The next day, Wuhan, China Finance Federation headquarters.
The full name of "Finance and Finance Alliance" is very lengthy, it is called: China National Finance and Financial Industry Joint Supervision and Administration Commission.
Although the People's Bank of China is responsible for the specific matters of currency issuance, currency issuance also involves many aspects, and the Finance Federation still needs to coordinate various relevant units.
Therefore, the first batch of official legal tender meetings in New China were held here.
The headquarters of the Finance and Finance Alliance is in the same office building as the headquarters of the People's Bank of China.
The first to seventh floors belong to the People's Bank of China, and the eighth to tenth floors belong to the Finance and Finance Alliance.
This arrangement can also illustrate the subordinate relationship between the two.
Like others of its kind, this office building has a square matchbox shape and looks very featureless.
Oh, the only thing that can be called unique is the pair of stone beasts at the gate.
Other ministries and commissions have lions at their gates, but the stone beasts here are Pixiu, a pair of white marble Pixiu.
After Liu Yang eloquently talked about the advantages of the gold standard, he concluded: "To sum up, the gold standard is the mainstream currency system in the world, and my country's current silver standard should also be changed to the gold standard."
The currency system of the Republic will be changed to the gold standard.
This has been decided by the central government a long time ago.
Today is just to give the lower departments some relief.
It is normal for New China to decide to change its currency system, although in the history of currency, silver served as the standard currency earlier than gold.
But when it comes to serving as a monetary commodity, gold is far superior to silver.
With the economic development of Western countries, the silver standard first transitioned to the gold and silver bimetallic system, and was replaced by the gold standard after the 1820s.
By the end of the 19th century, with the improvement of labor productivity in the silver mining and casting industry, the value of silver continued to decrease, and the price ratio between gold and silver fluctuated significantly, which affected economic development.
With the exception of China, all countries successively abandoned the silver standard.
Historically, China did not abandon the silver standard until 1935.
It was not that the Chinese did not know the benefits of the gold standard.
One of the main reasons was that the political situation was unstable, warlords had been fighting for decades, and there was no strong central government to change the currency system. dream.
The second reason is that the reason at that time was the shortage of gold.
There was not enough gold as a reserve fund.
How could they implement the gold standard?
The Cannon Party regime was a comprador regime.
For them, they would rather exchange domestic gold for foreign exchange than use it as a national currency. of reserves.
The situation in this plane is different.
The Socialist Party's regime is quite stable, and its control over the country far exceeds that of the Red Dynasty.
Its control is unprecedentedly strong.
So for the country, with the actual control and prestige of the Socialist Party of Science and Technology, there is no problem no matter which standard is implemented, let alone changing from the silver standard to the gold standard, it is no problem to change to the grain standard or the salt standard, even if it is directly converted into a credit currency There is no need to worry about people not recognizing their accounts.
However, it won’t work if you take it internationally.
If you don't use gold standard currency, you can't use it to buy other people's things.
Others will not accept international transactions.
If it was like the situation in the early days of the Red Dynasty in the original time and space, where trade with foreign countries was less and mainly barter trade, of course there would be no need to worry about the standard issue.
However, the volume of trade between China and the world on the standard level is very huge, so it is better to use the gold standard.
Otherwise, it will be more troublesome for other countries not to recognize it.
In current international trade, silver dollars are first converted into gold at the same time, and vice versa.
However, silver has been depreciating and gold has been appreciating.
Therefore, China, which uses the silver standard, suffers a lot in trade settlement.
For example, according to calculations by the Bureau of Statistics, the losses caused by the gold and silver price ratio last year were as high as 17 million yuan, which was enough to build the Chengdu-Chongqing Railway.
Moreover, the volume of trade will increase in the future, and the price ratio of gold and silver will also increase, which will cause even greater losses, so reforming the currency system is inevitable.
No one can stand such a loss, and the loss is so inexplicable.
"Liu Yang, has the gold content of our currency been determined?"
Wen Desi asked.
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Liu Yang nodded and replied: "It has been confirmed.
According to the gold price on January 1 this year, the gold content of our currency is 0.75232 grams of 24k pure gold per yuan.
This is also the amount of silver dollars currently circulating in our country converted into gold.
That is to say, the new coins we issue will be exchanged one-to-one with the old silver dollars.
However, as the price of silver continues to depreciate, our government will suffer some losses. " Wen Desi smiled: "This is not a problem.
If you lose, you will lose.
Our government can get it back from foreign countries if it suffers losses.
Ordinary people don't have this ability.
Okay, you can continue to introduce new currencies."
"Okay, now let's take a look at the sample of the new currency."
Liu Yang clapped his hands, and a team of waiters came in.
They all held a stack of hard-cover booklets in their hands and handed one to each participant.
"The official name of my country's new currency is RMB, which can also be called the Hua Yuan.
The unit is Yuan, and the auxiliary currencies are jiao, cents and cents.
Each level is decimal.
There are 13 types of banknotes, namely 1 cent, 2 cents, 5 cents, 1 jiao, 2 jiao, 5 jiao, 1 yuan, 2 yuan, 5 yuan, 10 yuan, 20 yuan, 50 Yuan, 100 Yuan.
There are ten kinds of coins, with different materials.
The highest denominations are gold coins of 10 Yuan, 20 Yuan and 50 Yuan, followed by silver coins of 1 Jiao, 2 Jiao, 5 Jiao and 1 Yuan.
There are three types of copper coins: 1 cent, 2 cents, and 5 cents."
Liu Yang asked someone to open the slide projector and introduce them based on the pictures.
