Warlords: I just made a little fortune, but I didn’t build a country.
Chapter 161 The Path to Economic Development
The morning light was just breaking, and the sunlight poured down like a golden waterfall. A blush appeared on the horizon, which contrasted with the brilliant sunshine.
After a simple breakfast, Qin Lin came to the conference room of the Ministry of Finance.
In the conference room, the four bank presidents, the Minister of Economy, the Minister of Finance, and one of the eight cabinet ministers, a total of seven officials were waiting for Qin Lin's arrival.
“They all came quite early.”
Qin Lin walked into the meeting room, sat at the first seat and asked, "Why did you call me back in such a hurry, saying that there was a big economic problem? What's going on?"
"Let me tell you."
Minister of Economic Affairs Su Yucheng said, "The young commander established our Ministry of Economic Affairs mainly to promote economic system reform, plan major project construction, and formulate national and socio-economic development strategies."
"We have recently discovered that most of the key economic regions, such as Hokkien and Quang Hai Province, have experienced monetary tensions that have led to economic stagnation and even affected regional economic development."
"So my economic department has calculated and investigated and found that the economy in the area under the jurisdiction of our Qin family has ushered in a great development, so this situation has occurred. The solution is also very simple, which is to issue currency."
After hearing the question, Qin Lin thought for a while and said, "I had this idea before, to change the current currency system, because once the economy soars, we can't mint tens or hundreds of billions of silver dollars. This is not realistic, and our Daqian country's currency is also very complicated and needs to be unified."
"A unified currency?"
Minister of Finance Qian Beikun said, "If we want to unify the currency, then we need to issue a new type of currency. If so, this is a major project!"
"Yes."
"I wanted to wait until Daqian was unified before issuing a new currency, but now it seems that I can't wait any longer."
Qin Lin shrugged and said, "I already have a plan for the currency system and issuance, but what I need to know now is, what is the approximate total amount of currency in my Daqian country?"
"According to the calculation."
Among the four major banks, the president of Northwest Bank said, "The issuance of silver dollars can be divided into three periods, namely the Kang silver dollars issued by Emperor Taizu of the Daqian Dynasty, totaling 4.5 million, the Sheng silver dollars issued by the Holy Emperor, 5 million, and the new version of silver dollars that are now in circulation, 9.5 million, a total of 19 billion silver dollars issued."
"There are also paper money. There are many types of paper money, as many as 12 kinds. According to the conversion, it can be converted into about 31 billion silver dollars."
"So, the total amount of currency in my Daqian country is about 50 billion."
Zhou Yongyuan, president of Northwest Bank, said, "Among them, 21 billion are in our four major banks, 16 billion are circulated, and the remaining 5 million are stored in banks. It is estimated that the eight major family private banks have a currency reserve of no less than 15 billion, and the rest are also circulating in the market."
"If we want to issue a new type of currency, we need to issue about 60 billion, and then increase it to 110 billion as the economy promotes and develops."
"so much?"
"not much."
Zhou Yongyuan said, "If the whole Daqian is unified, we will have to issue about 130 billion new currencies to meet market demand. And as the economy grows, we will need to increase the currency by about 80 billion to 150 billion per year."
“It seems that the issuance of a new type of currency is inevitable.”
Qin Lin said, "Before the new currency is issued, you four major banks must also make some changes."
"How to change it?"
“It’s very simple, just find your own position.”
Qin Lin said to Zhou Yongyuan, the president of Northwest Bank, "Your Northwest Bank mainly serves my Qin family, which is the country in the future."
"So the main role is to support the construction financing of major projects, financial services for urban construction and real estate construction, and the development of military construction."
"You should change your name from Northwest Bank to Daqin Bank, increase the construction of your own business, and make the division of labor clear."
"clear."
Zhou Yongyuan nodded in response.
"Dongsheng Bank," Qin Lin said to the president Xu Zhengde, "Your Dongsheng Bank will be renamed Jinshang Bank, providing a wide range of services to all kinds of large, medium and small enterprises, and promoting the development of commercial circulation, industrial manufacturing and other aspects."
"Yes, Marshal."
"There are also rural commercial banks. You mainly support agriculture, rural areas and farmers, agricultural planting, breeding, agricultural processing and other financial assistance, and help the development of rural roads, water conservancy, electricity, communications, deposits, withdrawals and other projects."
"Zunyuan Bank."
Qin Lin said, "Your main business is cross-border finance, providing cross-border settlement, clearing, letters of credit and other international settlement services for enterprises, allowing our Daqian country's enterprises to go global, providing overseas investment, loans, assisting enterprises to expand overseas markets, participate in international economic cooperation, and let our Qin family's economy go global."
"As our territory and power continue to grow, we do need a formalized and complete economic structure."
"And the new type of currency!"
Qin Lin thought for a while and said, "I am a little confused about the name of this new currency. There are several names for your reference. The first is Qianyuan Coin, the second is Hanyuan Coin, the third is Qinyuan Treasure Note, and the fourth, which is also the one I like the most, is Xingyuan Coin."
"As for why I like the Star Coin, it's because the star symbolizes vastness and boundlessness. I hope our economic currency can become the international currency of Blue Star, so I prefer the Star Coin."
"I have already worked out the amount of currency."
Qin Lin looked at the people in front of him and said, "The banknotes are divided into six denominations: one yuan, five yuan, ten yuan, twenty yuan, fifty yuan, and one hundred yuan."
"The coins are divided into seven denominations: 1 cent, 5 cents, 1 cent, 5 cents, 10 cents, 50 cents, and 1 yuan, which can greatly meet our market demand."
"We don't need one cent and five cents, do we?"
The president of Zunyuan Bank said, "This is hardly ever used, right?"
"We still need it," Zhou Yongyuan said. "The current price of rice is 16 jin for one yuan, and one jin is centimeters. The millimeter at the end can be omitted, but the centimeter is still needed."
"You're right,"
Qin Lin said, "The currency will be determined according to this amount. As for the currency pattern, you four major banks will formulate it. As for the machine for printing currency, I will ask the research department to develop a super currency printing machine for you, so that the possibility of counterfeit currency will be zero."
As for the super currency printing press, Qin Lin plans to exchange for a groundbreaking printing press from the technology tree, which will enable no country to have the ability and technology to manufacture such an advanced currency printing press within 30 years.
In this way, the probability of counterfeit money appearing is equal to zero!
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