Even official silver in the Great Xia Dynasty varies slightly in purity. If a merchant deposits high-purity snowflake-patterned silver in the capital, he might receive a pile of miscellaneous broken silver in Hangzhou. Although the weight is the same, the value is vastly different.
Nowadays, the Da Yuan Qian Zhuang (大官钱庄) first exchanges the broken silver into Da Yuan silver coins, and the final payment is also made in Da Yuan silver coins, so there will be no disputes at all.
"Then I'll exchange it for you. Your currency is very sought after!"
"Please wait a moment, Your Majesty, while the servants count the silver. I will issue you a receipt immediately!"
Manager Mu's men quickly counted the silver, all of it being the highest quality official silver.
"Your Majesty, please look at this exchange list. Your silver is all official silver, and it should be exchanged at a 1:1 ratio. Would you like to exchange it?"
"If all exchanges are done this way, wouldn't your money exchange be losing money?"
Wang Yushi flipped through the exchange booklet, which listed in detail the exchange rates of gold, silver, and even copper coins of various purities to the three currencies of the Da Yuan gold, silver, and copper. Without exception, all of them were much higher than the market price.
The Daewan coins did not flow directly into Daxia in recent years, but as Daewan merchants brought back Daewan coins from Japan, Korea and even Southeast Asia, these exquisite coins with standard purity and weight became popular among Daxia merchants and people.
Although the weight of a large silver coin is less than eight mace, it can be exchanged for one to one tael of official silver in the market. As for broken silver, the price is even more outrageous.
"Your Majesty, you may not know this, but my lord said that doing things conveniently for others is doing things conveniently for oneself. These large coins are created for convenience, not for profit."
"oh!"
Wang Yushi nodded noncommittally. Was Qin Mo someone who didn't care about profit? He really didn't care about money when it came to himself, but to say that he would suffer losses when doing business with others? That was absolutely impossible.
Wang Yushi felt that something was wrong, but she still couldn't figure it out even after she left the money exchange with the receipt in her hand.
As soon as the Empress Dowager left, the merchants who had been watching outside crowded in, eagerly asking, "Does your money exchange for high-ranking officials' coins? Silver or copper coins are both acceptable!"
Shopkeeper Mu smiled and said, "Of course we'll exchange them. Otherwise, how can we exchange silver of different purity?"
"Is it okay if I don't transfer the money elsewhere after exchanging the currency?"
"Of course, that's possible. Here's the exchange form. Please take a look..."
"I'll exchange ten thousand taels..."
"I'll exchange 35,000 taels..."
"Get out of the way, get out of the way! I want to exchange for 100,000 taels..."
Even though Ren Wangyu was extremely intelligent, he couldn't understand why Qin Mo's ultimate goal wasn't remittance but...exchange.
She didn't know what "the right to issue currency" was, let alone the meaning of that exchange book.
Today, the exchange rate between the official silver coin and the government silver coin is 1:1, but in the future... that may not be the case!
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