Actually, this matter was brought up with the Japanese a long time ago, but the process was full of twists and turns. At first, the Japanese did not agree. Firstly, they were worried that the establishment of the Central Reserve Bank would impact the military scrip issued by the Japanese military. They were also worried that the puppet government's power would expand too quickly, making it difficult to control its economic development and causing it to break out of their control.
It wasn't until later that the Nanjing puppet government made huge concessions and sacrificed many interests. For example, the Central Reserve Bank had to hire Japanese advisors, its foreign exchange earnings had to be deposited in the Japan Bank of Japan, and it had to provide Japan with a certain amount of financial assistance to make up for the losses of military scrip. The issuance and circulation of the Central Reserve Bank currency had to be consulted with the Japanese side at any time. Matters concerning legal tender, military scrip, Japanese currency, and relations with Inner Mongolia and North China all had to be consulted and agreed upon by the advisors. These unequal terms finally led the Japanese to agree to the establishment of the Central Reserve Bank.
However, this also turned the Central Reserve Bank into a financial tool for Japan to brutally plunder the occupied territories.
The power to print the Central Reserve Bank coins was naturally firmly in the hands of the Japanese. Therefore, the Ministry of Home Affairs selected a group of personnel and equipment to come to China specifically to be responsible for printing the Central Reserve Bank coins.
Ning Zhiheng suddenly had a flash of inspiration; this was a golden opportunity!
Currently, due to the large amount of support provided to the front lines, my funds are already insufficient. Continuing like this is definitely not a solution. I am considering exploring new sources of funding, but where can I find such a large amount of funds in such a short time? Do I really have to resort to extortion and blackmail?
Ning Zhiheng had been quite troubled by this, but now, wasn't this the perfect opportunity?
If the Japanese can counterfeit legal tender, why can't we counterfeit Central Reserve Bank of China currency?
In fact, Ning Zhiheng had considered this idea before, but it was difficult to implement. First of all, the currencies circulating in Shanghai were British pounds, US dollars, Japanese yen, and legal tender. However, apart from legal tender, the other three currencies were too difficult to counterfeit. British pounds and US dollars had advanced anti-counterfeiting technology, while Japanese yen, in addition to its advanced anti-counterfeiting technology, also had the added precious plant fiber unique to the Japanese island nation in its paper raw materials. Ning Zhiheng could not solve the raw material problem alone, so he gave up the idea a long time ago.
As for counterfeiting legal tender, Ning Zhiheng would naturally not do that. Besides, legal tender is currently handled by the American Banknote Printing Company, which is quite technically advanced. Even with Japan's combined efforts, it took a long time to complete.
But now that the Central Reserve Bank of China is about to be issued, Ning Zhiheng doesn't believe that such a temporary currency issued by a puppet government could have any high level of technology.
The Central Reserve Bank's currency had a very good circulation base. With the support of the Japanese, it would replace various currencies in the vast occupied areas. Its applicable area was large and its circulation was good, making it the best target for counterfeiting.
As long as one can successfully counterfeit the Central Reserve Bank of China currency, the funding problem can be easily solved. What industry in this world is more profitable than counterfeiting currency? The profits are so high that they far exceed the income from smuggling goods.
The key point is that the cost of counterfeiting China Reserve Bank coins is not high. As long as you can get the core engraving, other facilities, equipment, and personnel are not problems for you.
Thinking of this, Ning Zhiheng couldn't help but stand up abruptly. He paced back and forth in the room, his mind racing with ideas. Before long, he made up his mind that he had to pull off this job!
He turned to He Siming and asked in a deep voice, "Since the Japanese are in charge of printing the Central Reserve Bank coins, then the core engraving plates were also provided by the Japanese? Was this also done in Japan?"
"No, the Central Reserve Bank is still under construction, and the design of the Central Reserve Bank coin has not yet been completed, so the steel plate engraving has not yet begun. Moreover, there are two very special people among the staff who came to China this time!"
"A special person, who?"
"The two engravers who are specifically responsible for engraving the steel plates are Teppei Ito and Hiroshi Tanimura. Both of them are engravers selected by the Japanese Ministry of Home Affairs. They are the ones who completed the engraving of the Central Reserve Bank of China coin this time. At the same time, they are also responsible for the redesign of the new version of military scrip."
"Heaven is on my side!" Ning Zhiheng couldn't help but clap his hands and laugh.
____
The mighty Han, the prosperous Tang, the wealthy Song, the tyrannical Yuan, the resolute Ming, and the subjugating Qing—the Song Dynasty's wealth is universally acknowledged! But who knows the Song Dynasty's peculiar side? It was a country ruined by its own emperors. Watch how the protagonist joins this game of ruining the Song Dynasty!
The veteran author, with a six-million-word novel, presents his new work, "The Broken Song Dynasty," under a new pseudonym—a trustworthy read!
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