Chapter 650 Currency Reform Experiment



As far as he knew, the Ming emperor before him never did business at a loss.

What happened today?

Chongzhen said seriously: "As far as I know, the total tax revenue of Shaanxi for the whole year is 1.8 million taels of silver. I have prepared 2 million taels of silver in Shaanxi, which is enough for them to cope with the situation."

"But Your Majesty will lose money because of this!" Fan Jingwen reminded.

Chongzhen smiled generously: "I am the emperor of the Ming Dynasty. My loss of money means that the people are making money. I am so happy that I can't wait."

"Uh..." Fan Jingwen thought for a moment and then remembered the most crucial question: "May I ask what Your Majesty wants me and the cabinet to cooperate on?"

"Let the local government fully support the business of the Ming Dynasty money houses." Chongzhen revealed his true colors.

"For example?" Fan Jingwen began to test.

"Profit from coin minting!"

"Your Majesty, is this the only request?" Fan Jingwen was very surprised.

"That's all for now. As for how much profit to give, you can discuss it with Lu Daqi. Just don't let me lose too much." Chongzhen nodded.

The profit from minting coins was 6%, of which 3% was turned over to the imperial court and the remaining 3% was kept by the local government as a slush fund.

In order to hide his true intentions, Chongzhen deliberately offered concessions on coin minting.

He doesn't care how much profit he makes.

Because his goal has never been the profit from coinage, but the money in the pockets of the local tyrants.

He had previously made some money from the nobles and gentry in the capital by buying and selling copper coins, so he had gained some experience.

Now he is going to do something big in Shaanxi.

Fan Jingwen was very grateful and knelt down in front of Chongzhen: "I thank Your Majesty on behalf of Lu Daqi and the people of Guanzhong."

"You're welcome!" Chongzhen walked forward and helped Fan Jingwen up.

He felt so ashamed that he could not bear Fan Jingwen's kneeling.

In fact, Chongzhen had three purposes for doing this.

First, we need to see if currency reform is feasible! If it is feasible, we will promote it nationwide. If it is not feasible, we will put it aside for now and wait for new opportunities.

After all, practice is the only criterion for testing truth.

The second is to look at the difficulties and obstacles encountered in the actual implementation process and accumulate experience for future national promotion.

The third is to take the opportunity to develop money lending business.

Daming Money House was Chongzhen’s private money house. Although local officials did not dare to offend the money house, they also did not dare to do business with it.

The behavior of local officials is a weather vane for the local area.

Where they dare not tread, others dare not tread either.

If this continues, it will be difficult for money houses to make a profit or even lose money.

With the support of the cabinet, officials will no longer regard Daming Money House as an enemy, and the business of Daming Money House will develop rapidly.

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