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On this day, a " Great Qin Bank " plaque hung on the tall building that Meng Yu had built.
After making sufficient preparations, Meng Yu prepared to open the Great Qin Bank today.
"Great Qin Bank?"
Many people who passed by felt surprised and confused. They didn't know what the Great Qin Bank did.
And on this very day, the King of Qin, Ying Zheng, issued a decree, and the entire city of Xianyang was covered with notices.
The content of the notice was that from today onwards, the Qin Country would officially implement paper money. Paper money would be the same as gold and copper coins and would be circulated within the Qin Country as legal currency. No one and no merchant could reject the use of paper money. The paper money would be issued by the Great Qin Bank.
The appearance of this notice shocked many people. Many people who had seen the notice went to the Great Qin Bank to find out what this so-called money was.
More and more people came to the Great Qin Bank, and the streets in front of the Great Qin Bank were filled with people.
The crowd moved and discussed animatedly. The scene was very lively.
This was exactly what Meng Yu wanted. It was not easy to implement paper money in Great Qin, and he wanted to use this to create a commotion and boost the Great Qin Bank's reputation.
The door of the Great Qin Bank opened, and Meng Yu, Ximen Chuixue, Meng Wu, Lady Meng, the manager, accountant, and employees of the Great Qin Bank walked out.
Seeing Meng Wu, everyone was filled with respect. Meng Wu was a famous general of the Qin Dynasty and had a high prestige in Xianyang City.
The noisy scene instantly quieted down. Everyone looked at Meng Wu and Meng Yu, wanting to hear what he had to say.
"Hello, everyone! I'm Meng Yu, the Prince Consort of the Qin Country. At the same time, I'm also the boss of the Great Qin Bank.”
Meng Yu said loudly. Although his voice was a little tender, it was loud and full of energy.
"What does the Great Qin Bank do?”Someone in the crowd asked.
"Good question. The Great Qin Bank wasn't a profit-making organization. It was an organization that served the public. " I won't earn a single cent from you by opening this Great Qin Bank, but it will bring you great convenience.”Meng Yu said in a clear voice.
Hearing Meng Yu's words, everyone revealed doubtful looks. Opening a shop was to earn money, but when Meng Yu said that this shop wasn't to earn money, it was clearly hard for everyone to believe.
Only a fool would open a shop that didn't earn money. However, Meng Yu was obviously not a fool. He was very smart. It was obviously hard to believe that this shop didn't earn them a single cent.
"You still haven't told me what it does.”someone asked.
"The Great Qin Bank is an organization that exchanges money and issues paper money.”
"When people use gold coins and copper coins, they often encounter the problem of exchange. For example, if you have 1,000 copper coins and want to exchange them for one gold coin, you will find it difficult to exchange because there is no such place for you to exchange.”
"Similarly, if you have a gold coin in your hand, it will be very difficult to exchange it for copper coins because there is no place for you to exchange it.”
"The Great Qin Bank is such a platform. Here, you can exchange gold coins and copper coins at will. We won't charge you anything.”Meng Yu explained.
"That's great."
Hearing Meng Yu's explanation, everyone cheered. The exchange problem Meng Yu mentioned did exist, and the Great Qin Bank solved it.
"Then what about paper money?”someone asked.
"Sometimes, we find it inconvenient to carry, transport, and store gold coins and copper coins. For example, it's inconvenient to carry copper coins with us. If it's four or five strings of copper coins, we can't carry them with us. Another example is 10,000 gold coins. We can't carry them with us. If we want to transport them, we can only use a carriage.”
"Under such circumstances, I invented paper money.”
As Meng Yu spoke, he took out a note from his pocket. It was a 100 gold taels note.
"For example, the note in my hand is a 100 gold taels note, which represents 100 gold taels. As we have said before, 10,000 gold taels cannot be carried around and it is inconvenient to transport them. There are only 100 notes worth 10,000 gold taels. We can carry them around with us. If we don't take them out, no one will know that we have 10,000 gold taels on us.”
"The Great Qin Bank has issued eight types of notes, namely 100-coin notes, 500-coin notes, 1-tael gold notes, 5-tael gold notes, 10-tael gold notes, 20-tael gold notes, 50-tael gold notes, and 100-tael gold notes.”
"Whether you are poor or rich, you can experience the convenience brought by paper money.”
Meng Yu explained to everyone.
Hearing this, many people revealed excited expressions. After hearing Meng Yu's words, many people were tempted. Gold coins and copper coins were indeed inconvenient at times, but paper money was indeed much more convenient than gold coins and copper coins.
"Then how can we obtain paper money?”someone asked.
"You can come to the bank to exchange for notes with gold and copper coins of the same face value. For example, using 100 gold taels to exchange for a 100 gold taels note.”
Meng Yu replied.
Everyone fell silent.
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