"Ka Ka Ka!"
With the continuous operation of the hydraulic stamping machine, exquisite iron coins were cast one by one.
Since the Mo family solved the iron crisis, the production of stainless steel had greatly increased, which was enough to supply the Ministry of Civil Affairs with the production of iron coins.
"Merton, Your Royal Highness! This is the latest batch of iron coins. Now the Ministry of Civil Affairs has accumulated about 500,000 strings of iron coins. It's time to release them to the world. "In the mint of the Ministry of Works, the Minister of Civil Affairs, Tang Jian, said excitedly.
Li Chengqian looked at the exquisite iron coins and nodded slowly. "Father ordered the courier station and the bank of the Village Mo family to assist the Ministry of Civil Affairs in releasing the iron coins. I will do my best to complete the task.
This time, the issue of iron coins is to raise funds for the construction of the Shuzhou Road. There is no benefit in doing so. There are only two banks in the Tang dynasty that have the ability and reputation to exchange iron coins. One is the courier station, and the other is the bank of the Village Mo family. The courier stations are all over the world and are the most important. The bank of the Village Mo family has a lot of business, mainly in big cities such as Chang 'an and Luoyang.
"Minister Tang, since the iron coins have been cast, once they are released to the world, the funds for the construction of the Shuzhou Road must be in place." Meton reminded him.
"Of course!"
Tang Jian couldn't help but feel the pinch. This batch of coins worth 500,000 strings of strings of coins used about 150,000 strings of stainless steel. Together with the hydraulic stamping to save on labor, the cost was less than 200,000 strings of strings of coins. That was to say, the Ministry of Civil Affairs had earned 300,000 strings of coins. Sure enough, in this world, coinage was the most profitable business.
"No, I mean this batch of money will be used exclusively for the construction of the Shuzhou Road." Meton insisted.
Tang Jian frowned and said, "Mo Jiu, if this batch of money is left in the national treasury, it will be a great waste. I can guarantee that there will be no shortage of funds for the construction of the Shuzhou Road."
The Tang dynasty was in urgent need of funds. Just now, Tang Jian had thought of where the money was needed. Mo Jiazi immediately disrupted his plan.
Meton shook his head and said, "Everyone knows that the Ministry of Civil Affairs is in urgent need of money. I'm afraid that no amount of money can fill the bottomless hole of the national treasury. If Minister Tang is worried about the money in the national treasury, you can put it in the bank of Village Mo. The Ministry of Civil Affairs can withdraw it at any time, and I will pay the interest regularly."
In any era, the progress of the project depended on the speed of the party's transfer of funds. Excavating the Xin Shu Road was a huge project. If sufficient funds could be guaranteed, the progress of the construction of the Xin Shu Road would be greatly accelerated.
"No, this is the national treasury's money. How can it be put into a private bank?" Tang Jian objected. He was unwilling to let go of the money in his hands.
Seeing that Tang Jian was unwilling, Meton changed his mind and said, "Lord Tang, don't worry. As long as we raise three million strings of cash for the construction of the Shuzhou Road, if there is a surplus of iron coins in the future, the Ministry of Civil Affairs can use the rest of the money."
Tang Jian's heart moved. This 500,000 strings of cash was the first batch of iron coins. As the iron coins were widely accepted by the Tang dynasty, the 500,000 strings of cash would become 5 million strings of cash or even more. The Ministry of Civil Affairs would also earn more money. Although most of the money would be used to build the Shuzhou Road, the extra money was still not a small amount. Not to mention that this was not a one-time deal. As the economy grew in the future, they could continue to issue more iron coins.
"But after all, these are iron coins. What if the people don't accept iron coins?" Li Chengqian frowned. The previous coins were gold, silver, and copper, but this was the first time iron coins were used. The acceptance of the people was still unknown.
Meton shook his head and said, "Your Highness, don't worry. The value of iron coins is very small. Compared with the convenience of iron coins, the risk is negligible. Of course, the people will be worried. The Minister of Foreign Affairs has ordered the Mo Periodical to publish an article explaining the authority and convenience of iron coins. Moreover, the courier station and the bank of the Village Mo's Village will not only exchange the iron coins outside, but also promise to unconditionally exchange the iron coins for Kaiyuan Tongbao.
