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Chapter 715 - Tang Yuan on the Gold Standard (One Change)


Li Tai didn't expect that Li Shimin would refuse to use his portrait.

After all, it would be a great honor to be printed on coins in later generations.

So Li Tai said to Li Shimin: "Father, money is an eternal thing in this world.

Some people will abandon their parents and will not abandon the money in their hands. ” "From ancient times to the present, how many saints and wise kings are there, but how many are known by the people, they can only live in ancient books and historical records, and are known by a very small number of knowledgeable people."

"But if the portrait of my father is printed on the coin, then I am afraid that the people of the world will never forget my father.

At that time, the father will really be famous for eternity. ” Hearing Li Tai's words, Li Shimin couldn't help but nodded, but there was still a little bit in his heart that he couldn't mind.

So he opened his mouth and said to Li Tai, "Can you change my portrait to a name?"

"Father, don't you know that the banknotes issued by the sons have a lot of anti-counterfeiting marks.

One of the main imprints is the portrait of his father.

Li Tai said to Li Shimin.

Then Li Tai shone the coin in the sun, and the steel seal hidden in the middle of the coin appeared very clearly in front of Li Shimin.

In the end, Li Shimin was convinced.

However, Li Shimin asked Li Tai to change himself in a dragon robe to a self in armor.

This is also Li Shimin's last self-comfort, because when he was wearing armor and carrying a sword, he was only Li Shimin, the king of Qin, the general of Tiance of the Tang Dynasty.

It is not the Emperor of the Tang Dynasty.

Li Tai naturally would not refuse Li Shimin's proposal.

So he ordered Mo Tiannan and Gao Ping to immediately follow Li Shimin's portrait in armor and start carving the template by hand on the spot.

Mo Tiannan and Gao Ping are not comparable to ordinary craftsmen.

So they quickly made two stencils, and then printed a 100-yuan bill in front of Li Shimin.

Li Shimin was very satisfied after reading it, and then said to Li Tai: "I am more optimistic about this paper currency, and I hope that one day you can implement it in the world."

At that time, it will save a lot of resources for our Datang. ” "Father, it's easy for the people to accept Kaiyuan Tongbao, but let them accept paper money.

I'm afraid it won't be something that can be achieved in a while.

This requires a step-by-step process. ” However, Erchen is confident that one day it will become the only currency of the Tang Dynasty.

But at present, he can only be promoted in the subject country of Erchen, and it is still implemented with Kaiyuan Tongbao.

Li Tai said to Li Shimin.

"Changing the style of the coin, the people will naturally accept it.

But exchange the real money in your hand for paper coins.

It is indeed not an easy task.

Li Shimin nodded and said.

"Although the father and son of the emperor printed this paper coin, they did not name it.

Because Erchen felt that only his father was qualified to name the coins of the Tang Dynasty.

Li Tai saluted Li Shimin and said.

"It was your imperial grandfather who changed the five-baht coin, which has been popular for nearly a thousand years, to the current Kaiyuan Tongbao.

And the unit of your coin is also yuan, and the regime created by my Li family takes the Tang Dynasty as the country name, so this paper coin is called Tang Yuan.

Li Shimin said after thinking about it.

"What my father said is right, it is very appropriate for the coins of my Tang Kingdom to be called Tang Yuan.

From now on, this paper coin will be called Tang Yuan.

Li Tai said happily to Li Shimin.

"Although this Tang Yuan can replace the existing Kaiyuan Tongbao.

But there is one thing that the people are most worried about.

That is, after all, it is printed on paper, how can you guarantee that Tang Yuan will always have the current value?"

asked Li Tai.

"What my father said is right, the circulation of this Tang Yuan must be strictly controlled.

Therefore, Erchen was ready to implement the gold standard.

That is, the amount of money used in the country's gold reserves to promote the number of coins.

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Li Tai said to Li Shimin.

Although Li Tai knows what the disadvantage of the gold standard is, that is, the amount of gold reserves, I am afraid that it will not be able to meet the needs of market transactions.

I am afraid that there will be a collapse of the gold standard.

After all, there has been a collapse of the gold standard in history, but at present, Li Tai really has no other way.

If the current paper money standard is implemented, it will not be possible to win the trust of the people at all.

However, the gold standard adopted by Li Tai is still different from the historical gold standard.

It is nothing more than the gold content of the currency.

Therefore, the gold standard promoted by Li Tai is actually a grade between the gold standard and the paper money standard.

It can also be said that Li Tai secretly changed the concept.

After all, in the Tang Dynasty, gold was not a currency in circulation, so Li Tai developed a conversion method himself.

Finally, to determine the number of Tang Yuan's issuance.

Li Shimin was stunned by Li Tai's fooling, and finally nodded and said to Li Tai: "Although this method is good, it has a certain risk. ” "If someone secretly colludes and uses the huge amount of Tang Yuan in their hands to exchange gold for you.

At that time, you will have to come up with a sufficient amount of gold to deal with their schemes. ” "So you must have a sufficient amount of gold in your hands to rely on, otherwise it is likely that you will be in a passive state, and what will happen when the time comes, needless to say, you should also know."

"What my father said is right, the sons have already made full preparations in order to implement Tang Yuan.

That is to use the thirty-three heavens to hoard gold on a large scale, and now Erchen already has a certain amount of gold in his hands. ” Even so, it is difficult for the gold in Erchen's hands to ensure the normal issuance of Tang Yuan.

Therefore, this matter still needs the father and the emperor to help his sons.

Li Tai said to Li Shimin with a smile.

"I know that you kid must have hit me with the idea.

Although I have a lot of gold in my hands, I can't give it to you for nothing.

Li Shimin looked at Li Tai and said.

"How could Erchen let his father take out the gold for nothing, and Erchen would use Tang Yuan to buy it in his father's hands."

Li Tai said to Li Shimin with a smile.

"Tang Yuan, you better keep it for yourself, you use Tang Yuan to buy gold in my hands.

In the end, Tang Yuan remained in my hands but it was useless, after all, now Tang Yuan is only useful within your subject country. ” "So now you use Tang Yuan to buy gold from me, and it seems that there is no difference between it and the empty glove white wolf.

You'd better get something real out there.

Li Shimin said to Li Tai.

Hearing Li Shimin say this, an embarrassed smile appeared on Li Tai's face.

After all, what Li Shimin said is reasonable, Li Shimin can't be allowed to go to Li Tai's subject country in order to spend the money in his hand.

"How about exchanging silver and grain for the ministers there, but I don't know how much gold my father can exchange with his sons."

Li Tai asked Li Shimin.

In the end, after some bargaining between the father and son, Li Shimin decided to take out 500,000 taels of gold for Li Tai. to support Li Tai's implementation of the Tang Yuan.

Although 500,000 taels of gold is not a lot, it is enough for Li Tai now.

After all, he still has a lot of gold in his hands.

However, for a longer-term plan, Li Tai decided to continue buying gold.

And the most suitable person to buy gold for Li Tai is Li Shimin.

In the end, Li Shimin sighed and said: "You kid is thinking about calculating me all the time, but for the sake of you and the people, I will help you again." ”: