Although the people of the Han Dynasty trusted and supported Xu Boju, they still had doubts. If they could exchange them with each other, they would reduce a lot of concerns.

"When I was issuing paper money, the king personally took out 50,000 yuan of stones from his own treasury and put them in the Royal Bank's headquarters to ensure that everyone can exchange it smoothly, and to ensure that these paper money are valuable and not issued casually."

The second bomb dispelled the people's concerns again. Since the king has put so much money to promote, there is definitely no problem.

"President Hao, we all know when can we exchange paper money?"

"Yes, we want to exchange now." Everyone was very enthusiastic.

Hao Ren smiled and said, "Friends, don't be impatient. After listening to my introduction, I just introduced the bank and banknotes to you. Let's introduce our bank business below, and then we will start exchange."

"The bank has currently opened three businesses and will add more businesses as needed in the future. The ultimate goal is to facilitate everyone's transactions and ensure the safety of money."

"The first business is the exchange business we are going to carry out later. You can use the gold, silver and copper currency in your hands to exchange paper money from the bank for easy portability and use. If you go abroad, you need to use metal currency, and you can also exchange metal currency from the bank for metal currency. In the future, our country of Han will gradually cancel the circulation of metal currency and can only use paper money. The same is true for merchants from other countries to come to us to do business. You need to convert metal currency into paper money first to do business in the country of Han."

Of course, this will take some time to buffer. Xu Boju gave three months. Three months later, the circulation of metal currency will be officially cancelled on May 1st, 2016, the fifth year of the Han Dynasty.

Such a long time is enough. After all, the Han Dynasty is just a country with a population of more than 6 million. What could have been done in one month? After three months of relaxation, it was given more time to buffer and get used to it.

"The second business, savings business, in the Han Dynasty, all those with a status level above the first-class slaves, including first-class slaves, civilians, citizens, and nobles, can open their own account in the bank with their own ID cards and a penny."

The above are easy to understand. They are all legal people of the Han Dynasty. Although first-class slaves are slaves, their punishment is not very high. They have great hopes to get rid of their slave status, and many of them have been slaves in the era of major families.

This time, the practice was also a signal to them that first-class slaves could already be considered half of the people of the Han Kingdom, and they were beginning to enjoy the rights granted to them by some Han Kingdoms.

As for the second-class slaves, third-class slaves, and even the lowest-class fourth-class efforts, they are not considered formal citizens of the Han Dynasty, and they do not enjoy many rights in the Han Dynasty.

Or they have no other rights except for the bottom line of life that is not allowed to be killed at will. Everything is caused by themselves, and they also need to work hard to cleanse away the sins on their bodies in order to have a chance to turn things around.

"Sir, what is this savings? What is an account opening?" asked a commoner.

Hao Ren slightly said, pressing his hands softly, "This is exactly what I'm going to say next."

"Save means that you exchange paper money, such as exchange for one hundred silver, but in the short term, you won't even need so much money in a month. The money will still be so much money at home, and it won't increase. You are also worried about recruiting thieves. But it's different to keep this money in our bank. The money is still yours, and you can also get interest from us."

"Saves are divided into current and dead periods. Current interest is lower, and you can get 1% interest every year. That is to say, one hundred silver exists here for a year, and you can take 101 silver if you take it back."

"The death period is currently only three-year and five-year. The annual interest for the three-year period is 3%, and the interest for the five-year period is 5.5% per year. If one hundred silver is still deposited, then a total of 109 silver can be withdrawn when the three-year period expires. If it is a five-year period, then 127.5 silver can be withdrawn after the maturity, which means that your wealth has increased by 27.5% in the bank, which is very cost-effective."

"Someone must ask, why is the difference between current and death periods so big? Because current and current periods can be withdrawn at any time. The death period depends on how many years you buy the death period, and you have to wait until it expires before you can withdraw it. Therefore, in general, only money that is not available for the time being can be used temporarily can be chosen to get higher interest. It is recommended that the money you may need in a short period of time be more cost-effective." Hao Ren popularized it with everyone in detail.

Everyone has already understood the meaning of it with a flexible mind, and their eyes are almost lit up. There is such a good thing. This was incredible in the past. You should know that money exists in the bank, let alone interest, you usually have to pay a sum of money to the bank as a storage fee. The king is really nice to them.

This is simply giving them money, and everyone is a little embarrassed.

Hao Ren briefly answered some questions to everyone and continued: "This third business is loan business. Banks provide loan services. If someone wants to do business or the merchant wants to expand production, but needs money in urgent need of money. If you borrow money from a bank, the interest rate is too high and the risk is still high, but the interest rate we provide is much lower than that of them and is safer."

"But not everyone can get a loan. We need a mortgage. That is to say, you can mortgage the previous tangible assets in your name to the bank to obtain a loan, repay the loan after maturity, and get the mortgage certificate back. If you cannot repay the loan after maturity, we will not directly confiscate your collateral. Instead, we will auction these collaterals and get the principal and interest of the loan back. If there is any excess money, it will still be returned to you. If there is insufficient, it will not continue to be investigated."

When everyone heard this, it was a huge gift. They were helping them. They could still distinguish the right and wrong. If a private money house could not exchange money, let alone the collateral, it would be great if you didn't force you to sell your children and girls.

Originally, he wanted to open an acceptance business, but Chen Ru objected. According to his words, the denomination value of paper money in the Great Han Kingdom had high denomination value. If there were no such high denomination currency, acceptance business could be considered. Now it is not necessary.

It can solve the problem by involving bulk currencies, a few or dozens of one-yuan banknotes. Moreover, the financial field of the Han Dynasty has just started, so it needs to take it slowly. You cannot be anxious or open too many businesses at once. At that time, it will be a mess and more time for training.
Chapter completed!