In October, at the end of the year, Zhenzong buried the former emperor, stabilized the government, and fortunately escaped the attack of the Khitans who were originally brought disaster. He was ready to welcome the arrival of the New Year safely and then changed the year name to his own. He had already figured out what year name to change to: Xianping. This year name means peace in the world.

Just during this day that should have been done step by step, Zhao Heng suddenly discovered some strange phenomena and began to occur.

First of all, he was surprised to find that when the Ministry of Revenue reported to him the tax revenue for the first half of the year, all the income was converted into units of gold coins, yuan.

Although Zhao Heng later learned about the conversion ratio of gold coins to copper coins, about one thousand mosquito copper coins, that is, a consistent amount of money can be exchanged for one gold coins, that is, one yuan.

However, Zhao Heng did not expect that even the Ministry of Revenue began to use gold coins as the unit of measurement. Although using yuan as the unit of measurement is indeed similar to using Guan to measure, this does not mean that Yuan will replace Guan as the official unit of measurement.

Another strange phenomenon is that when Zhao Heng went out of the palace for a private visit, he found that many people in the capital did not use copper coins or gold coins when paying their bills after buying things or dining in restaurants, but used a paper that was slapped in the face.

This made Zhao Heng, the emperor, fall into confusion again. As the emperor of the Song Dynasty, he seemed to have too many things that he didn't know, which made him a little panic.

Fortunately, although Zhao Heng was a little cowardly, he was not stupid. He knew that there must be a reason for the phenomenon, and this reason was often found through inquiries, so he sent a large number of people to the people to ask about the reasons.

He soon learned the answer, and there were two reasons for this phenomenon.

First, in recent months, a business called Xinhua Money House suddenly appeared in the capital. This business is different from an ordinary business. It does not buy or sell any goods here, but has a lot of money-related businesses.

First of all, this shop uses a lot of gold coins to exchange for copper coins, or this is more appropriate, that is, people can exchange copper coins in this shop, but this exchange is cheaper than the usual money for one yuan gold coins in the general sense.

Anyone has to spend 1,050 cents to exchange for a gold coin, but this has not stopped the people from celebrating gold coins. In just a few months, more than 100,000 yuan of gold coins have been exchanged, which is equivalent to more than 100,000 yuan of copper coins entering the pocket of this money house.

This made Zhenzong very puzzled why this exchange is higher than the market price, but there are still so many people willing to exchange it.

Soon Zhenzong also learned the answer, that is, the source of gold coins also came from this money house. All the commercial banks that previously acquired the physical salaries of officials at a fair price and cooperated with this money house. They first exchanged copper coins for gold coins in the money house, and then used gold coins to purchase the physical salaries of these physical salaries.

This made these officials the first to eat crabs, and in a sense these crabs became the "image spokespersons" of gold coins.

Since ancient times, there have been good people above, but even the lower ones must be even more so. Although this sentence often describes the influence of the monarch's preferences on his ministers, for example, the King of Chu is as thin as his waist, and many palace maids starve to death.

However, in a sense, it can also be applied to the relationship between officials and the people. After all, officials in this era are the most direct role models for the people, so when officials start using gold coins, it will inevitably lead to a trend of using gold coins among the people.

What's more, in ancient times, bad money often drove out good money, not to mention that what is now placed in front of the people is gold coins better than good money.

In this way, even though gold coins were equivalent to spending more copper coins than the originally announced one yuan, it still attracted the attention of the capital.

Although Zhenzong understood how the gold coins came about at this time, he still didn't understand what it had to do with those papers.

But soon, those who were sent out to do the investigation also gave answers to those papers, and the answer was that those papers also came from that money house.

These papers are another business of the money house, that is, saving money. Anyone can save money in that money house. How much money you deposit, the money house will give you the corresponding denomination paper.

While the investigators explained, they also presented a dozen such papers to Zhenzong's dragon case, including more than a dozen pieces ranging from one with a face value of one to fifty thousand.

They are the face value one, two, five, ten, twenty, fifty, one hundred, five hundred, one thousand, five thousand, ten thousand, and fifty thousand respectively. The numbers above represent the amount of money, one corresponds to one penny, and fifty thousand corresponds to fifty thousand penny.

