Fortunate enough to transmigrate, and born into a landlord's family, I will never lack food or clothing in this life, yet I don't want to just drift along. So, Fu Xiaoguan casually did a fe...
The days passed in Fu Xiaoguan's daily busy life, and in the blink of an eye it was the first day of September.
It is autumn again, which is the best time to watch the clouds at Guanyuntai.
In the evening, the sky was filled with sunset glow, and Fu Xiaoguan invited three prime ministers to come to Guanyuntai.
The golden sunset shines on the rolling sea of clouds, which are surging with smoke and changing in countless ways. It is truly a peerless beauty.
Fu Xiaoguan looked at the sea of clouds carefully, thinking that not many people in the world knew that there was the most mysterious Tianji Pavilion under the sea of clouds.
He had been to that place and found it truly mysterious. He also had no idea what kind of genius the first person to establish the Tianji Pavilion was.
"At the court meeting today, the Ministry of Rites stated that those seven countries have established diplomatic relations with us, and Daxia has also established embassies in these seven countries."
Fu Xiaoguan withdrew his gaze, brewed a pot of tea, and continued, "The Ministry of Commerce has also sent people to the embassies of these seven countries. Our merchants from Daxia have reportedly also been bringing their goods there one after another, but they have encountered some difficulties in promoting Daxia silver notes."
"This matter should have been discussed among the three provinces to determine a strategy. I've thought about it and decided we should first come up with a solution. How do you think we can break this situation?"
Because the economic conditions of each country are different, and the world still does not have such a thing as exchange rate, it is really troublesome to establish such a thing. Fu Xiaoguan does not want to bother with this matter anymore.
What he wanted was to simply and crudely allow the Daxia currency to circulate in various countries as the general equivalent of commodities. Whether Daxia's commodities were sold to these countries or these countries' commodities entered Daxia, all settlements would be made in Daxia's currency.
This clearly smacks of currency invasion, and even these seven countries, which are vassal states of Daxia, are not very willing to do so. They believe that if this continues, with the strength of Daxia's economy and its currency, it will not take more than a few years for their own currencies to become worthless and even fade out of everyone's sight.
Meng Changping also disagrees with this.
"Your Majesty, when our dynasty sells goods to other countries, we receive their currencies in return. We can use this currency to purchase goods from those countries. Why must we unify?"
Fu Xiaoguan poured tea for the three ministers, thought for a moment, and said, "Because we may be doing business with dozens of countries in the future. If the currencies of dozens of countries enter our country, our currency system will be in chaos."
"I invited you here today not to discuss whether this method is right or wrong, but how to implement it."
This sentence set the tone for the matter, and Zhuo and his three companions realized the importance of this matter.
"I think there are only two possible solutions. One is to use force. Send an army corps over there, and they'll have to agree even if they don't agree. The other is to persuade them, have the Ministry of Commerce and the Ministry of Rites send more people over there to explain the stability of the Daxia currency and assure them that it can circulate in various countries. This...maybe a solution can be found, but it will take a long time."
Fu Xiaoguan nodded and looked at Nangong Yiyu. Nangong Yiyu stroked his long beard and thought for a moment before saying, "Your Majesty doesn't want too much currency to cause chaos in our country. The Ministry of Commerce and the Ministry of Rites have written to us saying that our products are extremely popular in those countries, especially among the nobles."
"Since they are worried that our currency will dominate their market, why not use gold and silver as the price? Our goods sold to them must be traded with gold and silver, and their goods sold to us must be traded with our currency."
"This way, our merchants will receive gold and silver in exchange, which they can exchange for an equivalent currency at the Daxia Bank. Merchants from other countries will come to our dynasty and receive Daxia's silver notes. These silver notes will eventually flow back to their countries. Perhaps before they know it, our currency will gain a foothold in those countries and become the main currency in circulation."
When Fu Xiaoguan heard this, his eyes suddenly lit up.
This idea is good!
Gold and silver acted as general equivalents in transactions. These were precious metals, and no country or dynasty would ever have too much of them.
In fact, Nangong Yiyu's strategy is to let gold and silver play the role of exchange rate. Daxia's goods are exchanged for equivalent gold and silver. These gold and silver will inevitably flow back to Daxia and then be converted into Daxia silver notes for circulation.
As long as Daxia's monetary system strictly controls the amount of gold and silver, especially gold, it will be healthy and stable.
As for the Daxia currency that flows to other countries, it is exchanged for goods from other countries and will not threaten the security of the Daxia currency.
He put down his teacup. "I personally think Nangong Yiyu's suggestion is sound, but the Ministry of Revenue should pay attention. All the silver that flows back must be circulated as currency again and counted in the total currency volume. All the gold that flows back must be put into the national treasury for unified management."
"The amount of currency released into the market must strictly increase or decrease according to Daxia's gold reserves. Another factor to consider is the market's prosperity."
"When the market is on the rise, the money supply can be appropriately loosened. When the market is on the decline, that is, when goods are not selling well, the money supply must be tightened to avoid causing the collapse of the national economic system."
"Nangong Yiyu will preside over an economic meeting tomorrow regarding this matter, inviting officials from the Ministry of Commerce and the Ministry of Revenue to attend. Of course, if anyone can come up with a better solution, that should also be included in the discussion. I want one conclusion—no matter what, the Great Xia currency must dominate this world."
Debate-style discussions like today's have become a daily routine for officials in Daxia. Even for major national policies, except for those proposed and led by Fu Xiaoguan himself, other departments are accustomed to passing them through discussion.
Everyone is used to it, and Fu Xiaoguan thinks this is a very good thing.
His Majesty has already expressed his opinion on the conclusion of this matter today, and the matter has basically been settled. The atmosphere became relaxed, and the four of them, the emperor and his ministers, talked about romantic matters.
"Yesterday, the Far East Governor and Pacifier Tsuruta came to discuss the Far East's teaching problems. The new textbooks have been implemented in the Far East, but the teaching staff are insufficient. Your Majesty, this is a serious matter. In fact, it's not just the Far East, even the inland areas of Daxia are seriously short of teachers. I'm thinking of opening a special course in mathematics, physics, and chemistry to train a group of students. What do you think?"
"That's a good idea, we need to do it right away."
"Also, Tsuruta said that the daughter of the Far Eastern Governor Fujiwara Akira was called, I think, Fujiwara Norihiko? She was unmarried but pregnant and gave birth to a baby girl... This sort of thing is supposed to be immoral, but old Fujiwara Akira wasn't angry at all; he was actually delighted. Don't you think the Far Eastern Governor's education has a long way to go?"
Fu Xiaoguan was shocked and couldn't respond.
This is really bad news. We have to send Liu Jin to take a look.
At this moment, Ji Yungui came over, bowed, and handed Fu Xiaoguan a note: "According to the spies of the Tianji Pavilion, Miss Yinghua and Her Royal Highness the Princess left Jinling by boat."
"Where are they going?"
"I don't know yet, but... the princess sold the property in Nanshan Villa and took away a shipload of gold, silver and jewelry."