"We second the motion!"
Morning court, Taiji Palace.
After Fang Xuanling took the lead to express his support for Tang Yuan and Yanhuang Bank, several other ministers followed suit, especially the generals led by Qin Qiong and Cheng Yaojin. For them, whether Tang used copper coins or Tang Yuan in the future, it didn't seem to have much impact. If Tang Yuan replaced copper coins, they would even find it more convenient!
Every time the Tang army went on an expedition, although they brought most of their food and fodder, they would also bring some copper coins. On one hand, they might need to replenish supplies in the nearby counties on the way. On the other hand, it was to give food or rewards to the soldiers!
If the scale of the expedition was relatively large, they would bring a lot of copper coins. Even if they used ox carts, they would have to pull many carts!
Therefore, if Tang Yuan could become a recognized currency everywhere, it would be much easier for the army to carry the cart when they went to war!
In addition to these, Cheng Yaojin, Qin Qiong, Yuchi Jingde, Niu Jinda, and the others were now shareholders of Yanhuang Bank. It was also very beneficial for them to promote the "public" of the bank and the "monetization" of Tang Yuan.
"Your Majesty, I think this matter shouldn't be rushed!"
Just when the discussion was one-sided, Du Ruhui stood up and bowed to Li Er. With a serious face, he said, "Your Majesty, since the Qin and Han dynasties, all the dynasties have used copper coins. If the imperial court rashly uses Tang Yuan to replace copper coins, I'm afraid the people won't believe it.
Because copper mines are hard to find and difficult to mine, our Tang Empire is currently facing a shortage of money. But it is precisely because of this shortage of money that our Tang Empire's food, cloth, and other things are so cheap.
This Tang Yuan is printed on paper, so it is naturally not limited like copper coins. This is a scourge locked in a cage. If one day the printing of Tang Yuan is released, the price of food and cloth in our Tang Empire will soar rapidly. At that time, the people will not be able to eat and wear clothes! This is a sign of chaos. Your Majesty, please think twice before you act and be extremely cautious! "
While Fang Xuanling and Du Ruhui were scheming, Du Ruhui was decisive. But in terms of foresight, Du Ruhui's level of thinking and depth was something that few people in the court could match. As someone from the ancient era, he was actually able to predict that an overshoot of the currency would bring inflation to the Great Tang. Even Li Zexuan couldn't help but admire his foresight!
As soon as Du Ruhui finished speaking, many of the officials in the civil officials' camp seemed to have woken up from a dream. Their faces were solemn. Obviously, they also felt that Du Ruhui's words were reasonable!
"Your Majesty, Lai Gong is right. We must be cautious about the matter between Tang Yuan and the bank! Although it is difficult for ordinary people to imitate Tang Yuan, if a skilled craftsman were to be able to do so, the Imperial Court would suffer a huge loss! "
(Du Ruhui's title was Duke Lai)
A middle-aged official wearing a blue court robe walked out from the group of civil officials and cupped his fists.
"Who is this person? Why do you look so unfamiliar? "
Li Zexuan muttered in his heart.
"Yes! Li Zexuan, do you agree with Du Ruhui's and Physician Yan's opinions? "
Li Er raised his head and asked Li Zexuan.
Physician Yan!
Old Li probably knew that Li Zexuan didn't recognize this middle-aged official and purposely mentioned his surname and official position.
Speaking of which, if not for Du Ruhui personally leading the way, Li Er would still be immersed in Li Zexuan's development plan for the Yanhuang Bank. It wasn't that the plan was brilliant, but that many of the ideas in it were very attractive. If not for the fact that this wasn't the right place, Old Li would have already slapped the table and cheered!
Li Zexuan bowed slightly and cupped his fists. "Your Majesty, Lai Gong's words just now can be said to be far-sighted. This subject is truly impressed! However, Lai Gong's and Physician Yan's worries aren't without a solution!
First, regarding Lai Gong's worry that the bank will print too many Tang Yuan, there is no need for any of you to worry about this! This is because for now, every Tang Yuan printed by the Yanhuang Bank will be matched with a copper coin of the corresponding value. There will definitely not be any more than that!
Secondly, in the future, when Tang Yuan completely replaces the copper coins, the amount of money that the bank needs to print will be determined by how much money Tang needs! When that time comes, the bank will set up a statistical department to calculate the number of Tang Yuan that needs to be printed every year. The results will be personally decided by His Majesty!
As for the problem that Physician Yan mentioned about Tang Yuan being copied, there is no need to worry about that. Firstly, the printing of Tang Yuan uses many anti-counterfeiting methods. The paper, patterns, serial numbers, seals, hidden lines, etc. These are all unique. Secondly, Physician Yan said that Tang Yuan can be copied, but is it impossible for copper coins to be copied? "
The middle-aged official glared at him and said, "Who dares? The design of the copper coins was personally decided by the emperor emeritus. If anyone were to copy them, they would undoubtedly die! "
Li Zexuan smiled and said, "That's right! However, has Physician Yan ever considered that when Tang Yuan becomes the currency of His Majesty, if anyone were to copy it, they would also die? "
"This …!"
That middle-aged official was stunned. Obviously, he had neglected this extremely important point.
Upon seeing this, Li Zexuan clasped his hands towards Li Er and continued, "If His Majesty decides to use Tang Yuan as the currency, then I suggest that His Majesty devise torture methods to severely punish those who copy Tang Yuan! At the same time, the paper used to print Tang Yuan must be strictly prohibited from being sold privately by commoners and merchants. Violators will also be severely punished!
With so many factors, I believe that the difficulty of copying Tang Yuan will definitely be much higher than copying copper coins! "
Li Er nodded and said, "Marquis Yong 'an's words are not without reason. Does anyone have any objections?"
Du Ruhui shook his head and retreated.
Zhangsun Wuji finally came forward and gave the final word, "Yanhuang Bank and Tang Yuan are definitely beneficial to the country and the people. Although there are some flaws, the flaws do not obscure the jade. I believe that the promotion of Tang Yuan is imperative!"
As the head of the civil officials, Zhangsun Wuji's words carried a lot of weight. After hearing what he said, no one else stood out to object.
"I agree!"
Upon seeing this, Li Zexuan could not help but heave a sigh of relief. Things were progressing smoothly. Speaking of which, he had prepared a lot of lines that he had yet to say!
With the situation settled, Li Er raised his head and said in a deep voice,
"Since no one has any objections, then from today onwards, Yanhuang Bank will belong to the imperial court and will be under the jurisdiction of the Ministry of Revenue. Starting from Chang 'an, all merchants, restaurants, teahouses and other places that have transactions are not allowed to refuse to use Tang Yuan as payment. Violators will be severely punished! Yanhuang Bank's official office will be located at Vermillion Bird Avenue. Marquis Yong 'an will temporarily be in charge of all matters of the bank! Those who have previously invested money in Yanhuang Bank will be able to obtain a certain percentage of the bank's dividends every year as compensation! "
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