The Popularization of Banknotes
編輯: Atlas Studios
Zhang Zhang carefully observed Bai Wutong's expression and talked about the advantages of implementing the circulation of banknotes. "If we replace copper coins and silver pieces with banknotes, everyone's pockets won't be so heavy when they go out for transactions. Every time they come to the bank to deposit money, there will be less manual labor involved. It's also convenient for everyone to make transactions in private, and the banking industry can increase its efficiency."
Bai Wutong suddenly smiled. "I think this plan is feasible, but you have to budget well. The amount of banknotes issued cannot cause inflation in the market. If there is inevitable inflation in the market, you need to react quickly enough and make timely market adjustments. At the same time, you have to ensure that fake currencies don't appear. You have to increase the use of banknotes by the commoners and control the exchange rate of gold and silver prices."