As the saying goes, buy up and not down.

Zhao Kuangyin has definitely never heard of this sentence.

However, ordinary people in this era, especially wealthy households with a certain amount of wealth, are using practical actions to prove this matter.

This critical moment coincided with Li Jing's sudden serious illness. This was an issue that even Zhao Guangmei had not thought of or had really ignored. However, it suddenly pushed the currency war that was already in full swing into a new direction.

Orgasm.

It's just adding fuel to the fire.

And when everyone discovered that the coins of the Southern Tang Dynasty were rising sharply, people would instinctively tend to save money and wait and see.

Then the more we waited and watched, the more it rose. The more we waited and watched, the more it rose. After another two months, the currency of Southern Tang Dynasty had risen to the point where five hundred wen was worth one tael of silver.

In fact, at this time, Zhao Kuangyin's best response should be to postpone the issuance of new coins, or at least to cover the hole, or simply use the money to do some large-scale projects to consume it, which is actually possible.

.

As a result, he got excited and thought that he would take advantage of the shortage of coins in the Southern Tang Dynasty to occupy his market share.

It can only be said that the ancients are ancients after all. After all, the Five Dynasties and the early Song Dynasty have just entered the market economy and the civil economy society. The powerful economic society of the Han and Tang Dynasties did not provide them with any reference at least economically, so that at this time they

You really can’t!

Because the coins of the Southern Tang Dynasty are rising, in fact, even if the newly issued Song coins remain unchanged, they will undoubtedly still fall relatively. Therefore, at this time, if a normal common person has both Song coins and Nan coins in his hands,

Money.

Then he will definitely give priority to using Song Qian when buying things.

As far as the administrative system of the Song Dynasty is concerned, it is impossible for him to really go deep into the grassroots and control what money is spent by the people.

Then the money of the Song Dynasty naturally fell, and it fell quite sharply. At this time, Zhao Kuangyin increased his investment, so wouldn't it be over?

As a result, the exchange ratio between Song Dynasty money and Tang Dynasty money was quickly widened, reaching the one-to-one level. However, most people were not willing to exchange, but fortunately their purchasing power was barely equal. The expulsion of Southern money must have failed.

, but it can still barely survive.

At this time, the market suddenly discovered that the latest batch of Song Dynasty coins issued were adulterated with iron!

Originally, this was new money, and the credibility had not been established at all. Everyone came from the Five Dynasties period. Although the Song Dynasty seems to be very good and powerful now, who knows that the Song Dynasty will still be there ten years later.

Not here?

Under such circumstances, the reason why Song Qian can still be exchanged with Nan Qian is that this batch of Song Qian is genuine and valuable, and the production is indeed more exquisite, at least it seems to be better than Nan Qian.

of.

As a result, the people's confidence suddenly dropped due to the iron-mixing. If you dare to mix iron into copper today, will you mix copper into iron tomorrow? Should you simply give out iron money the day after tomorrow?

In just three days, Song money began to fall off a cliff. In Kaifeng, the exchange ratio between the emperor's feet and Nan money dropped to the point where even two for one could not be exchanged. Even large-scale exchanges could only be exchanged for three for one.

Gotta get out.

Zhao Kuangyin was dumbfounded. As Sun Liancheng had analyzed before, if Nanqian increased, at most Zhao Guangmei would make money and Nantang would make money. However, Song Qian fell sharply, which meant that he was actually losing money.

But it was rare. Everyone knew that Zhao Kuangyin did not have a very good temper. Even the simple and rude Zhao Kuangyin, who had a soldier's temperament, did not get angry this time. Instead, he appeared alone in the Sansi Shiyamen and turned everyone around.

After he was driven out, he calmly faced Xue Juzheng and asked:

"What's going on? I believe you won't be stupid on such a low-level issue, and I don't believe you will make oversights and mistakes at such an important moment, so I need an explanation now."

Xue Juzheng smiled bitterly, knelt feebly in front of Zhao Kuangyin, and actually cried softly.

"The official family, no, there is no copper. If the copper in the treasury is cast into pure copper coins, it can last for at least two months. There was originally a batch of raw copper from Guanzhong, but it was only when it was allocated that there was a flaw and the number did not add up.

, I was killed by corrupt officials, but I couldn’t even find the person responsible. I am guilty of ten thousand deaths.”

Zhao Kuangyin was unusually calm when he heard this. He shook his head and said: "You used to be in charge of the Criminal Department. It was only after I became an official that I started to manage money. This matter is not your fault. I can't blame you."

"Guan Jia, I..."

Xue Juzheng only felt his heart heat up, and his tears fell even more fiercely. He kowtowed heavily again, but heard Zhao Kuangyin say: "Get up, don't cry. The more you do it at this time, the less likely you are to be a coward. There is no time for us to feel guilty."

Now, we have to find a way."

"Yes."

"Why is there so little copper in the capital's reserves? Can copper be found on the market?"

"It's very difficult to find. The imperial court's copper reserves are not large. Officials and large copper mines are almost all in the south of the Yangtze River."

Hearing this, Zhao Kuangyin was silent for a while and then sighed longly and said: "I really blame you and me for this matter. The preparations for such a big thing as minting were not sufficient beforehand, and there was no preparation when storing copper.

Take it into consideration."

In fact, this is a very helpless thing. In fact, during the Five Dynasties period, most of the time, copper coins became thinner and lighter as they were minted. In many cases, it was because it was difficult for a clever woman to make a meal without rice.

First, business developed too fast during the Five Dynasties. This is a very magical thing. The more wars raged, the more developed industry and commerce became. Because the powerful were wiped out in the war, the army became a military-industrial complex.

Groups, concurrently running enterprises, doing business, and even becoming real economic entities.

The circulation of goods has become unprecedentedly efficient, and when the military does business, it pays more attention to market fairness than the powerful economy, because after all, the military's tentacles cannot reach the grassroots, but if any powerful official at the grassroots dares to destroy market fairness, what will happen?

Material monopoly and personal dependence hinder the army from making money. They are really killing people.

Who tells you about law, ethics, and the intricacies of it? Civilian officials need to review and investigate cases to kill people, but military people only need a name to kill people.

The civilization of society and the commercialization of the economy will inevitably lead to an increase in the demand for currency, and since banknotes cannot be issued, there will naturally be a shortage of copper, so the only choice is to mix iron with it or cast large and small coins.

Secondly, there is actually a very important reason: there really are not that many copper mines in the northern region, especially in the Central Plains.

In other words, there are not many copper mines in the shallow layers of the earth that are easy to discover and smelt. This is because the Central Plains region developed too early, and the history of using copper coins was too early. Those copper mines that are easy to dig and are obvious have already been

It was almost mined by the ancestors. As early as the Eastern Han Dynasty, the country's large-scale copper mines were basically all in the south.

But the Five Dynasties never unified the southern region!

Such an important matter was not paid enough attention to before Zhao Kuangyin minted the currency, and there was such a serious omission.

"The copper on the market is really not easy to collect. Normally, the most important way to mint coins is to melt old money to make new money. However, now that Nanqian has risen like this, this old money... the court really can't melt it.

Get up."

Zhao Kuangyin nodded, leaning on his jade ax and said, "Stop complaining. Is there any way to remedy this?"

"I really can't think of anything at the moment. I think that if there is anyone in the world who can do something, then it must be King Qin."
Chapter completed!