Bab 32: 32

The road is wide and filled with trees. The shops are tidy, and many people walk in a hurry. And by observing their dress, although it looked a little different from most of the people in the Yanhuang Continent.

But Cao Ang had to admit that the clothes people were wearing were much better than his clothes. Causing Cao Ang to want to go to a clothing store to find an outfit to change to harmonize the atmosphere of this city

Both buildings are three stories high, and the architecture is just a square without any patterns. Instead, Cao Ang felt that these buildings were better and more modern than those they lived in.

Cao Ang suddenly felt that he came from a backward country, like a country home in the city.

"Incredible. Shenzhou is so prosperous. Why didn't anyone know this before? If I had known that this place would prosper like this, I would have moved away from Dongzhou City to live here."

Cao Ang came up with moving from his hometown of Dongzhou to the city of Shenzhou. Because he had a premonition that this place will become the center of prosperity for the country in the future, he must come and buy the land before it becomes more expensive.

Despite how wide the road is, many horse carriages on the road are noticeably congested. The carriage slowly moved until Cao Ang was almost faint.

"Xiao Zi, is this traffic jam at Shenzhou?" Cao Ang asked.

"When I came last time, the carriages weren't as many as before. I think it's because many merchants want the product. Thus making most people come here. "

Xiao Zi replied.

The chariot was moving slowly through several intersections in the city. Before being released from a traffic jam

After the carriage enters the commercial area, many shops sell products on both sides of the road, and it is clean and elegant that Cao Ang is very impressed with this shopping district. Cao Ang Patrol shopping with peace of mind. But that problem arose when he made the payment.

"We no longer accept silver coin payments," said one merchant.

"Eh! Why is this a coin that can be traded across the great continent?" Cao Ang was slightly upset that the other party refused to pay for the goods from him. The seven major sects established the currency of the great continent. Silver is the only currency that people across the continent used to exchange goods with the highest reliability.

"This is the monetary policy of the Cabinet. You just entered the city. So you still didn't know this news," the merchant explained, then picked up the banknote and showed it.

"Is this a new currency?" Said Cao Ang, distrustful of the paper in front of him. But when he picked up the banknote and touched it, he discovered that it was completely different from the paper used. The hard-to-explain texture is durable and is printed with the famous Da Zhou scenery. And when he flips to the other side, he saw someone Cao Ang looked down at the name engraved on the banknote, his hand suddenly trembled.

"This is a picture of an emperor," Cao Ang said in shock. Usually, the Emperor's image, even the general public, will never see them in their lifetime. But the image of the Emperor had already arrived in his hands.

If a commoner was given an emperor's form, they must have an altar and adequately keep it at home. But at this moment, he held the image of the Emperor in his hand, showing no respect for fear of being arrested by the soldiers. However, the emperor's power has weaker than before. But the royal power is still engraved in everyone's hearts; it is difficult to adapt.

The merchant who saw Cao Ang's unusual expression immediately spoke up.

"At first, I was like you. But the government says we don't have to worry. The Emperor of the Kingdom allows us to hold the banknote with the image of him.

"Then I am a little relieved." Cao Ang wiped away the sweat that flowed like a river

"If you haven't exchanged money yet, go to Tian Huang Bank, where you can exchange coins for banknotes," said the merchant.

Cao Ang heard this and returned the bills. He then walked to the nearby Tian Huang Bank to exchange his money for banknotes.

In the bank, many people are waiting for the exchange of banknotes.

Must go back to the last time, The Cabinet proposed to reform the currency by allowing the publication of banknotes to take place. Which the printing technology possessed by the Ministry of Industry is not a problem in printing banknotes.

The currency system in use in the Yanhuang Continent was a silver coin based on silver ore. It is the Silver Standard in which silver only depreciates every day, and the Great Da Zhou Empire required a large amount of silver in the electric industry.

Including copper, which is essential in many industrial processes. When the government needs to collect large amounts of precious ore, banknotes are imperative to replace these minerals.

The cabinet prepares to adopt the Gold Standard system, with the currency's value based on the Dazhou Empire's gold reserves not to impair the money. This plan was already presented to the emperor.

But financial experts have come forward to oppose the plan. He argues that the empire does not need to follow much history. At one point, when the economy has grown considerably. The amount of gold is insufficient to print banknotes. Causing cash shortages to occur, And by that time, the Empire had to abolish the gold standard.

The gold standard system would also cost the empire a vast amount of resources to buy gold as a national reserve.

Therefore, the printing of imperial banknotes does not have to refer to any value. But the cabinet also voiced concerns about banknote inflation and credibility. This is the most critical problem that the government is concerned about.

On this issue, financial experts informed the Cabinet that the problem was straightforward to fix. The imperial currency is based on modern and technologically advanced goods. As long as people want these items

The imperial currency will always be in demand. Just the empire must have a technological advantage over other countries. And there must be a unique product that is difficult to imitate

In terms of technology, Zhao Lingxin and the Cabinet were confident that Dazhou would quickly gain an advantage over all countries. Just now, Dazhou's advancement is difficult for any country to keep up within a hundred years.

Therefore, the Cabinet approved a draft resolution on the financial reform policy. By requiring the establishment of a new currency called the yuan, To avoid confusion, the new and old currency exchange rates are set at the rate of 1 to 1.

1, 5, 10, 50, and 100 Yuan banknotes were published. The smaller currency after the yuan is called Mao. And use the coin instead of the original silver coin

The publishing of banknotes was set to be a function of the Treasury, and the Imperial Central Bank was established to govern monetary policy and regulate banks across the Empire.

At the same time, Sun Wanping, Minister of Economic and Trade, persuaded the nobles' families to join together to make a certain amount of money to establish Tian Huang Bank. Therefore, Tianhuang Bank is considered the first private bank of the Great Continent of Yan Huang.

The Sun family holds the most shares in Tian Huang Bank. Causing the Sun family to jump into the business of this financial sector

It took Cao Ang a long time to exchange this money. Not too many people, Cao Ang, came across some exciting services, such as opening a deposit account.

After realizing that opening an account is depositing money in the bank, they also receive interest. So Cao Ang did not hesitate to open a deposit account. But that was the start of this delay. Because the bank clerk asked him a question

"Are you a merchant from Dongzhou city ?"

"Yes, I am a merchant who travels thousands of kilometers. It was a very tiring and dangerous journey." Cao Ang tried to express his feelings to others.

"So for the safety of your life and property, the bank has life insurance if an accident happens to you," a bank employee puts an advertisement paper in front of Cao Ang.

"???" Cao felt that he had missed something.

"The bank still has insurance if the product is robbed during the trip. We are willing to compensate for all the damage incurred. If you apply for insurance with us today," the employee tried to persuade

"Is there such good service?" Cao Ang felt he was facing a new kind of sales that he couldn't resist. The service ahead is too good. Pay a little money, get excellent returns. The only condition that you are a civilian with imperial documents

The employee saw Cao Ang, a little hesitant. Therefore decided to use the trained selling skill.

"Please think carefully. Medical expenses in the capital are costly. Just take out insurance with us for less than 10 yuan per month. But you will receive treatment of up to 100 yuan. "

"Well, let me think about that." Cao Ang began to hesitate.

"If you apply with us now, you can get a special gift card from Tian Huang Bank."

Cao Ang suddenly felt that the other's words were reasonable. As if he hadn't decided to take out insurance now, he would regret it for the rest of his life, even though now he didn't know what the reward card was. Cao Ang decided

"So, I would like to have insurance."