But they were not small-denomination notes, but those worth five or ten strings of cash.
Together with the Mongols who came from Zhangjiakou in the north, the Liao army had gathered about 400,000 troops two months after the war began.
In this confrontation, time passed day by day.
However, most of the time, the Liao soldiers were shot down by the Song soldiers at a great distance, and they could not get close at all. As a result, many Liao soldiers were afraid of Song firearms. Once the scouts of the two sides met, the Liao soldiers would often turn their horses and run away from a great distance, not giving the Song soldiers time to pursue them.
This is very similar to the scene before the Battle of Guandu between Yuan Shao and Cao Cao.
This concerns the economic development of the Song Dynasty and cannot be taken lightly.
To this end, Fan Zhongyan mainly adopted the strategy of gradually encroaching on the territory and constantly harassing the surrounding Liao territory. At least for now, the entire southern part of Xijin Prefecture has been occupied by the Song army.
Liu Liufu was an exception. Although he was dismissed by Yelu Zongzhen, Zhang Jian still admired his abilities. Therefore, he was always qualified to participate in the highest meetings and knew many military secrets.
He intends to officially issue paper money.
"Yes, I'll send someone to tell the Ministry of Foreign Affairs to submit the plan before the New Year."
But as time went by, the number of Liao troops was increasing.
At the same time, exquisite paper money was made of cotton, linen, silk and other items, with values of five and ten strings of cash.
Therefore, it is very important to develop a monetary system that can handle small and medium-sized transactions.
But in general, the Liao people suffered greater losses. The casualty ratio once reached fourteen to one. Fourteen Liao people had to be killed or injured to result in the death of one Song soldier.
Zhao Jun said, "The real growth rate hasn't been put on the agenda yet. Once heavy industry, light industry, construction and other industries develop and get on the right track, the growth rate will be as fast as a rocket. An annual increase of 20 to 30 percentage points is normal, but that will only last for a short time. Without external financial support, continued internal consumption will only lead to further shortages."
But now Fan Zhongyan had no chance to give the Liao army the chance to burn his food and grass - the Liao army couldn't even get out of the city, let alone food and grass, they couldn't even touch the edge of the camp.
They will help whoever wins, this is an unchanging truth since ancient times.
"Well, the effect is still very obvious, but I think things will get a little pessimistic starting from the first half of next year."
Moreover, even the Song army in Yunzhou was already fighting with the Liao army in Datong. The offensives on both sides were in full swing and progressed very rapidly.
Because the end of each year is the time to summarize the work of the previous ten months, including this year's policies, reports from various departments, development status of various sectors, fiscal expenditure surplus, etc.
Therefore, Fan Zhongyan often needed to screen these messages and make his own judgments by combining them with the intelligence obtained by the Song army's own scouts.
After all, at that time, Xijin Prefecture was subject to very strict investigations according to the principles of the war official system. Except for the interactions between the brothers Liu Siduan and Liu Liufu, which were not likely to arouse suspicion, any unusual movements of other officials would often be investigated.
Most of them were stationed in Guihua, Khan, Shunzhou, Danzhou, Jingzhou, Jizhou and other counties behind Xijin Prefecture, which was almost the area from Zhangjiakou to Beijing Changping, Huairou, Miyun, Sanhe and other areas in later generations, in the surrounding areas of Xijin.
The weather in December was even colder, and because of the heavy snow, it was difficult for the Song army to dig trenches. Although they were still working, the workload was much less.
When Yelu Zongzhen chose to go to war, in order to prevent the Song people from discovering the clues, he immediately chose to send his troops to Xijin Prefecture first, and then mobilize troops from other ethnic groups.
This huge disparity in the casualty ratio was due to the Liao people's possession of grenades. Since Yanyun and other areas had not been developed so well at that time, with a population of about 300,000 households, or almost 1.5 million, the damage to the natural environment was not serious, so there were many forests in the Yanyun area at that time.
With so many things, big and small, piling up, plus the need to summarize the work of the whole year at the end of the year, it is obviously not a simple task.
"This shouldn't shake the foundation. Brick and cement factories are popping up everywhere. Over 300 companies have registered in Gyeonggi-ro alone this year. Once the money is used, the economy will accelerate, and domestic commerce will likely prosper even more."
Then there were various official exchanges.
Yelu Zongzhen had actually noticed the problem of people's unrest, so after discussing with Zhang Jian and other trusted ministers, he made certain military adjustments.
As he spoke, he suddenly remembered something and slapped his forehead, saying, "Oh right, now that the First Industrial Revolution has occurred, it's almost time to start using paper money. We need to start improving the monetary system and determine the value of currency. Otherwise, relying solely on copper coins and Jiaozi will still hinder the development of commerce."
Xia Song, who was in charge of finance, had just finished his department's work. Because he had been keeping an eye on the financial matters, and almost every month's expenditures and income had to be summarized, the originally complicated finances were sorted out earlier. Obviously, the growth this year was still quite good.
Transactions of one or two hundred guan would definitely not be conducted using Jiaozi, but two hundred guan is close to 16,000 copper coins, weighing about 1,400 jin, and would have to be loaded onto a cart for the transaction.
In early October, the Song army defeated the Western Xia, annexed the Western Xia Zhuola and Nan areas, and forced Li Yuanhao to hide in Xingqing Prefecture and dared not show up.
However, the number of Liao troops increased dramatically, and the Song army was also increasing its troops.
"That's true. Although ordinary people still use copper coins as their main currency in daily life, Jiaozi, which is guaranteed by Jiaozi shops, is only used as a trading medium for large-scale transactions. However, medium-sized transactions of dozens or even hundreds of strings of cash are now in great demand in the market. However, carrying dozens or hundreds of strings of cash on your person is still very inconvenient."
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