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The Great Qin Bank finally started to operate.
Right now, the Great Qin Bank only had the exchange business, but it didn't have the collection and lending business.
Collecting money and borrowing money were complementary businesses. Taking other people's savings, giving them a certain amount of interest, and then lending to merchants and individuals, collecting higher interest. The money earned by the bank was the difference between the two interest rates.
Now, the seven countries were in chaos. There was a great risk in lending. If the loan was unwilling to repay and went to the other six countries, it would be a big problem to chase the loan. It was very difficult to get the loan back.
Thus, the Great Qin Bank didn't plan to open the loan business.
Since there was no loan business, there was naturally no need to take in deposits. This was because taking in deposits required a certain amount of interest from others. This way, the bank would suffer losses. Over time, the bank would definitely close down.
The main business of the bank was to exchange money, gold coins and copper coins, and gold coins, copper coins, and paper notes.
Right now, the Great Qin Bank basically didn't make money, and Meng Yu didn't expect the Great Qin Bank to make money. The main purpose of establishing the Great Qin Bank was to promote paper money.
The circulation of paper money would have a huge impact on the entire State of Qin. Through the exchange of paper money, Meng Yu would be able to gather a large number of gold and copper coins.
As the days passed, more and more people were willing to enter the Great Qin Bank to exchange money. Some people exchanged their extra copper coins for gold coins, while others exchanged their gold coins for copper coins.
Of course, there were also people who exchanged gold and copper coins for paper money.
As time passed, more and more people used paper money. After they used paper money, they deeply felt the convenience that paper money brought to them, and they were more and more willing to use paper money.
The King of Qin, Ying Zheng, had also issued several decrees on paper money to ensure the implementation of paper money.
As a result, more and more people were willing to accept and use paper money, and the implementation of paper money was beginning to bear fruit.
As paper money circulated in the market, some people could not help but have some thoughts and wanted to counterfeit paper money. However, these people found that paper money was very difficult to counterfeit.
In the entire State of Qin, only Meng Yu had mastered the art of printing. If they wanted to forge paper money, they could only copy it. Meng Yu had printed a complicated seal on the paper money to distinguish the authenticity of the paper. This seal was very difficult to copy.
Moreover, the paper money they copied was different from the printed paper money. It could be seen at a glance.
Therefore, paper money could not be forged.
As an organization that controlled a large amount of money, the safety of the Great Qin Bank was of utmost importance.
It was still fine during the day, as no one dared to rob the bank in broad daylight. Even if someone dared to rob the bank during the day, Ximen Chuixue would personally stay in the Great Qin Bank and take care of the robbers.
The key was at night.
After 6 pm, the bank would close and stop operating. After that, the bank would put all the gold coins, copper coins, and banknotes into the underground vault below the bank. Moreover, the vault had to be locked. Only Meng Yu had the key to the vault.
Other than Meng Yu, no one else could open the vault.
In addition, at night, there would be a group of soldiers guarding the entrance of the Great Qin Bank. There would also be a few groups of soldiers constantly patrolling the surroundings of the Great Qin Bank. No one was allowed to approach the Great Qin Bank.
This guaranteed the safety of the Great Qin Bank.
Even if there were powerful masters who could break through these soldiers and sneak into the bank, he would not find a single penny in the bank. The entrance to the underground vault was very hidden and difficult to discover.
Even if he burned down the Great Qin Bank, the underground vault would be safe and the money in the vault would not be lost.
As time passed, the Great Qin Bank gradually got on the right track.
People gradually accepted paper money, and as the paper money continued to be exchanged, the gold and copper coins in the underground vault of the bank also increased.
Strictly speaking, this money didn't belong to him. It belonged to the country, and every gold and copper coin exchanged for paper money had to be recorded. This money belonged to the national treasury and was only temporarily stored in the Great Qin Bank.
In principle, that was the case. But, in fact, he could also manipulate the money at will, because the King of Qin, Ying Zheng, did not know how many notes he had printed, nor did he know how many notes he had exchanged for gold coins and copper coins.
As long as he did something in the account book, a large number of gold coins and copper coins would enter his pocket and become his property.
In addition, when paper money became the popular currency of the State of Qin, he could use paper money at will. He could spend as much paper money as he wanted. Anyway, he printed the paper money.
However, Meng Yu still had to control the amount of paper money in the State of Qin. If he continued to print paper money, it would lead to inflation, economic collapse, and paper money would become worthless.
Therefore, even if he could print paper money, he could not print paper money without restraint.
Actually, even if he didn't make a fuss in the Great Qin Bank, Meng Yu had many ways to earn money.
During this period of time, Meng Yu had found someone to open a shop called " Women's Square." In addition to selling Seven Degrees Space, this shop also sold products such as Fu Yan Jie, shampoo, and shower gel. The business was unusually hot.
Women's Square became the most popular shop for women. Every day, it was as crowded as a market, and there was an endless stream of women coming to buy.
Seven Degrees, shampoo, and shower gel all became popular items, earning a lot of wealth for Meng Yu every day.
And this shop was also fully controlled by Meng Yu, without any investment from Ying Zheng, nor did he have to share half of the profits with Ying Zheng.
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