Li Hongzhang wasn't happy that his former subordinates had defected to his new leader. However, Li Hongzhang wasn't too excited in his heart. As long as these guys were remembered, he would have plenty of opportunities to deal with them in the future. If these kids could really climb up the social ladder in the future, Li Hongzhang wouldn't mind being closer to them. That was the nature of officialdom. As long as there was no conflict of interest, making enemies was a foolish choice.
"The Goryeo Imperial Court is discussing whether to issue banknotes. From what they said, they feel that since RMB can circulate in Goryeo, Goryeo's own currency can also be issued in Goryeo. After all, paper money doesn't require any casting costs, nor does it require gold or silver. It's very convenient. " Everyone else was showing off their work, so there was no reason for Li Hongzhang to look like he was the only one doing nothing.
"What will Goryeo use as collateral to issue the currency?" Gu Dahe asked a question very professionally. The goods of the Min dynasty are such that they will never be able to escape. The issuance of currency was originally in the hands of Vézé. When the financial workers of the Min dynasty grew up, most of them first had to learn the gradually formed monetary theory.
The RMB had no precious metals as collateral, and the Min dynasty had forcibly driven precious metals out of the circulation market. The complete legal tender system had caused a huge discussion among financial workers. Everyone felt that there were inexplicable problems with this monetary theory. However, different people have different views. Financial workers with their own views have different opinions. However, the basic theory was the same. Even if there was no gold and silver, there had to be productivity. A currency created by the government out of thin air was a very dangerous existence.
"What do you mean by collateral?" Li Hongzhang didn't understand this, so he asked directly. The Min dynasty was more accused of pretending to know what they didn't know. The discussion at this time was originally sudden, so it was normal that they didn't understand.
Even if Gu Dahe was a little too lazy to explain, he could still easily express his opinion on this matter. "When a currency is issued, there must be a clear target for the most basic purchase. It is generally believed that RMB will eventually be able to buy food at a fixed price in grain stores. In this sense, renminbi can also be called food coupons. What are they going to use as collateral for the banknotes issued by Korea? If gold and silver were to be used, then people would have to be allowed to exchange their notes for gold and silver at the central bank. If he were to use food, he would have to ensure that Goryeo's currency would be able to purchase food with 100% certainty. If it can't be done, then there's a big problem with these notes. "
After listening to Gu Dahe's explanation, Li Hongzhang frowned slightly. "President Gu, it seems like you have no confidence in Korea at all."
"Don't look down on this piece of paper." Gu Dahe took out a piece of RMB and held it in his hand. "This piece of paper represents the country's promise. If even one piece of RMB cannot be fulfilled, the credibility of all RMB will be questioned. The Min dynasty naturally has the confidence and determination to uphold our promise, but does the Koreans have this confidence and determination? "
When the staff in Gaoli's office heard Gu Dahe's solemn tone, they were all shocked. When they were in China, everyone was used to the Renminbi. Even if they did not understand the monetary theory behind the Renminbi, they could still muddle-headedly know that the Renminbi was a good currency. Now that they heard the speech of the bankers and felt the will of the country contained in these pieces of paper, everyone couldn't help but feel solemn.
Li Hongzhang originally wanted to use the Goryeo banknote issue as an opportunity to do something beneficial to China. After listening to Gu Dahe's analysis, he didn't have any intention of backing down. Instead, he thought that he had to understand more before he could make a move. Li Hongzhang immediately asked, "Does everyone think that we can't get involved in this?"
Everyone's eyes fell on Gu Dahe. As a financial expert, he had the most right to speak. Gu Dahe was also a wily old fox who had been in the government for more than ten years. He felt a wave of displeasure in his heart. Li Hongzhang casually put the responsibility on Gu Dahe's side, and it was Gu Dahe who asked for it. As an expert, he naturally had the most right to speak during the evaluation.
After thinking for a moment, Gu Dahe made up his mind. "That depends on what we want to get out of this. Let's not talk about other things, at least we can sell some banknote printing machines to the people of Goryeo. We can still make some money. "
Unexpectedly, Yuan Weiting immediately agreed. "As long as it can be sold, it's fine. I think this banknote printing machine can be sold for at least a few hundred thousand taels of silver. We can split some of the money, and we can get more banknotes from the bank in Goryeo. We are currently short of banknotes. The demand for Renminbi from the people of Goryeo is increasing, and we don't have enough banknotes. "
Yan Fu intervened strategically. "I think this is a good suggestion. Let's make a report to the country. Director Li, continue to contact us about this. "
Half a month later, Jin Yujun and the others first left their jobs at the Goryeo Railway and Telegraph Company, and then began to work in the Goryeo Palace. Min Fei Group was completely cleaned up, and there were a lot of vacant positions in the Goryeo Palace. Daojun himself didn't like Jin Yujun and the others, but he couldn't resist Li Hongzhang's "persuasion." Li Hongzhang thought, "These people are all studying in China, and they are well-known people in Goryeo. They have made contributions in quelling the civil strife, and the king can use them to calm the people's hearts. "
Daojun thought that the Min dynasty wanted more people who studied in the Min dynasty to enter the Goryeo Palace and become officials. This kind of thinking was normal to him. Besides, Jin Yujun and the others didn't make Daojun feel that they were a big threat. He agreed to Li Hongzhang's request.
