The circulation of Ming Dynasty banknotes is mandatory by the government, but its implementation is not smooth and it is difficult to circulate among the people.

The Daming Baochao uses mulberry paper as the printing material, with a length of about 36 centimeters and a width of about 22 centimeters, making it the largest banknote in history.

The reason why the Ming Dynasty promoted this type of paper currency was not for the convenience of silver circulation, but mainly due to the lack of copper mines.

In fact, at the beginning, the currency used by the Ming Dynasty was still copper coins, but if new copper mines were not discovered, new copper coins could not be minted, and the market circulation was insufficient.

So, the official issued this currency, with denominations ranging from 500 wen, 400 wen, 300 wen, 200 wen, and 100 wen.

It is always equivalent to 1000 copper coins or one or two silver coins.

Four guan is equal to one or two pieces of gold.

Small transactions still use copper coins.

Zhu Yuanzhang had a more ideal idea, believing that as long as standards were set and strict criminal laws were used to constrain the public to enforce them, the people would gradually accept them.

He explicitly prohibited the use of money for transactions or bartering among the people, and only allowed the use of this type of Da Ming treasure banknote.

However, issuing paper currency is tied to gold and silver, and can only be freely exchanged on this basis.

The treasure banknotes of the Ming Dynasty have essential differences from the paper currency of the Song and Yuan Dynasties, as they do not have gold or silver linked to them!

This means that the Ming Dynasty treasure money has actually become a tool for the government to extract wealth from the people through red fruits!

For example, a person holding one or two silver coins can exchange them for Ming Dynasty treasure notes according to the official ratio, but if they want to exchange paper money for silver, the official does not allow it!

In the early Ming Dynasty, the war did not completely end. When it comes to war, money must be spent, and when it comes to printing Ming Dynasty banknotes, the unlimited issuance of paper currency only leads to one consequence, which is inflation!

During the 30-year reign of Zhu Yuanzhang alone, the value of Ming Dynasty banknotes depreciated to one tenth of their original value!

That is to say, the original one yuan was only worth 100 wen!

The common people exchanged one or two silver coins for a piece of paper, but 30 years later, this paper was only worth 100 wen. This situation directly undermined the confidence of the common people in the Ming Dynasty's treasure banknotes.

So, the public is very averse to the Ming Dynasty treasure banknotes, whether it is ordinary people, landlords, merchants, or officials.

Now, the Da Ming banknotes have shrunk a lot, and these 200000 Da Ming banknotes have too much moisture!

Moreover, even if the Seventh Prince obtains this 200000 Da Ming treasure note, it would be very difficult to spend it.

Because most merchants are very averse to the trading of Ming Dynasty banknotes, it is as difficult as climbing to heaven to exchange real gold and silver for this piece of paper.

Merchants prefer private underground banks that circulate flying money.

This kind of flying money can only be exchanged for real silver.

The current banks are still subject to constraints and suppression.

But due to the existence of a huge market, smart merchants still built underground banks.

It often appears in the form of a regular store, but can realize the exchange between currency and gold and silver.

This kind of credit far exceeds that of the government and is deeply loved by ordinary people, businessmen, and even officials.

Even the pile of flying money handed over to the Marquis of Jiangyin by Zhu Cha was obtained through exchange at an underground bank.

In daily procurement and various usage scenarios, it is very convenient, but on the contrary, the official issued Great Ming banknotes are not easy to spend.

But if you say that the Ministry of Revenue did not execute Zhu Yuanzhang's will, it is also wrong. Isn't the Ming Dynasty treasure money money money?

This is the only officially recognized currency, who dares to say no? Even the Seventh Prince can only silently eat Huanglian and swallow bitterness in his stomach!

Jiangyin Marquis received 200000 Da Ming treasure banknotes, his face turned green!

Bullying too much! Bullying too much

The ten thousand taels of silver given by Zhu Yuanzhang before, although also a precious banknote of the Ming Dynasty, was at least given in excess. After conversion, it can indeed be used as ten thousand taels of silver.

But the Ministry of Revenue played this trick and only gave 200000 taels of Da Ming treasure banknotes. Isn't this bullying?

In addition, the news of the complete failure of the marriage between His Royal Highness the Prince of Qi and the daughter of the Wu family in the capital city made the old man feel even more angry about leaving.

So the old man waved his big knife and wildly chopped at the big tree in the manor.

Zhu Cha shook his head as he watched.

My father-in-law is too angry.

But now he has no time to comfort his father-in-law because he has bigger troubles to deal with.

The court demanded the destruction of all potatoes and strictly prohibited the sowing of potatoes again, completely disrupting his plan.

Tie Xuan has ordered all prefectures and counties to immediately destroy the potatoes in people's homes, and at the same time, to dig up the potatoes being harvested in the fields and destroy them.

This is taking the lives of the common people!

The entire Qi region, although not affected by the severe drought and natural disasters of the Three Jin Dynasty, encountered man-made disasters.

The people of Qilu are in mourning.

Zhu Cha received 200000 Da Ming banknotes and gave his father-in-law tens of thousands of newly received flying money, asking him to work on building the Qi Wang Mansion first. He himself instructed the caravan to use these 200000 Da Ming banknotes to secretly purchase surplus potatoes from landlords and farmers.

How much can be bought, calculate how much!

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