Leaving Jeong Yak-yong and a group of North Korean students behind, Hong Jinglai once again summoned Lee Hee-joo, Lim Sang-wok and Park Joo-myeong to discuss the matter of reorganizing the currency system.

When it was mentioned that they would use the more than two million taels of cash currently held by the Hanyang court, as well as the red copper that would be continuously imported into Hanyang in the near future, to mint a unified new currency, the faces of the three business group bosses looked bright. Surprisingly, it was not that kind of resistance or dissatisfaction, but rather excitement.

What Hong Jinglai originally thought would be a very difficult start suddenly seemed to be smooth sailing!

At first, because North Korea's domestic currency was quite insufficient, barter transactions were common in many villages, that is, currency transactions occurred in towns. But even with such a small-scale currency usage, the currency was still insufficient. .

Therefore, major business groups are actually forced by the market to issue bills for exchange. There is no way. Money is always needed for transactions, but there is no money on the market. In this case, the only way to use banknotes with corresponding value guarantees is chant.

However, banknotes have a very bad characteristic, that is, they are not resistant to wear and tear. Especially the small-denomination bills of one, two, two, and five taels that are widely circulated in the market. Due to frequent use, the signature monogram on them will become tattered. The font pattern wears out very quickly, so it will have to be withdrawn and reissued soon.

This leads to a huge problem!

Each business group needs considerable reserves!

When each issue of redemption notes expires, there will be a terrifying tide of redemption. In order to protect the credibility of the business group itself, for hundreds of years, no business group has dared not to cash the ticket holder immediately on the spot. This is why As a result, at certain times of the year, each business group's stores in big towns must prepare huge amounts of cash to ensure that they can meet the due date of redemption.

Although the cash on the market can be gradually withdrawn by re-issuing a new period of small-amount bills, frequent preparation of cash is a very uneconomical "project" for each business group.

On the contrary, the large-denomination currencies that Hong Jinglai was not prepared to get involved in were one of the main concerns of various business groups. In a small country like North Korea, the occasions when large-denomination bills of hundreds or even thousands of taels were used were mainly used by various merchants. The bulk trade of business groups and local merchants plus big landlords and gentry is more like a kind of commercial paper with credit than a kind of banknote. It just circulates back and forth among specific groups, and the number of withdrawals is not the same. There will be too many, and they are not used that frequently. They can be used within a fixed range for a long time.

There is another way of using it, which is when buying officials and paying bribes, and when local governments pay gifts to officials in the capital. In this special case, the large-amount bills transferred are rarely cashed directly. The eunuchs who received the money, Either convert the exchange notes into land, or find a way to quietly come to the business group to exchange them in the dead of night.

Although the amount is huge, because it does not need to be cashed immediately, the supervisors are only willing to deliver it to their home warehouses little by little in the middle of the night, so there is far less centralized payment pressure than small-amount bills.

The various business groups are really supporting it with both hands and feet in casting small-denomination metal coins that are more wear-resistant, and they are eager for Hong Jinglai to get it done quickly. They are even willing to help Hong Jinglai transport these new coins for free and spread them quickly in Ba Dao.

This surprised Hong Jinglai. Leaving aside the issue of large-denomination currencies, the recasting of small-denomination currencies was almost passed by applause. The whole audience applauded and passed it without any objection at all.

Those small businesses such as silver and copper exchange, miscellaneous silver recasting and other small businesses run by business groups are simply not a problem under the pressure of cashing out and payment that almost cuts off the cash flow of each business group every year. And even if Hong Jinglai's currency is recast in the future

, if ordinary people want to exchange silver coins and copper coins, they still need to go to the shops of these business groups to exchange them. Some silver business may only be more convenient, rather than suffering losses.

At this point in the discussion, there’s really nothing more to say, so let’s just do it!

However, the three leaders of the business group also made it very clear that they believed that Hong Jinglai must be selfless and reliable in his work. However, they did not believe in the officials who actually handled the affairs. When re-coining currency, they must ensure the content of the currency. If it is shoddy,

, but it will do more harm to the market.

Don't hurt the entire market's expectations for this new currency reform for the sake of temporary benefits.

There is another bad thing that almost all dynasties have done, and I hope Hong Jinglai will not do it, that is, casting big coins. Let’s not talk about treating two coins as five coins, which is obviously only three copper coins, but it is hard to do it.

Don’t do it if you want to exchange big money for ten. As for the kind of big money that is worth fifty or even one hundred for one thousand, that is because the country is about to be ruined, so it will make such rubbish. North Korea has not yet

To this point.

Hong Jinglai had not originally thought about minting any big coins, but the words of a few people also reminded Hong Jinglai that it is indeed possible to make two coins when they are five coins, as long as there is enough copper in it. For the same thousand coins, take a thousand small coins.

Money is always more troublesome than carrying two hundred coins as five cents. Stringing a thousand coins together will require a long length of rope, and counting the money will definitely take more time.

For Hong Jinglai, who was preparing to strike coins, minting coins in Dali would save time and effort, so why not do it.

Hong Jinglai answered a series of proposals one by one. Except for the problem of ensuring the quality of currency, which was not easy to solve, the others were not too troublesome. Regarding this issue of ensuring quality, Hong Jinglai remembered that some time-travelers were capitalists who had a "conscientious" alliance.

, supervise the minting process together, instead of leaving it all to government agencies.

There are also methods of directly entrusting it to private banks, which are only responsible for acceptance and not casting. There are even methods of establishing a national federation of capitalists to allow a group of capitalists to supervise and supervise internally.

Which one is better and which one is worse? Hong Jinglai really couldn’t make a decision right away!

This matter was handed over to the three business group leaders as a proposal, and they were asked to discuss it internally. If they could come up with a better way to replace pure government-run casting, then Hong Jinglai would be very happy to accept it.

Now we are looking ahead and dragging this shabby North Korean carriage onto the highway. Although we are on this carriage, so we cannot lift it up and start over again, but we can replace the wheels of this car with rubber tires.

It is possible to add a shock absorber spring to the bottom of the car, and finally add two horses to the car.
Chapter completed!