Empire's Rise: Starting by Building a Fiefdom and Forging a Steel Dynasty!

An accident caused Li Xin to transmigrate to another world, becoming the third prince of the Great Gan Dynasty.

Looking at his fiefdom, which was covered in thousands of miles of ice and snow...

Chapter 248 The Money Bureau

After Hu Xueyong left, Li Xin continued to think about money.

In the capital city today, most shops on the streets use copper coins to buy and sell goods.

The majority of what ordinary people possessed were copper coins.

Only the Tiger Legion soldiers and the newly relocated workers from various bureaus had banknotes.

In the market, most of the shops that accept banknotes are old shops in Dongning, such as Qingyu Trading Company and Sunji Trading Company.

This situation needs to be changed.

The shop issue is easy to handle.

After all, under the orders of the imperial court, the lower levels followed suit, and as long as the shops could spend the money they received, they were still willing to accept it.

The same applies to ordinary people.

As long as the money is worth the price, people naturally wouldn't want to carry such heavy copper coins with them every day.

For some merchants, especially those traveling between the north and south, carrying hundreds of kilograms of copper coins each time was too cumbersome.

These people are also the biggest potential customers for banknotes.

Once merchants, shops, and the general public accept it, the implementation of currency will be a natural progression.

However, the biggest problem now is that there are still too few banknotes in the capital.

The vast majority of banknotes circulating in the capital were printed in Dongning.

Moreover, the ticket design was simple, only showing the amount, pattern, and the seal of the Prince Xin's Mansion.

Now that we've entered the capital, the scope of the currency's circulation has expanded, so it can no longer be so rudimentary.

Immediately, Li Xin decided to establish a banknote bureau in the capital to be specifically responsible for printing banknotes.

He also decided to improve the Dongning banknotes.

In addition to the amount, different patterns and designs are marked on the tickets.

The printed content was also changed to color overprinting.

The seal on the banknotes was also changed to the seal of the Ministry of Finance and Taxation of the Great Khan State.

This is the second edition of banknotes.

The second edition of banknotes also came in seven denominations: one coin, five coins, ten coins, fifty coins, one hundred coins, five hundred coins, and one string of cash.

After the design was completed, Li Xin handed the new banknotes over to the banknote bureau and instructed them to begin engraving and printing.

After searching through smart technology resources, Li Xin gained an understanding of future financial systems, currency, and other industry knowledge.

Based on later experience, the second edition of banknotes was used simultaneously with the first edition after its release.

Furthermore, in order to ensure the stability of the currency value, banknotes and copper coins were used simultaneously.

Furthermore, the banknote bureau will establish designated agencies specifically responsible for exchanging banknotes for copper coins.

You can take copper coins or exchange them for banknotes.

You can also exchange banknotes for copper coins.

The purpose of doing this is, of course, to ensure the stability of the currency value.

In addition, designated institutions of the banknote bureau will also be responsible for recalling the first edition banknotes.

Li Xin spent three or four days designing this entire process before a draft was formed.

However, there is currently no qualified personnel to oversee the affairs of the banknote bureau, so Li Xin has no choice but to take charge personally.

The banknote bureau was located next to the palace.

Several warehouses that originally belonged to the Imperial Household Department were also requisitioned to serve as the premises for the banknote bureau.

Li Xin also searched for new printing and overprinting technologies in the field of intelligent technology as unique anti-counterfeiting printing for banknotes.

Once everything was ready, the banknote office began its work.

Li Xin would come to the banknote bureau from time to time to check on the progress, and his days were quite fulfilling.

...

Besides the affairs of the banknote bureau, Li Xin was particularly concerned about recruiting soldiers.

Since the militia work teams from Liaodong and Dongning arrived outside of Beijing and Zhili, the land allocation work here has been progressing exceptionally quickly.

In particular, the capital, eastern Hebei, and Baoding Prefecture were among the first to complete the redistribution of land.

In these areas, many large landowners had close ties with government officials, so their land was directly confiscated and redistributed.

The people who received the land were overjoyed.

Some people who had originally planned to venture to Northeast China settled down in their hometowns to cultivate the land and manage their own farmland.

The people who had regained their land were extremely supportive of Li Xin and the imperial court.

Therefore, the people did not object much to the recruitment of Tiger Warriors.

Three meals a day, with meat at every meal!

Food and lodging are provided, along with military uniforms, bedding, and weapons!

The monthly salary is three strings of cash!

The high military pay and generous benefits fueled the people's strong desire to join the army.

The old idea that "good iron is not used to make nails, and good men do not become soldiers" has gradually faded away.

Raise the recruitment flag, and people will naturally come to eat!

The six recruitment offices in the capital alone were packed with people every day.

Even on days when wind and snow were raging, the people's enthusiasm remained undiminished.

However, Li Xin and Wei Dahai did not slack off in the recruitment process.

Those who can read and write will be given priority.

Those who are strong and healthy will be given priority.

Especially for newly recruited soldiers, those who cannot pass basic training will still be laid off.

However, for the people near the capital, most of them are experienced farmers and able-bodied laborers. They can grit their teeth and endure the hard and tiring training!

In a short period of time, the Tiger Legion recruited nearly 20,000 new soldiers.

These new recruits began rigorous training in newly built training grounds around the capital.

"One, two, one! One, two, one! One, two, three, four..."

Loud slogans echoed throughout the drill ground.

Walking along the edge of the training ground, watching the new recruits training enthusiastically inside, Li Xin smiled.

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