Taifu Siqing took a thick notebook and reported to the emperor the financial report of the empire for the new quarter, and the empire's finances were very good and there was no deficit.
Moreover, there is a very good balance, especially with the output of the three major gold, silver and copper mines of the Empire, namely the Denlai Gold Mine, Iwami Silver Mine, and Besko Copper Mine, the materials of the Imperial Mint are now quite abundant.
The mint shop mints metal coins day and night.
"It is expected that the annual output of gold in the empire will reach one million taels this year, the annual output of silver will reach three million taels, and the annual output of copper will reach more than three million catties."
Dahua uses copper coins as the main currency, gold and silver coins as auxiliary coins, and also issues banknotes for circulation.
Paper money is a currency, but it is only a substitute for metal money, and it still relies on the credit that can be exchanged for gold, silver and copper coins at any time.
In the past, the output of gold, silver and copper in the Central Plains has been very low, although thousands of years of precious metals have been accumulated, but it is still a long-term money shortage, and the currency is insufficient.
After the issuance of banknotes, it was barely able to solve some of the money shortage problems.
During the Sui and Tang dynasties, the annual gold mining volume was only about 10,000 taels, and the output of silver was also extremely low, even if it was copper, it was not high.
Now, Dahua's exploration and mining technology is constantly improving, and gold, silver and copper mines are constantly discovered in various places, and the mining intensity has also increased greatly, especially the discovery and mining of these three super giant mines in the past two years, which makes Dahua enter a new situation where there is no shortage of gold, less silver, and no copper available.
Gold, silver and copper are all precious metals and even natural currencies.
This is not like a paper money that relies entirely on credit, the paper money itself is worthless, but gold, silver and copper are natural currency, even if it leaves the territory of the Dahua Empire and goes to a foreign country, it can also be used as currency.
A year's output of one million taels of gold, three million taels of silver, and up to three million catties of copper.
This is a very alarming number.
With so much gold, silver and copper, how much money can be minted The gold and silver coins are only eighty percent of the content, which means that the gold and silver mined every year are minted into gold and silver coins, and more than one million gold coins and more than three million silver coins can be minted that year.
One gold is now worth five silver or twenty copper coins, that is, more than 20 million guan of gold coins and more than 10 million guan of silver.
More than 3 million catties of copper, there are also a large number of copper coins, copper coins with denominations of two and five yuan, a copper does not contain much, so much copper, at least more than three million yuan can be cast.
In total, a year's gold, silver and copper mining can be used to mint coins, and more than 30 million copper coins can be obtained.
This is only one year, and if there are so many every year, it will be more than 300 million in ten years.
Dahua is now thriving in trade and industry and commerce, but its total economic output is only billions at most.
It can be said that such a large amount of gold, silver and copper mining will soon completely change the problem of money shortage, and may even bring about too much currency, which in turn will lead to rising prices and inflation.
Less money is sad, and now more money is just as sad.
It was also a trouble for the imperial court to obtain so much gold, silver and copper.
Although these gold, silver and copper mining did not belong to the imperial court, taking the three major mines as an example, they were all private investments, recruiting equity capital to build mines.
The imperial court collected contract fees, mining taxes, and corporate income taxes from them, and the rest was owned by the merchants and shareholders of the mines, and the gold, silver, and copper they produced, except for the part that was paid to the mining tax, the rest was purchased by the government at the purchase price.
Therefore, to get these precious metals, the imperial court has to spend a lot of money a year.
Of course, the imperial court changed hands and minted into currency, and the profit from coinage could reach 10%.
A profit of 10% was made when it changed hands, that is, at least more than 3 million yuan, and these precious metals became currency, part of which was used to pay the miners for the purchase, and the rest went into the treasury.
The money from the treasury is then transferred to the bank and put into circulation, and it can be lent and collected at interest.
The money will roll in more and more.
Taifu Siqing thought that there would be no shortage of money in the future, and he was very happy.
But Emperor Zhang Chao began to think about another problem, the Spanish discovered many silver and gold mines in the Americas in history, and countless gold and silver were shipped back every year.
However, Spain, which had dug up countless gold and silver, did not become strong for too long, but quickly weakened, but achieved the rise of Britain and France.
The reason for this is that a large amount of gold and silver flowed into Spain, causing the royal family and nobles and those big merchants to begin to profligate and extravagant, and these gold and silver did not benefit the common people, but because of the influx of gold and silver, the price of goods was too high, and the people's lives were more difficult.
After the Spaniards had money, they did not develop their own industries, but blindly went to Britain and France to buy, buy, buy, and take the orders and money of the Spaniards, and slowly developed their own basic industries, and finally this strong industrial manufacturing capacity has achieved their rise to the road.
So, sometimes it's not a good thing to have more money.
Too much money chasing too few commodities will inevitably lead to inflation.
Of course, you can't do it without money.
"Your Majesty" Taifu Siqing saw that the emperor was wandering outside the world, and he didn't see him back to his senses after waiting for a while, so he had to call in a low voice.
"Hmm."
Zhang Chao finally came back to his senses.
"Aiqing, I think that since the imperial court has banknotes, it has actually become much less dependent on the demand for currency.
