Chapter 19: Battle of Fortification!
After the announcement was made, the citizens of Rehe quickly started discussing it!
"What is written? Let me see, the former Governor Tang Yulin resigned…Tang Dahu stepped down? This is great, this bandit governor has finally left. He has caused us a lot of trouble…"
" What do you mean by voluntarily resigning? I heard that he was fired by the new commander-in-chief. Even the guns of the 57th Brigade were confiscated…"
"The new governor, Wang Shuhan, and the supervisor of military affairs and brigade commander of the 57th Brigade, Wang Yizhe…It seems that these two are the confidants of the new commander-in-chief!”
"Who cares about the governor? What does it have to do with us commoners? Look at the next one. The government has opened the warehouse to release 120,000 catties of grain. All of them will be sold at 10 Feng notes per bushel!”
"Really?"
" Who cares if it's real or fake? Let's go and take a look first…Also, look, the bank has opened a cash exchange service. The exchange rate is 130:1. Let's go, let's go. If we're late, I'm afraid there won't be any left…"
……
The streets of Chengde were once again filled with scenes of a mad scramble for food. The food that Tang Yulin had forcefully collected from all over the country was all sold at low prices. The Rehe provincial government had made a lot of profit from it. There was no other way. After all, the food was obtained from the sealed warehouses and not a single cent was spent!
Due to the stability of the market, they could not give it away for free. Selling it at a low price was the least impactful method to the market!
After going back and forth, Rehe's gross domestic product continued to rise. Zhang Xuemin's reputation points in the system also continued to rise. The system didn't care where the grain came from, as long as it was a transaction that followed the market rules, it would be judged as a normal increase in gross domestic product!
The Fengtian Bank, the Central Bank, and the Yokohama Zhengjin Bank quickly opened up the cash against bills service. Of course, it was not voluntary, but Guo Songlin led the troops to force them to do so!
The goal was to maintain the currency and curb the value of the currency!
Stabilize the Rehe market!
On the first day, he sold a total of 50,000 dans of grain and cashed 1.2 million in cash!
Even the citizens of the surrounding cities came to buy and cash in!
Feng Piao was only an official banknote issued in the northeast region. Although it was stronger than the banknotes issued by other warlords such as the Jin banknote, it was still inferior to Yuan Datou. After all, the latter was a real silver dollar!
However, if Zhang Xuemin wanted to develop the economy of the northeast, he had to ensure that the banknotes were strong. Only then could he create a large amount of capital for the government by issuing new banknotes. For this reason, he even mobilized the people of Fengtian and other places to run on the banknotes!
After another day, the number of people who bought food or used their bills to cash in decreased greatly!
The bank had only cashed out 500,000 yuan!
On the third day, there were only a little over 100,000 points, which included the people from Hebei, Shanxi, and other areas who crossed Shanhaiguan to run!
On the fourth day, there were only a few people who went to the bank to redeem their cash. With Zhang Xuemin's support, the citizens of Rehe quickly regained their confidence in the promissory notes and started to circulate them in the market again. After all, promissory notes had a small face value and were more convenient to use!
Even the border areas like Hebei and Shanxi began to use the token to trade!
"Commander-in-chief, good news. The bank only cashed out about 10,000 yuan today. Most of the people have re-established their confidence in the banknotes. The market has basically stabilized!”Wang Shuhan rushed in and shouted excitedly!
After all, this was his first decree since he became the governor of Rehe Province!
The results were not bad!
Zhang Xuemin nodded. As long as they could maintain the bank run for the first two days, there wouldn't be any problems in the future. After all, the commoners valued the exchange rate between cash and money. They could accept it even if it wasn't too exaggerated!
"Release a new batch of banknotes. The amount should not be too large. Let's make it 10 million. Gradually eliminate the old banknotes in the market and buy back cash at the same time. It's best if we can use the banknotes to infiltrate the mountains, rivers, and other places to hoard some real gold and silver!”
Soon, the war between the principal, Yan Laoxi, and Feng Yuxiang would begin. At that time, all the currency would be created. What Zhang Xuemin needed to do was to infiltrate Jiang, Feng, and Yan's territories with the Feng bills and exchange them for gold, silver, and other hard currency!
"Yes, I understand, Commander-in-chief!" Wang Shuhan said without hesitation. He now admired Zhang Xuemin from the bottom of his heart. Whether it was in terms of conspiracy, military or finance, this commander-in-chief was a first-class genius!
He was many times better than Wang Shuhan!
"Alright, the rest will be easy to handle. Set up the police department and the anti-corruption commission as soon as possible. We have already reorganized the other departments of the Rehe provincial government.”Zhang Xuemin said casually.
After staying in Rehe for a few days, he had to return to Fengtian as soon as possible. According to his calculations, the people from the National Government of Jinling City should have come to discuss with him about changing their allegiance and believing in the Three People's Principles!
Wang Shuhan nodded and immediately said,"Alright, commander-in-chief. I will transfer funds from the Ministry of Finance as soon as possible to start the steel, chemical, and textile factories!”
After leaving Jiang Dengxuan behind to assist Wang Yizhe in reorganizing the 57th Brigade, Zhang Xuemin brought Guo Songlin and Zhao Xishun back to Fengtian!
This book comes from：m.funovel.com。