

On the other hand, it is difficult to cast fake coins now. The current gold, silver and copper coins are more advanced than the previous hole square coins. There is no hole in the middle, relief on both sides, and tooth patterns around it, making it extremely difficult to imitate. Most people cannot cast them, but this is not the hole square coins in the past, and there are basically no technical restrictions.

"But there are still illegal people who use fake money. However, the fake money they use is amazing. Some people just write and draw on a piece of paper and dare to act as money. Most of these idiots are caught as soon as they take action, but some people actually take such fake money, which is amazing."

The imperial court cracked down on counterfeit money and forged money. Once it was discovered, it was severely punished, at least for more than twenty years of labor reform. Even if it was used for counterfeit money, it would be severely punished.

The court will never tolerate this issue. Li Ji Money House even has a special anti-counterfeiting team, chasing these people everywhere, and once discovered, they will immediately inform the court.

"Prince, I'll test you. Do you think that banknotes are in circulating in Lingnan, in addition to convenience, have any deep meaning?"

"Deep meaning?" Cheng Qian was surprised.

"Teacher, does this have any other meaning?"

Li Chao shook his head with a smile, of course it had a deep meaning. For a country or region, currency is an extremely important link in its economic system. To put it simply, even if Lingnan only circulates metal coins from the court, it means that they were levied a heavy minting tax.

Just like the copper coins minted by the imperial court are actually not pure copper, and only 90% of copper is included. The same is true for gold and silver coins. Ninety percent of the purity means that the profit of coins is very high. If the coins are issued in Lingnan, it is equivalent to a minting tax.

What is circulating now is the banknotes issued by Li Ji and the imperial court, which is even more amazing.

The merchants and the people in Lingnan all held paper money in their hands, and a large amount of gold, silver and copper flowed into Li Ji and the court, which actually meant that the entire Lingnan economy was kidnapped by the court.

The imperial court had countless means to destroy the economy of Lingnan.

"Is that amazing?"

"Of course, people's livelihood and economy, this is very important."

“It feels so complicated.”

"Actually, it's not complicated. As long as you learn and understand this system, you will feel that everything is clear and clear."

······

As soon as he returned to the middle city, Feng Ang came to pay a visit.

Now Feng Ang, the governor of Gaozhou, has been stranded in Qinzhou.

Feng Ang, his uncle and his three sons, important figures who originally served as governors of various states, except for Feng Zhidai who came to Beijing, Feng Xuan was also sent to the capital, and the rest were all here.

Li Chao appointed Feng Ang as the governor of Gaozhou, but he had no intention of letting him go back. In the name of Feng Ang assisting him, they kept keeping them.

Feng Ang also requested to return to Gaozhou to serve in office several times, but Li Chao just refused.

The prince Chengqian, the governor of Lingnan, brought another 10,000 troops. Now these 10,000 soldiers have begun to enter several states such as Qinluo.

Even Gaozhou was stationed by Li Chao in three military prefectures and 3,000 people.

This was simply a sharp sword that suddenly pierced the Feng family's heart.

Feng Ang could no longer bear it. If this continues, it won’t take long, and the Feng family will completely lose control of Gaozhou.

In fact, Li Chao did not intend to let Feng Ang be the governor of Gaozhou again.

Li Chao's strategy was very simple. He first merged several adjacent states, which were originally controlled by the Feng family, into one, and then demoted the remaining states to counties and withdrew several provinces.

Then in the second step, Li Chao kept holding Feng Ang by his side and did not let him go back.

Now, Li Chao set up three military prefectures in Gaozhou and sent three thousand imperial prefectures to garrison. In the next step, Li Chao would appoint several county magistrates from Gaozhou.

After the reorganization of the counties in Gaozhou, the county magistrates were all prosecutors, which is temporary agency. Now Li Chao wants to appoint a formal county magistrate, but he is not from the original Feng family, but an official brought by Chengqian.

The governor of Gaozhou was still Feng Ang, but Feng Ang remained in Qinzhou and could not return. The county magistrates below would be replaced by officials sent by the court. Three thousand troops stationed in Gaozhou, and they took control of Feng Xian's two families in Gaozhou step by step.

In the next step, Li Chao will also transfer the families of the soldiers from the mansion to immigrate, recruit Li Liao to become naturalized, etc., and gradually divide and eliminate Feng Xian's influence.

Feng Ang, who was sitting in the front hall waiting for the summons, was in pain.

Recently, he was worried about whether he could eat well or not and his hair turned much white. Seeing Li Chao pushing the Feng family step by step, he was powerless to fight back.

He originally thought that Li Chao's appetite would not be that big. He thought that Li Chao would be satisfied after he seized the Qinheluo prefectures. But obviously, Li Chao's appetite was far more than that.

Li Chao's killer moves were cut and merged with Guangzhou counties.

He only learned this morning that Li Chao would set up three military prefectures in Gaozhou, send three thousand troops to Gaozhou, and even move their families to come.

Feng Ang sat in the front hall for a long time, but except for when he first came in, someone gave him a cup of tea, no one came over there. After drinking a cup of tea, no one continued it.

Thinking about his being called the King of Nanyue, but now he is in this situation, he can't help but feel sad from his heart.

After sitting for half an hour, someone finally came out.

"Your Highness the Crown Prince summoned the Governor Gao, please follow me."

Feng Ang got up and followed the man.

The prince summoned Feng Ang in the courtyard.

Feng Ang met with him on a weekday and was about to speak, but Li Chao next to him spoke first.

"Duke Geng, I just talked about the contributions of Duke Geng and His Highness to the Crown Prince, and they all admired Duke Geng. Duke Geng worked hard and made great contributions and was also prestigious in Lingnan. Especially during this period, Duke Geng made great efforts in the construction of Qinzhou Port. I used to serve as the governor of Qinzhou, but I am not suitable to serve as the position for a long time. Therefore, I just recommended Duke Geng to take over as the governor of Qinzhou, and your highness had agreed just now."

Feng Ang was stunned on the spot.

He took over as the governor of Qinzhou? What about Gaozhou?

"I thank Your Highness for your kindness. I recommend the governor of Gaozhou to the crown prince to take over the election, and my uncle takes over."

Li Chao smiled, "Duke Geng and the candidate for the governor of Gaozhou have been agreed and will be replaced by the governor of Longzhou Chen Longshu."

Chen Longshu took over as the governor of Gaozhou, and Feng Anru was struck by lightning. Chen Longshu, the Feng family is dead, and Chen Longshu's father was beheaded by him.

"Your Highness!" Feng Ang looked up at Prince Chengqian.
Chapter completed!