Xinzheng, South Korea.

"The Prime Minister, I don’t know if Qin has taken some measures against Chu’s issuance of a large number of stocks?" Yang Pu, an economics professor at Xinzheng University in South Korea, asked the Prime Minister worriedly. Development made a certain contribution, so he decided to visit Prime Minister Zhang Liang and put forward some of his economic views.

"This. Qin State Bank only asked for interest rate cuts and RRR cuts. We have already done so. The effect is not very good. The market is still worried about the bad news of the Chu State market issuing a large number of stocks." Zhang Liang said helplessly. To. Although the South Korean government has taken some measures to cut the RRR and interest rates in advance, the actual effect is not very obvious. The market is still worried about the behavior of the Chu State market.

"Well. If that's the case, is it possible to alleviate such things as long as the market's liquidity is increased?" Yang Pu asked.

"This. It should be the case. The current market funds are not very sufficient, especially after the current spring, more and more construction activities will begin to enter the real economy, and the actual economic development has already occupied a large number of markets. Funds, and the demand for funds will become larger and larger. However, if the stock market falls, it will also have a great impact on the real economy. After all, a large number of companies rely on selling stocks to relieve their financial stress. If the stock market is large If the scale drops, companies will not be able to get funds from the stock market. In that case, the situation will have a great impact on our Korean economy, and the situation is still very bad." Zhang Liang said.

"Yeah. If this is the case, I have a suggestion, I don't know if it is appropriate." Yang Pu said at this time.

"What's the suggestion? Mr. Professor." Zhang Youqi asked.

"My thought is that currently we rely on the Qin State banknote system to maintain, but the banknotes that occur in the Qin State banknote system are subject to strict restrictions. Although we have also issued banknotes in South Korea, the banknotes are still linked to gold. Yes. In this way, in fact, the issuance of Korean banknotes still has a certain degree of difficulty." Yang Pu said.

"As a result, the difficulty of capital in the market is very small. With the increase in corporate demand for capital, the liquidity of capital has become smaller, and there are considerable trading companies in South Korea that also need a large amount of capital to flow. For example, Banks, trading companies, etc. Their currency is not banknotes, they may be gold, gold coins, etc. I wonder if we restore the characteristics of metal currency, that is, we currently hold a large amount of gold reserves in South Korea. Why not use these gold reserves to raise the price of gold through the issuance of metal currency. In this case, the circulation of banknotes and gold metal currency in circulation can greatly alleviate the demand for funds on the market." Speaking of.

"Issuing metal currency?" Zhang Youqi asked.

"Yes, this is the only way to ease the current demand for funds in the market, but this will have a certain impact on banknotes." Yang Pu said.

"There is a hedging process between metal currency and paper currency. This requires us to handle it properly. This is an immature idea." Yang Pu said.

"Mr. Professor, you can talk about your ideas, or we can find a solution." Zhang Liang said at this time. Zhang Liang believes that the issuance of metal currency may be a good way. After all, metal currency and paper currency are two different concepts. The current market requires a lot of funds to circulate. Although paper currency has many advantages, the advantage is that they More banknotes can be issued, but this requires a certain amount of gold reserves. At this time, if metal currency is used, the circulation performance may not be very good. If metal currency is used, it may mean an impact on the banknotes that are difficult to build. The system has caused a great impact on South Korea, and Zhang Liang has to consider this impact. After all, after such a thing happens, it means the disintegration of the paper currency system.

"Currently we need a lot of funds, but the South Korean government cannot just issue more banknotes. This will have a great impact on the Korean economy, especially the banknote system. We all know that if there are too many banknotes, it may be The proliferation of banknotes. This is detrimental to the lives of our Koreans. But we need money. What should we do? We can issue two coexisting currency systems, one is banknotes and the other is metal currency. Two systems Coexistence is of great benefit to us. Because the two systems can provide us with sufficient funds to allow us to develop our own economy." Yang Pu said.

"We need capital, and metal currency can provide us with so much capital. This is a good choice." Yang Pu said.

"Yeah. I understand what you mean. In other words, the current currency system, especially the immaturity of the paper currency system, makes it impossible for us to issue more paper currency to meet market demand, because there is a certain amount of gold reserves. Relationship, but if we issue metal currency, we can meet our needs and reduce the pressure on the paper currency system. The coexistence of the two systems is actually a very favorable situation for Korea, right?” Zhang Liang Speaking of.

"Yes, Prime Minister, my opinion is basically that." Yang Pu said.

"Yeah. Very good." Zhang Liang nodded. The paper currency system has many advantages. However, the current situation is that the metal currency is in the process of transforming into the paper currency system. Qin may go very quickly. They are converted to paper currency through bonds, and the metal currency is withdrawn immediately. But this does not mean that metal currency has withdrawn from the stage of history. On the contrary, metal currency is still used in many places outside the Qin State. In this case, the coexistence of paper currency and metal currency may be unfavorable because of paper currency. Unable to expand their own influence, under such circumstances, it is necessary to restore the use of some metal currency. Because there is still a big certain relationship between the two, under such circumstances, the value of metal currency exists. At the same time, the existence of two currency systems can greatly meet the financial needs of various countries, which is a demand for colonial expansion. Zhang Liang began to carefully ponder the advantages of the two currency systems. This requires him to use a great relationship to solve such problems. Is it a single system or two systems coexist. Zhang Liang thought about this issue carefully.