Chapter 112 The convenience of silver notes!

Ye Chi smiled slightly, nodded to signal Li Si to calm down, and then began to explain in detail: "The so-called 'coin exchange' is because the world's currencies are different, such as gold, cloth, pearls and jade, etc. In addition, although Your Majesty has unified the coinage, the coins minted in various places have different shapes and fineness. There are still old country coins that have been preserved but are difficult to use."

“Therefore, money houses can set up special counters to provide currency exchange services to facilitate merchants.”

"For example, if a merchant came to Xianyang from another place, penniless but with a large amount of cloth and other supplies, these cloths would be slowly converted into cash in Xianyang, and if the merchant needed cash urgently, he could go to a money shop to exchange them for coins."

"We will wait for the bank to charge a certain percentage of exchange commission based on the market exchange rate."

He paused, and seeing that Li Si and the others were listening intently, he continued:

"As for 'providing foreign exchange', it refers to long-distance trade."

"Traveling merchants often need to carry a lot of money, which is not only heavy and inconvenient, but also full of risks along the way! Money houses can set up branches in various places to provide cross-regional remittance services."

"Merchants only need to deposit money in a bank and receive a bill of exchange, and then they can go to another bank to exchange the bill for cash! This not only makes it convenient for merchants, but the bank can also charge a certain percentage of the exchange commission!"

After Ye Chi finished speaking, Ying Zheng, Fusu and Li Si all showed expressions of amazement! !

Ying Zheng clapped his hands and exclaimed: "This plan is truly a stroke of genius! How could I not have thought before that currency exchange and cross-regional remittances could be so cleverly integrated into the operation of a bank!!"

Fusu also sighed: "Mr. Ye is indeed very wise. This method of operation is really a brilliant plan! I admire you! I admire you!! "

Li Si was also full of admiration for Ye Chi: "Lord Ye's explanation has opened my eyes. My previous doubts have now disappeared. The operation of the bank is indeed full of mysteries!!!"

Then, Ye Chi bowed to the ground again, with a complex mixture of humility and pride in his voice, and said slowly:

"Your Majesty, I have something that may be a new help in the operation of the bank."

After saying this, he slowly took out a piece of thin paper from his wide sleeves. The paper was as white as snow and as light as a feather, revealing an unprecedented delicacy and texture.

Ying Zheng, Li Si and Fusu all looked at this new thing with surprise on their faces!
Ying Zheng was the first to reach out and take the paper. He felt that it had a delicate texture, different from any writing material he had seen before!
He stroked it carefully and handed it to Li Si and Fusu beside him.

The two of them also looked surprised and curious about this frivolous thing they had never seen before!
Fusu held the paper and asked, "Mr. Ye, this is something we have never seen before. It is as thin as a cicada's wing, but it seems to be able to carry thousands of words. You said that this thing can be used in the operation of the bank. What does this mean?"

Ye Chi was surprised at Fusu's observation skills, smiled slightly, and explained:
"This paper is lightweight and inexpensive to produce, and can be mass-produced. If used to record accounts and write vouchers, it will greatly improve the efficiency of bank operations."

"Besides, it is light and easy to carry, and can be used to deliver letters and edicts. It is a great help to the financial affairs of the bank!"

When Ying Zheng heard this, a sharp light flashed across his eyes, as if he had already seen the great potential of this new material in future court governance, the spread of classics, and trade communications.

Li Si nodded in approval, and at the same time carefully examined the paper in his palm, as if weighing its real price!

Fusu took a deep breath and exclaimed: "Mr. Ye is really a rare man. He can even make such a thing. It will surely be of great benefit to the development of the bank!"

At this moment, the three of them were full of respect and curiosity for Ye Chi. They knew that this thin piece of paper might open a new chapter for the Qin Dynasty. Then, Ying Zheng looked curious, staring at the white paper in his hand, and asked, "Then how should this thing be made?"

Ye Chi smiled slightly and explained slowly, "Your Majesty, the material used to make this paper is actually very common."

"The main raw materials are nothing more than hemp rope, old cloth, tree bark and other things. After soaking, bleaching, boiling, grinding, and finally drying, you can get such a thin paper!"

After hearing this, Ying Zheng, Li Si and Fusu looked at each other in disbelief.

Ying Zheng was surprised and said, "How can such a delicate paper be made with such a cheap and easily available thing?"

"It's really unbelievable, unbelievable!!"

Li Si also sighed: "Lord Ye is really a remarkable man, he can turn decay into magic, it is admirable!"

Fusu was also amazed and added: "If this thing can be mass-produced, it will greatly facilitate the writing and dissemination of our dynasty. Mr. Ye really made an invaluable contribution!"

Ye Chi said modestly: "It's just some random ideas."

Then, his expression became extremely solemn, and he continued to talk: "However, Your Majesty, the appearance of this paper can not only help the money houses, but also enable scholars all over the world to read."

"You and I both know that in the past, bamboo slips were heavy and silk books were expensive, which led to knowledge being monopolized by a few aristocratic families!"

"However, today, with this thin paper, the cost of writing books has been greatly reduced. Scholars no longer need to be troubled by expensive writing materials!"

"It is believed that before long, classics and collections of literature will spring up everywhere, and the price of books in study rooms will drop, so that ordinary people can easily buy them. Reading and literacy will no longer be the exclusive domain of scholars, wealthy families, and aristocratic families!"

Ye Chi's words, like the morning bell and evening drum, deeply shocked Ying Zheng, Li Si and Fusu! !
They looked at each other with an expression of disbelief on their faces!

There was excitement glittering in Ying Zheng's eyes. He seemed to see the coming of a new Qin Dynasty with universal knowledge and prosperous culture!
Li Si took a deep breath and sighed, "Master Ye's words are truly enlightening! The emergence of this paper will surely trigger a cultural revolution, and our dynasty's education will usher in unprecedented prosperity."

Fusu was also very excited: "Yes, this paper is not only light and easy to carry, but also cheap. It will surely make reading and literacy a right that everyone can enjoy. This is a great blessing for our dynasty and for the people of the world!!"

After hearing this, Ying Zheng laughed loudly and praised: "Ye Chi, you have really made a great contribution! I will definitely reward you handsomely."

"I already know the benefits of this paper, is there anything else?!"

Ye Chi remained calm and continued to explain his thoughts: "Your Majesty, this paper can be used not only to record accounts and write vouchers, but also as a banknote!"

"Silver note? What is a silver note?"

Ying Zheng asked curiously, and Li Si and Fusu also cast inquiring glances at him.

(End of this chapter)