Jin Yujun was a small official in the Ministry of Personnel, but he also officially became a member of the Goryeo bureaucracy. This guy immediately began to contact the local forces in Goryeo, and began to promote his ideas with great practical action. It didn't take long for the news to reach Daojun's ears. This small official in the Ministry of Personnel went around promoting the benefits of banknotes.
"Daojun, many people support Jin Yujun's idea," the monster trainer in charge of gathering information reported seriously.
"Why?" Daojun was a little puzzled. Renminbi was banknotes, and the people of Goryeo were using it more and more, so Daojun didn't have a special dislike for banknotes. Originally, Daojun didn't have much energy to care about Renminbi. From the experience of the past few years, Goryeo didn't have any benefits because of the existence of Renminbi. On the contrary, because of the faster circulation of money, many people's lives were much better than before.
"Those big families don't care. If Daojun gives the order, they will obey. If Daojun doesn't allow the issuance of banknotes, they won't care. Now, the people who are very supportive of this are businessmen and middle-class families. Businessmen think that banknotes are convenient, and middle-class families think that using banknotes to buy things is very cheap. "The monster trainer's answer was very honest. These were indeed the two groups of people who had the greatest demand for banknotes. "Daojun, Japanese money can be used in Goryeo, let alone Shangguan's Renminbi. Our Goryeo can't compare to Shangguan, but can't we even compare to Japanese? "
When the monster trainer left, Daojun didn't give an answer. He went home and wrote a letter and ordered his servants to send it. This letter quickly reached Li Hongzhang's hands. Not only did the monster trainer come to send the letter, but people from various government offices also came to send the letter. Director Li's network in Goryeo was getting wider and wider. People, including Jin Yujun, were all in contact with Director Li regarding the issuance of banknotes.
During the meeting in Goryeo's office, Li Hongzhang was inevitably asked about this matter. Director Li said lightly, "Some people want to be promoted, and some people are really thinking for Goryeo and think that using banknotes is a good thing for Goryeo. There are also some people who simply think that it's necessary to get involved in this matter and know how deep the waters are. These are not important. As far as I know, Daojun is becoming more and more lax. This old man is also short of money now. "
When Gu Dahe heard this, he couldn't help but frown. "Banknotes are the easiest to overdistribute. In the history of China's currency, banknotes have been issued more than once, and they all ended in tragedy. Traditional precious metals and coinage, at least there's a cost. Once the banknote printing machine is turned on, the money will go out. After this plundering of the market and labor force, there will immediately be a round of inflation. "
An institutionalized party committee never had a simple meeting. One of the main responsibilities of the party committee was to "organize daily meetings," which included reading, seminars, training, and sports. Recently, the daily meetings were mainly for studying, and a lot of basic knowledge was disseminated during the study meetings. This time, Gu Dahe's words were understood by most of the serious comrades.
"What should we do?" Yuan Weiting asked immediately.
Before Gu Dahe could speak, Wang Shizhen took over the question. "We can't let Goryeo's currency and our RMB be freely exchanged, right?"
"Exactly!" Gu Dahe completely agreed with Wang Shizhen's words. "The Goryeo Royal Court has their own RMB, and it's their business how they want to exchange it with Goryeo's banknotes. We will never open the door ourselves."
Seeing Wang Shizhen's quiet performance, Li Hongzhang immediately added, "If the Goryeo people want to use the banknote printing machine to print money and then use their waste paper to exchange for our RMB, we really have to be prepared early."
At this time, Jin Yujun tried his best to persuade Daojun. "My lord, China uses banknotes, and Nihon uses banknotes. Our country is much better than Nihon, so of course we can use banknotes. Not to mention that all the countries in the world use banknotes, such as England, France, the United States, and Russia. While the big powers have gold and silver coins, they also use banknotes. Our Goryeo country has 3,000 miles of land, and it takes a whole day to travel from east to west by train. I have repeatedly explained the advantages of using banknotes in my memorials. Even if we don't talk about this, why can't Goryeo use banknotes? "
This kind of simple comparison sounded more convincing to Daoyu-Jun than those logical and logical arguments. Things were just as Jin Yujun said. Since all the countries used banknotes, why couldn't Goryeo use them? In addition to this reason that Daojun couldn't refuse, reality also gave Daojun a lot of pressure. After getting rid of Lady Min's "special army," Goryeo restored the old military system. This group of soldiers had to eat, drink, and pay. It was too difficult to raise money, but printing banknotes was much easier.
Even though he agreed to this, Daojun still put on a serious face. "Jin Yujun, you are encouraging this. What if something goes wrong?"
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