Su Qing sat at the table, holding a military ticket circulating in the Japanese occupied area: "The important thing you want to say...this is this?"

Director Xu, opposite, stood at the window, holding a stack of brand new orange border tickets in his hand, and was carefully distinguishing in the sunshine: "This 2-cent banknote is too new. The tickets starting with y in our border banknotes have long been eliminated, and the signature of the bank manager Hu Zuobin is not right. This plate-making printing... is really too exquisite!"

Su Qing actually didn't know much about the authenticity of these banknotes: "I'm not very familiar with this, and I still have to learn from you."

"Don't worry, at the beginning, I didn't understand anything. Just learn slowly." Director Xu smiled: "In addition to the means of military strikes, the other means of the Japanese launching a war of aggression is economic plunder. In addition to direct looting, his means are to achieve the goal of dismantling us through financial wars."

Su Qing has worked in Shanghai and is well-informed, but he is not very professional about economy: "I will write it down and understand it slowly!"

Director Xu returned to the table and sat down: "It was just a conventional method for the Japanese to issue military tickets in the occupied areas. Now they even put their ideas on us. He distributes fiat currency through spies, and the border area tickets disrupted the finance of our base area, and attempted to destroy the financial system of the base area by issuing counterfeit banknotes. The superior instructed us to counterattack in the enemy war zone and to destroy the enemy's financial conspiracy."

Su Qing nodded: "Secretary Lin asked our team and the team entering the enemy-occupied area to cooperate with you. What are your requirements?"

Section Chief Xu smiled and said, "Don't be anxious first. This matter is a bit complicated. You used to fight guerrillas in the mountains, and you usually don't have much money. You don't have much money to deal with finance. In addition to eliminating traitors, our operation team has been engaged in anti-enemy financial wars."

"I have no experience in this area, and I want to learn more from you."

Director Xu thought for a while: "We are at a disadvantage in military terms. In addition to attacking military terms, the Japanese also vigorously destroyed our base and the financial system of the Kuomintang-controlled areas. Long before the outbreak of the full-scale anti-Japanese war, the Japanese had already used such unpredictable means to carry out financial damage. From 1930 to now, the Japanese printed fiat currency that the Japanese were likely to have reached billions!"

Su Qing was stunned for a moment. Even if she didn't understand finance, she could understand the problem immediately and shivered: "Print money directly? What's the difference between this and robbing clearly?"

Director Xu smiled bitterly: "This war without gunpowder is divided into two stages. In the first stage, the Japanese island country lacks resources and he cannot afford such a large-scale war of aggression, so he used a trick to directly use counterfeit coins. To put it bluntly, it is a transaction without capital. Use counterfeit coins to exchange real coins from our market, and then go to the bank opened by the National Government to exchange foreign exchange, exchange materials internationally for war preparations.

In the second stage, after the Japanese launched a war, in addition to directly plundering materials, the occupied areas and the pseudo-Nanjing government directly issued counterfeit coins, "China Reserve Coupons", "Union Silver Coupons", "Mongolian Silver Coupons", etc., the Japanese stipulated that counterfeit coins and fiat currency were exchanged in the occupied areas. The Japanese used unscrupulous merchants to smuggle the stolen materials to the Kuomintang-controlled areas, fetched legal currency, and then took the snatched legal currency to the Shanghai Concession again, exchanged foreign exchange for foreign exchange, and purchased various materials internationally with foreign exchange, which was equivalent to using the stolen materials to do business with the National Government, consuming the financial strength of the National Government, and at the same time, it was still the Chinese to bear the costs of the Japanese invasion war. This is the real "fight to support war"!"

Su Qing thought while recording: "I don't understand at all. Why did he transport supplies to the national region? Isn't it easier to print counterfeit currency or 'foreign exchange' directly?"

Director Xu shook his head: "Financial is not as simple as you think. If he prints a lot of foreign exchange, our foreign exchange is mainly British pounds and US dollars. National interbank settlement is just a number, which is impossible. As for the reason why the enemy does not print a lot of legal currency, if there are too many legal currency in the market, it will definitely depreciate, and the foreign exchange exchange exchanged by the Japanese will also be reduced accordingly. In addition, the use of counterfeit currency will sooner or later be discovered by the National Government Bank. Therefore, at this stage, the Japanese printed not many counterfeit currency, and they are still in the occupied areas to crack down on counterfeit currency!"

"You said...I probably understood a little! But, I'm still a little confused..."

"Don't worry, you'll know after I said that after the outbreak of the Pacific War, even if the Japanese took foreign exchange, they would have no use. Because the United States and Britain stopped playing with the Japanese, the Japanese began to find solutions in the occupied areas, and then began to print military tickets, fiat currency, and border tickets on a large scale.

Military tickets can be purchased forcibly in the occupied areas.

The legal currency can only be used in the Kuomintang-controlled areas. Once the money in this market is too much, there will be no purchasing power. The Chongqing government has no choice but to do anything about it. The US-English consultant came up with a bad idea. Since you printed it, I will print it too. The full-scale war of resistance began, and more than one billion yuan of legal currency was printed a year. After printing it in the past two years, it will print tens of billions of RMB a year, which resulted in a sharp depreciation of the legal currency. The Chongqing government's gold reserves are just that. The more money it prints, the less it can't buy anything, and the people are suffering.

Su Qing was stunned. The middle was indeed too complicated. Fortunately, Section Chief Xu was easy to understand: "I probably understand."

"But don't worry, the Japanese printed coins in our jurisdiction have little impact on the financial sector of the base area, because the banks in our base area only cost 30,000 yuan when they started. Many local people still use silver dollars. This thing cannot be fake. So, if we sell things, try to register the coins and buy things, hehe, just use Japanese military tickets. If he dares to print, we dare to print them too!"

Su Qing was silent for a while: "I really didn't expect there were so many twists and turns in the middle. I always thought that the Chongqing government printed more money, all to plunder the wealth of the people."

Section Chief Xu nodded: "It's already very good that you can think of this. From the day the low currency was born, our country adopted the silver standard. After the 'abolition of the two countries' and the changing of the Chinese Yuan Dynasty' in April 22, 2019 (1933), although the currency was unified, the financial difficulties of the Kuomintang government's financial and economic difficulties were not resolved. In addition to the corruption of bureaucratic capital itself, there were also great powers such as Britain and the United States that fought fiercely to control the currency rights of our country. The so-called war between cranes, cranes and clams, but we were that clams!"

So profound! Su Qing was a little confused: "I have really learned a lot this time. Can you tell me about the great powers again?"

Shortly after the implementation of the currency reform based on the silver standard in the Republic of China, the Great Depression in the Western economy in the early 1930s swept the economic crisis of Western countries, causing serious unemployment in various countries. Major capitalist countries such as the United States, Britain, Canada, Japan, and Austria successively abandoned the gold standard system and implemented currency devaluation, attempting to open up markets of other countries by devaluing the exchange rate.

"In order to get rid of the economic crisis, Roosevelt began to implement the "new policy" to drive domestic economic growth by increasing government spending, which required the government to increase currency. Under the gold standard, the issuance of currencies is restricted by the government's gold reserves. They adopted a gold and silver standard system. Don't think that their aid is selfless to help us, but actually dumping goods on us."

"Listen to your words is better than reading for ten years!"
Chapter completed!