Daqin: Signing in at the beginning is ten times the combat power of Lu Bu

Chapter 678 Bretton Woods System

When Ying Yu said this, some ministers already understood what Ying Yu wanted to do.

"Your Majesty, do you mean that countries can't use their coins when they come to Daqin, but can only be exchanged for my Daqin's coins?"

After hearing the minister's speech, Ying Yu nodded first, and then shook his head.

"What Ai Qing said is not bad, but it is too extreme."

If such a policy is really adopted for all transactions, it is actually almost impossible to achieve at the moment.

This will inevitably have a great impact on the trade between Daqin and other countries, which is very likely to cause problems in the current harmonious situation.

In fact, after all, the inconvenience is greater than the convenience.

So this is the final result that Ying Yu wants, but it cannot be achieved now.

Ying Yu's words made the ministers puzzled again.

Now that this matter has been decided to be done, it would be too extreme to talk about this matter.

So in the end is to do or not to do it?

They had no way to guess this question, because they couldn't guess what Ying Yu was thinking.

At this moment, no one came forward to ask, because they all knew that if Ying Yu wanted to say something, he would definitely tell everything by himself.

So for a while, everyone in the main hall stood there blankly waiting for Ying Yu to speak.

Ying Yu naturally knew what the ministers were thinking.

None of them are asking questions at this moment, they must be waiting for themselves to speak.

Ying Yu didn't waste too much time anymore, so he spoke loudly.

"We only use Daqin silk, and first stipulate that it can only be purchased with Daqin's currency."

As soon as Ying Yu said this, all the ministers understood what he meant when he said that it was too extreme.

If from the very beginning, all transactions in Daqin are forced to be changed to a currency that can only use big money.

Although this is a very good thing for Daqun, the inevitable result is that all countries in the Western Regions and other countries that have trade relations with Daqun will express their opposition to this.

Because in this long period of time, the trade between them and Daqin has already had a stable and mature rule.

They use their own country's currency, which is common in Great Qin. After so many years of development and continuous improvement, they have also reached a relatively stable state.

The current state of trade is also quite comfortable for these countries.

Daqin suddenly wanted to do things like this, which added a lot of trouble to them.

At the same time, if Daqin did this all at once, there would be more or less suspicions of bullying.

With such a hat, Daqin must never be put on it.

And if only the silk matter is planned, it seems reasonable.

It's just that the ministers still don't understand whether it is necessary to regulate silk if it is only regulated.

Ying Yu could tell at a glance what many people were thinking at the moment. For Ying Yu, the regulation of silk was just a beginning.

What he has to do is to make Daqin's currency the world's common settlement currency.

To put it simply, there will be some difficulties when using different currencies between other countries and countries.

At such a time, if you trade with each other, you only need to exchange the coins of your respective countries into the coins of Daqin, and then trade.

In this way, the two parties no longer have to argue about the exchange rate, because there are Daqin coins as a standard of measurement.

This is what Ying Yu really wants to achieve in the end.

It's just that Ying Yu is also very clear that things have to be done step by step, if you just forcefully pursue the final result at the beginning.

In the process, the interests of many parties may be damaged, and it may not be a good thing for Daqin.

This is naturally a reasonable thing, because countries have not yet realized the benefits of doing so.

They would only think that Daqin wanted to use this to determine his strongest position.

Once such a concept is preconceived, then they will inevitably resist from the bottom of their hearts what Daqin is going to do.

Even if they don't show it on the surface, as long as they have a grudge in their hearts, there will definitely be problems in the matter.

This was not the situation Ying Yu wanted to see.

So the immediate plan is to start with silk.

Everyone already understood Ying Yu's thoughts, and after Zhao Che's explanation, the ministers present all praised Ying Yu's brilliant means.

The next thing to discuss is how to proceed with this matter.

In fact, how to proceed with this matter?Ying Yu already had a plan in mind.

In the final analysis, this is nothing but the Bretton Woods system, in real history, during the 20 years between the two world wars.

The international monetary system split into several competing currency blocs: national currencies competed to depreciate and were volatile.

So in the latter part of World War II, the governments of the United States and Britain conceived and designed the post-war international monetary system out of consideration of their own interests.

The "White Plan" and the "Keynesian Plan" were put forward respectively, both of which aimed at establishing international financial institutions, stabilizing exchange rates, expanding international trade, and promoting the development of the world economy, but they operated in different ways.

Since the United States ascended to the status of the leader of the capitalist world after the world economic crisis and World War II, the international status of the US dollar has been stabilized due to the strength of its international gold reserves.

In the end, the two sides reached a joint statement, and the Bretton Woods system was established.

Its core content is not complicated.

First, the dollar is pegged to gold.

Second, the currencies of other countries are pegged to the U.S. dollar.

Third, implement an adjustable fixed exchange rate.

Fourth, the currency convertibility of various countries and the principles of international payment settlement.

Fifth, determine international reserve assets.

Sixth, the adjustment of the balance of payments.

The benefits brought by the Bretton Woods system to the world economy are beyond doubt, but its shortcomings are also extremely obvious.