C1184 South Ticket Crisis (1/2)

In the end, the purple cuckoo did not dare take a step into the courtyard. She knew clearly the importance of Wang Huaiyuan to the Prime Minister, and even he had a violent conflict with Xiao Letian.

With bloodshot eyes, the purple cuckoo carried the porridge back to the back room. She decided to chant Buddhist scriptures with all the girls in the inner room to pray for the prime minister's blessings.

Xiao Letian was not in the mood to bother with what the woman was thinking about at the moment. The two big porcelain bottles that he smashed around the room like trapped beasts must be the treasure that Molière had described. If the later generations were to go to Sotheby's, they would probably sell it for seventy to eighty million, but the furious Xiao Letian did not care about anything anymore.

With bloodshot eyes, he sat in his chair and gripped his messy hair with both hands, his low and hoarse voice reverberating in the room, ”What can Jiangnan do? Weren't we in control of everything previously? What kind of trouble can there be?! ”

”The past is the present!” Previously, we did not expect the Belait to suddenly have such a battle, much less that all of our gold and food would be gone.

The grieving Wang Huaiyuan started to cough intensely again. Xiao Letian hurriedly passed over the bottle of medicine made by the Evil Doctor Huang on the tea table. ”You guys can leave the work of analyzing the data to Pierre! ”You're about to boil a man to death …”

Wang Huaiyuan took a sip of his wine and waved his hand, ”He can't pick a fight. No matter how smart he is, he's still a European and I can't give him all the core secrets … Forget it, let's talk about Jiangnan! ”

What exactly happened in Jiangnan, these words would have to start from the moment the Russian Expeditionary Force left Europe.

The Great Qing's national finances were no longer like they had been in history. The imperial finances, which were originally supported by the three large revenues of business tax, taxes, and food tax, had completely changed due to the war and Xiao Letian's financial impact.

Of course, the silver standard system hadn't changed, but the evil method of repeatedly exploiting the citizens through the fire consumption system had been overturned by more and more western silver coins.

Now, the Great Qing's Ministry of Revenue also used these beautifully forged silver coins as the country's normal reserve currency, causing the local officials to lose the excuse of burning silver.

Of course, in some of the more remote provinces, the scattered silver taels needed by the commoners still needed to be used for forging. The corrupt officials could still take another bite, but this piece of meat was becoming more and more oily, having long since been replaced by silver taels.

If the country admitted using silver coins to pay taxes, who would dare to turn silver coins into ingots?

Mexican eagle, Ryukyu's Dragon Mark Silver Yuan, together with the small amount of silver that European countries had obtained through commercial circulation and the even smaller amount of silver that the Great Qing had forged, were basically the main currency used in the Qing Empire's important trading ports.

In fact, this kind of physical circulation of silver coins would not cause any big problems. After all, every silver coin was a solid silver plate, and the value of the silver coin itself was relatively stable. The citizens' confidence in the value of the silver coin was very strong.

The bad thing about it was the account bonds, this paper currency that was derived from the New Army Military Ticket s, was a deeply disguised credit currency from the moment it was born.

Yes, according to the issuance regulations of the Ministry of Revenue, a single round banknote can be converted into a single round entity silver coin. In law, this piece of paper is equal to that silver coin.

Before Qing Dynasty got involved, the Letian Bank promised to exchange individual note for silver. However, due to Yang Zhi's betrayal, the Qing Dynasty started to print the bonds, causing the market to become chaotic, so Xiao Letian ended this kind of individual note exchange business.