"The material of this batch of banknote paper is mainly short cotton velvet, with a small amount of mulberry bark and other bark fibers added.
The paper is smooth, tough, resistant to folding, has good stiffness, and has a certain resistance to chemical corrosion.
It can be used for a long time.
It is not easy to be damaged after being used for a long time.
At the same time, it has a certain degree of anti-counterfeiting.
The effect is because the sound when the paper shakes is very special.
Without the formula and special papermaking process, it is extremely difficult to imitate this sound."
Liu Yang took out a banknote, held a corner, and shook it vigorously in the wind.
Suddenly a very special "bang" sound was made.
"Seven anti-counterfeiting technologies are used in the printing of banknotes, including magnetic ink, color-changing ink, fluorescent watermark, buried metal wire, three-dimensional relief printing, yin and yang pattern, and micro-engraving, which can guarantee that no one will be able to forge the front of the banknote for at least 20 years.
All patterns are The themes used reflect national development, industrial construction, and various kinds of labor.
The patterns on the back use famous scenic spots in our country.
The patterns and various auxiliary decorations use themes reflecting our country's cultural traditions.
These patterns fully reflect the historical significance of this set of RMB."
Liu Yang introduced.
Wen Desi opened the booklet and saw that the banknotes were all beautifully printed.
The front designs of the 1 cent, 2 cent and 5 cent banknotes were "tractor farming", "car fleet" and "barge transportation" respectively; The images on the front of the 50-cent banknote are "a train loaded with goods", "a teaching aircraft flying in formation", and "a liberation wheel driving through the waves"; 1 yuan, The obverse images of 2 Yuan and 5 Yuan are respectively "Combined Harvester Harvesting Grain", "Steelmaking Plant Discharging Molten Steel" and "Railway Under Construction"; the obverse images of 10 Yuan, 20 Yuan, 50 Yuan and 100 Yuan are respectively "Parade".
"Giant airship formations in the mountains and rivers", "Farms with rolling wheat waves", "Industrial areas with chimneys everywhere", "Wen Dehe announcing the founding of the country on the Fuxing Gate".
The backs of these banknotes are all famous domestic scenic spots that represent the mountains and rivers of the motherland.
For example, the back of 100 yuan is the winding Great Wall, the 50 yuan is the Hukou Waterfall of the Yellow River, the 20 yuan is the Three Gorges of the Yangtze River, and the 10 yuan is Mount Everest.
There are also "Qiantang Tide", "Taishan", "Lijiang River", "Golden Summit Sunrise", "Yellow Crane Tower", "Forbidden City", "Chang'an Ancient City", "West Lake", "Mongolian Grassland", "Tianchi", etc. wait.
The auxiliary decorations and patterns are all traditional patterns with distinctive national characteristics, such as Chinese knots, wishful thinking, cloud water patterns, dragon and phoenix patterns, etc.
The patterns are gorgeous and complex, and are extremely difficult to copy.
This is also to prevent counterfeiting.
On the front of the banknote are the words "People's Bank of China" on the top, "2752 Year of the Republic" below, and below it a row of small characters "1911" representing the AD era.
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"Yes, yes, this set of banknotes is quite well made."
Wen Desi nodded in approval, and then looked at the coins again.
The diameters of the three gold coins are 16, 24, and 32 centimeters respectively, and the pure gold content is 7 grams, 14, and 35 grams respectively.
They are all gold-copper alloys, but the ratio is different. 10 yuan is 7:3, and 20 yuan is 8:2. , 50 yuan is 9:1.
The front is text, with the denomination, bank and year, and the patterns on the back have a clear New Year painting style, including carps jumping over the dragon gate, dragons playing with beads and pandas playing.
As the basic currency, the one-yuan silver coin has the profile portrait of Wen Dessi on the back.
It is also the mainstream practice to use the portrait of the head of state on the basic currency.
The one-dollar silver coin weighs 25 grams, is a silver-copper alloy, and is 90 silver.
The designs on the back of the dime coins are all flowers and animals in the meticulous style, including galloping horses for 5 cents, healthy oxen for 2 cents, peonies for 1 cent, chrysanthemums for 5 cents, plum blossoms for 2 cents, and orchids for 1 cent.
The silver content of silver dimes is different, 90 for 5 cents, 60 for 2 cents and 1 dime.
The cents are all copper-zinc alloy, 60 copper.
The quality of these coins is very good, with exquisite patterns and delicate lines.
Not only do they have patterns on the back, but there is also a circle of traditional-style patterns surrounding the text on the front.
They look very good-looking.
"Yes, yes, this set of coins is also quite exquisite."
Wen Desi nodded in approval.
Others were also satisfied, and it was unanimously approved soon after.
Liu Yang went on to introduce: "These gold and silver coins are actually just a transitional one, because the general public still lacks confidence in paper money.
At present, these coins still need to be used as a top.
In the future, all coins will not use precious metals."
"How much is the circulation?"
Wen Desi asked. "1.5 billion yuan in banknotes, 300 million yuan in coins" Zhang Lizheng asked: "Chairman Liu, if there is a gold standard, what will happen if someone maliciously attacks our economy and uses banknotes to cash out gold in large quantities?
Do we have enough gold?"
Liu Yang said: "Although we have adopted the gold standard, it is a restricted gold standard.
First of all, you must apply in advance to exchange for gold, and you cannot freely exchange it.
Secondly, it is prohibited to carry gold products out of the country.
This is to prevent the loss of reserves. necessary measures” He smiled and replied: "As for whether our reserves are enough, I can answer, it is more than enough."
"Okay, let's arrange mass production immediately and start the official release next month."
Mr.
Wen finally made the decision
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