Then there are several special types in the middle of these papers. Although they still say one, two, five, ten, twenty and fifty, the unit is replaced by yuan. This kind of thing can be directly exchanged for gold coins, that is, it is obtained by depositing gold coins.

This kind of banknote was originally popular among chambers of commerce, because there are often direct trading transactions between chambers of commerce, but because the quantity is huge each time, transactions are very troublesome.

Since this kind of money saving business, both parties to the transaction often deposit a sum of money directly into the money shop, and then write the corresponding amount of the bills written to the seller after depositing the money. Then, when the seller needs the money, he will just go to the money shop to get it.

This move greatly facilitates both parties to the transaction, because if they are traded with copper coins, the amount required is too huge and inconvenient to carry.

Even if you use gold coins, there will be certain risks. After all, it is not safe to carry a large amount of gold coins for long distance trading, but paper bills are different. Paper bills can be used with large denominations, just a few pieces, and it is much more convenient to hide them. Therefore, it has been very popular among commercial banks.

Later, this trend gradually spread to the public. Since most private businesses are members of the chamber of commerce, these shops or restaurants started a business, that is, they can use this paper bill to pay the bill.

This kind of paper bill is called copper bill by people in the money shop, and gradually many people start to save money in the money shop, and then exchange it for copper bills and even use it directly.

Especially in places where several major vendors gather in the country, Bianjing, Huating, Yangzhou, Chang'an, Luoyang, Hangzhou, and Chengdu, there are such money shops, and copper tickets can also be deposited and withdrawn from other places.

This greatly improves the convenience of this kind of copper ticket, so today's trading in the market in Beijing mainly focuses on copper tickets and gold coins.

Many small-valued coins use copper tickets, while those who are not assured about copper tickets use gold coins more often. In addition, the pursuit and storage of gold coins by the people has greatly reduced the circulation of copper coins in just a few months.

After listening to the investigators' introduction, Zhao Heng's back suddenly became cold.

Although he lacks economic knowledge, Zhao Heng is not the kind of foolish monarch who is completely unaware of the sufferings of the people after so many years of contact with government affairs. He probably knows what consequences will be if these things are completely spread.

So he had to pay attention to the impact of these copper notes and gold coins, but he had not yet decided what to do, so he decided to raise this matter at the next day to see if there was any good solution for the ministers in the court.

However, during the second day of the Dynasty, when Zhao Heng raised this matter to hope that the ministers would come up with a solution to it, the court was divided into two distinct factions.

The opinion of the faction was that the court must find ways to place the copper tickets and gold coins within the scope of its own control, preferably official.

However, the other faction's opinion is that the court has no way to manage such matters, and it may be better to let it go for free to develop.

Both sides have their own reasons, and I hope that the official side will naturally see that once copper coins are completely out of popularity, or not in big cities, the court will often fall into a passive position.

Here they have not had a far-sighted vision to see a series of impacts brought by the so-called currency issuance rights, but they know that once the copper coins are panic, the court will often have to be controlled by this money house.

The popularity of a large number of copper notes and gold coins now means that there is a large amount of copper coins in the money house. If this large amount of cash is controlled by a business that is not under the control of the official, it will be a threat to the entire court.

After all, the imperial treasury is not entirely copper coins, and it is often taxed in kind. Once the imperial court needs money, it must sell these physical goods to the public.

In the current situation, there will be only two results for selling physical goods, either gold coins or copper tickets, either of which are not what the court wants.

Although gold coins retain value, the denomination is huge after all, and if it is implemented, it still has to be replaced with copper coins. A large number of copper coins are controlled by the bank. When the time comes, when the gold coins are exchanged for copper coins, it is possible that the bank will decide whether to exchange them or not.

Another possibility is copper tickets. Although the face value of copper tickets is small, it is not copper coins after all. Although they can be spent in these big cities, no one recognizes them in small places. The result still has to be exchanged for copper coins.

But if the money shop is in exchange for it, it means that our money shop does not have that much cash and needs a certain amount of time to prepare. At this time, the court is in urgent need of money. It is not that time was wasted in vain and there is no other way. This is not the same as the court being controlled by the money shop in disguise.

This is the opinion of the people who hope to control the money shop.

But what they did not expect was that the opposition's opinions were also very reasonable, and neither side could convince the other.
Chapter completed!