Therefore, the people will not resist. "Iron coins were only a few copper coins. Even the ordinary people could bear this loss. As long as the imperial court promised to unconditionally collect the iron coins, the people's worries would be greatly reduced.
Li Chengqian thought carefully. Meton could even issue paper money, let alone the more credible iron coins. At this moment, he was relieved and said, "In this case, let's officially issue the iron coins. I will also order the Confucian periodical to publish an article to publicize the iron coins."
With the order, the Confucian periodical and the Mo Periodical worked at the same time to publish articles to publicize the function and significance of iron coins.
"The Ministry of Civil Affairs will supervise and make up the shortage of small coins to make trading more convenient."
"To raise money for the construction of the New Shu Road!"
"Made of stainless steel, the latest technology of the Mo family."
With the publicity of the Confucian periodical and the Mo Periodical, the iron coins were soon known by the people. Everyone could not help but be tempted. For a long time, the smallest currency was one copper coin, which was extremely inconvenient to trade. With the iron coins, it would be much more convenient. In addition, the enmity between the iron coins and the iron trade in the Village Mo's Village was also talked about. Therefore, the iron coins became the hottest topic in the Tang dynasty.
At the same time, the courier station and the bank of the Village Mo's Village acted at the same time. Carriages of money were sent from the Ministry of Revenue to the courier stations all over the country. Once the money was exchanged for gold and silver, it would be immediately handed over to the Ministry of Civil Affairs.
As for the bank of the Village Mo's Village, it was even simpler. They directly exchanged real gold and silver for cash, and exchanged a carriage of copper coins for iron coins of the same value. Obviously, they were very confident in the iron coins.
However, the reality stunned everyone. The people of Chang 'an were used to the copper coins, but they were still resistant to the new iron coins. Even if all the small coins added up to only a few copper coins, no one would use them. Everyone believed in the Kaiyuan Tongbao, which was round on the outside but square on the inside, and no one was willing to use the exquisitely made iron coins.
"Hahaha, this time Mo Jiazi has failed miserably. Not only can he not exchange the iron coins, but even the New Shu Road, which he values the most, will be shelved." In the Zhangsun Mansion, Zhangsun Chong said happily.
Although Zhangsun Chong suffered a crushing defeat in the fight for iron coins, Mo Jiazi did not win either. If the iron coins could not be exchanged for copper coins, he would become a laughingstock in the end.
Princess Gao Yang looked at Zhangsun Chong, who was comforting himself, and shook her head helplessly. Her eyes fell on the price of the Mo Periodical.
"Nine Wen Jiu, send it home."
Goods that were originally priced at ten copper coins or even higher were all priced at nine wen jiu by the Mo Family. The prices of other goods were also reduced to precisely one jiu. In this way, if the people wanted to save money, they had to use 15 jiu coins.
It should be known that the people might not be willing to exchange their copper coins for iron coins, but no one would mind getting a few iron coins for free. Once the iron coins accumulated in the hands of the people, they would naturally circulate slowly.
The most sensitive people were the merchants of Chang 'an. They found that the business of the Mo Family's Mechanical City had been booming recently, but the business of the Mo Family's Mechanical City had been booming. After a little investigation, they all exclaimed, "Mo Jiazi is brilliant!"
It turned out that all the goods in the Mo Family's Mechanical City had an additional nine behind them. It should be known that the difference between nine wen jiu and ten wen jiu was only one jiu, but in fact, the difference in the customers' psychology was like heaven and earth. In comparison, everyone thought that the goods in the Mo Family's Mechanical City were cheaper, but in fact, the difference of one jiu was insignificant to all the merchants.
Soon, the merchants in Chang 'an followed suit and also added nine jiu to the end of their goods. However, if they wanted to imitate the Mo Family's Village, they had to have enough change. In a short time, the Mo Family's Village Bank's business of changing change was booming. There were merchants lining up to change money. Iron coins quickly became popular in Chang' an and quickly spread out.
At this point, iron coins were officially launched. However, no one thought that the biggest contributor to the promotion of iron coins was the strategy of nine yuan jiu.
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