TPITWOHEF

Chapter 87

What nonsense is this?

Is the Emperor giving them money to make more money?

"If I give the Emperor ten coins, will he give me twelve coins back after a year?"

"This... if I give the Emperor ten taels, wouldn't that be earning two taels for free in a year!?"

The commoners stared at the Imperial edict in astonishment.

They had never heard of such a good thing before.

Not only did the Emperor send ministers to the countryside to teach them how to tend to sows and piglets, but he was also handing out money to them for no reason?

In the past, they had only ever paid taxes to the court!

The commoners could hardly believe it.

At this moment, with the sun three hours high, the latest Imperial edict had been posted at all the city gates of the capital.

Not only that, but soldiers and provincial governors were also rushing with the Imperial edict and decree, carrying them to all regions.

"The capital will try out this policy first, and then other regions will follow suit."

"The Jing Country Bank currently offers two main services: national debt and savings deposits."

"The former has a minimum term of three months, while the latter can be withdrawn at any time."

"The former offers higher interest rates."

In front of the Imperial edict, there were minor officials explaining the Bank's policies.

Xiao Yunzhou and the ministers of the Ministry of Revenue were afraid that many commoners could not read or understand the meaning of the Jing Country Bank, so they specifically sent people to explain it to the commoners.

For the first time, the commoners felt respected!

If they didn't understand something, they could ask questions on the spot.

"The longest term for national debt is three years. What if we can't get our money back after three years?"

"Can we just show this certificate and get our money back from the Bank on the same day?"

"Is this really true!? What if we hit a famine year, will the national treasury have enough money for all of us?"

"We won't lose our principal, right?"

The commoners' biggest concerns were whether they could get their principal back, and whether the interest rates would be as high as promised.

It was not easy for ordinary folks and farmers to save up a little, so they were afraid of suddenly encountering an emergency with no money to use.

But the court was the court, backed by the Emperor and ministers, which was much better than lending money to a poor relative.

Most importantly, they paid interest, and quite a handsome amount!

"Don't worry, elders, each national debt certificate and savings deposit certificate has the Emperor's and the Ministry of Revenue's seals on it."

The minor officials on the scene showed the commoners the national debt and savings deposit certificates.

"Two copies each, with serial numbers, so when you take them to the Bank later, your copy can be checked against the Bank's copy, leaving no room for deception."

"If you still don't believe it, you can observe for a while and see how others deposit and withdraw before deciding."

When the commoners heard this, they were swayed, "These have the Emperor's seal?"