In the past two years, the imperial court has recycled old coins, reminted and issued new coins, and so far, many coins have been issued."
Taifu Siqing, as a big housekeeper in charge of finances, is of course very aware of this.
He knew the numbers by heart, and he almost blurted them out.
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"Your Majesty, since the founding of Dahua, the circulation of old coins has been banned, and all of them have been recycled and reminted for new coins to be issued.
Copper coins are issued in two and five coins, while gold and silver coins are issued in one yuan.
In addition, paper stamps that can be exchanged for gold, silver and copper coins at any time are issued and circulated in the city.
Thanks to the gold, silver and copper reserves of my Dahua, as well as the coinage technology.
In the past three years, a total of 30 billion copper coins have been minted and issued, and 20 billion copper coins have been minted and issued.
There are 5,000,000 gold coins and 50,000,000 silver coins. ” What Taifu Siqing said is an integer, but the number is still very amazing.
You must know that in the Tang Dynasty, there were 100 coinage furnaces in various places across the country, and each furnace minted only about 3,000 yuan a year, and the total amount of copper coins minted in the country in a year was only about 300,000 yuan. 300,000 copper coins, but only 300 million copper coins.
In less than three years, Dahua has obtained a large amount of materials by recycling old coins, and has minted more than 10 billion copper coins every year by using the advanced coinage technology that has matured at the time of Zhenguan.
This is dozens of times the amount of coinage minted in the early Tang Dynasty.
The amount of coinage is higher, because Dahua's copper coins do not have one penny of copper coins, but two and five of them, making these more than 50 billion copper coins actually worth more. 160 billion copper coins, that is, worth 160 million guan, three years is equivalent to the amount of currency minted in the early Tang Dynasty for 500 years.
That's not to mention the more than 5 million gold coins and 50 million silver coins minted.
Five million gold coins are worth another 100 million yuan, and 50 million silver coins are worth 200 million.
The amount of gold, silver and copper coins minted in three years reached 460 million yuan.
And the banknotes were also issued 200 million.
In fact, this is not all the total amount of Dahua's currency, because although Dahua ordered the recycling of old money, this recovery also gave a time limit, and it was not immediately banned from circulating old money, and a large amount of currency was still in use.
Even in some remote places, gold and silver are still directly weighed and traded, and in some places, they still use the five-baht money of the Han Dynasty.
With so much gold, silver and copper currency, as well as a large amount of gold and silver reserves, Dahua can actually use this as a reserve to issue more banknotes.
After all, today's trend is that everyone is more and more accustomed to using paper money, paper money transactions are convenient, the smallest denomination of copper coins are two pennies, and paper money not only has a penny, and even half a penny denomination, which greatly facilitates the usual life of small use.
Banknotes are not only available in small denominations, but also in denominations of 100 wen.
For larger transactions, you can transfer money directly to the bank, or use a check from the bank, even if it is gold or silver coins.
If a year's gold and silver production is used as a preparation for the issuance of gold, 30 million pieces of gold and silver worth can be directly issued 150 million banknotes.
With the current gold and silver reserves, even if the imperial court issues one billion or two billion banknotes, it is possible.
"In the future, I don't need to use all the gold and silver to mint coins, I think that about one million gold coins and five million silver coins will be minted every year, and then two and five copper coins will be minted five billion each."
This amount is equivalent to 40 million guan of gold and silver coins, and 35 million guan of copper coins, with a total value of 75 million guan.
"Another 35 million banknotes are issued every year."
As a result, the total amount of currency issued per year is 100 million.
"Your Majesty, what about the rest of the gold and silver?"
"Part of it is used as a reserve for the issuance of banknotes, and the reserve is directly minted into gold bricks and stored at a ratio of one to five.
Some of the rest can be sold to the private sector for gold and silver jewelry.
For the rest, I have other uses. ” Dahua's current gold and silver production is indeed very large, from a lack of gold and silver, to suddenly become a major gold and silver producer.
It can even be said that Dahua's gold and silver production may now account for the vast majority of global production.
In Europe, the ratio of gold to silver was between 1 to 10, so the ratio of gold to silver in Rome was between 1 to 1 to 13, while in the Franks, the ratio of gold to silver was higher because of the higher production of silver and the fact that a lot of silver could be obtained from the barbarians.
However, Dahua's current gold-silver ratio is only 1 to 5.
Dahua's silver is much more expensive than European silver, two or three times more expensive.
If you take Dahua's gold to Europe and cash out silver, you can get more silver back.
However, now that Dahua's silver production is so high, it does not need to import silver, but Dahua can export silver.
Dahua's gold production is also high now, and it is still profitable to take gold to Europe to set silver, and then exchange it for various materials, such as slaves, furs, minerals, etc.
You can even borrow money from European countries, and when you borrow money, you can make a lot of money by asking them to settle in silver.
If you have money, you can go to Europe to buy and buy, buy land and buy slaves, buy what you have, and come back with whatever you have, as long as you buy all the resources, you will never lose, get these resources back, and process them in the Central Plains, and then you can sell them back and make a profit.
Zhang Chao pinched his chin, feeling that he didn't lose anything about it. t1706231537: