nycdaug Chapter 144 New Currency
Chapter 144 New Currency
On the 22nd day of the first lunar month, the "Dongfeng State-Private Joint Venture Cloth Store" and the "Dongfeng State-Private Joint Venture Clothing Store" opened grandly amid the sound of gongs and drums and firecrackers.
The secretary of the street party working committee and the director of the street office both attended the opening ceremony.
The director publicly presented Xu Man with an honorary certificate and announced her status as a party member. Reporters also interviewed her.
Yesterday, a secretary from the subdistrict office informed Xu Man that she would be making a speech today and might also be interviewed by reporters, so she was asked to be prepared.
Worried that Xu Man might say something wrong, the officer even wrote a speech for her and asked her to memorize it.
Xu Man felt a little dizzy as she looked at the five-page speech that was similar to a work report.
Seeing that Xu Man was having difficulty reciting the speech, Zhou Rong read the speech and felt that it was not down-to-earth enough. He helped her revise the content and gave Xu Man some training, telling her what the core points were.
During the interview, Xu Man followed what Zhou Rong had taught her, thanked leaders at all levels, and said that public-private partnership was a necessary step for the country to achieve industrialization, a general trend, and a law of social development.
She loves her country and her people, and wants to do her best to contribute to the country's industrialization. She also hopes that more private business owners will actively approach the organization and join the army of national construction.
After hearing her generous words, the Party Working Committee Secretary and the Director nodded in appreciation and led the applause.
The onlookers were also inspired by Xu Man's words and the applause lasted for a long time.
In the following days, Xu Man's interview content occupied almost all the space in the newspaper.
Some private business owners who have seen the situation clearly and do not want to suffer have successively submitted public-private partnership materials to the government...
On February 55, 2 (the 21th day of the first lunar month), a report was published in the newspaper that the country would issue new currency and recall old currency.
The People's Bank of China will implement it nationwide starting from March 3 (the eighth day of the second lunar month).
One new dollar is equal to 1 old dollars, and the old dollar will cease to circulate starting May 1.
新币面额，主币分为1元、2元、3元、5元、10元（10元面额实际是在57年12月1日开始发行，即大黑十）5种。
(Second set of coins)
辅币分为1分、2分、5分、1角、2角、5角6种。
Each type of banknote is printed with four languages: Chinese, Tibetan, Mongolian and Uyghur.
From March 3, the new currency will become the sole unit of calculation for all monetary payments, transaction pricing, contracts, documents, vouchers, bookkeeping and international settlements in society.
During this period, the People's Bank of China will deliver the new currency to its branches throughout the country's cities and towns.
In addition to the original 19,000-plus units, local people's banks in urban and rural areas were responsible for issuing new currency and also entrusted a number of supply and marketing cooperatives, credit cooperatives and state-owned enterprises to handle the exchange.
In remote rural areas where there are no banks or exchange agencies, banks will send mobile exchange teams.
In the past few days, people's banks across the country have, in accordance with the State Council's order to issue new currency and withdraw existing currency, converted all old deposits, savings and loans into new currency at the statutory exchange rate of 1:10,000 between the old and new currencies.
We also issued statements to all public and private enterprises, state agencies, groups or depositors in the city who used checks, based on the exchange rate between the old and new currencies...
As soon as the report came out, many people counted their own money at home and calculated how much Singapore currency they could exchange for, for fear that the staff had calculated it wrongly.
After Zhou Rong got home from get off work, he found his mother counting money repeatedly in her room and writing and drawing on a notebook.
"Mom, what are you doing?"
"Neighbors are saying that the country is going to print new currency, and these old coins need to be recycled. Ten thousand yuan can only be exchanged for one yuan of new currency. I have to calculate how much money my family can exchange."
Zhou Rong smiled and said, "It's not that easy to calculate. The staff are all trained. Just give them the money and they will calculate it for you quickly."
Mother Zhou: "Of course you won't make mistakes when there are fewer people, but there are so many people in our country. If they all rush to the bank and clamor to exchange money, even the most sober minds will be confused. It's better to calculate at home to avoid mistakes."
Zhou Rong: "Then I'll help you calculate it."
Mother Zhou pushed a bunch of small-denomination money to Zhou Rong. "These are small-denomination money, with a lot of one-yuan and five-yuan notes. I've been counting for a long time, but I always make mistakes. You have a good brain, so help me count."
Zhou Rong put the coins of each denomination together in different categories. After counting the coins of different denominations, he recorded them in the notebook and then added up all the numbers.
After seeing it, Zhou's mother praised: "You are really smart. I have been embroidering patterns lately and I am almost crazy."
Zhou's mother had already finished embroidering the Centenary Longevity Picture. Song Zilan was very satisfied and paid for it readily. She was optimistic about Zhou's mother's embroidery skills and efficiency, so she gave her another task of "Beautiful Mountains and Rivers", requiring it to be completed within one year. The wages were 160 Singapore dollars, to be paid upon delivery.
(Splendid Mountains and Rivers)
In order to finish the work as quickly as possible, Zhou's mother sat in front of the embroidery frame all the time except for eating and sleeping.
Zhou Rong didn't want her to work so hard, so he advised her, "Sitting for a long time is bad for your health. Everyone in your family has a job, so they don't need your money. Why don't you stop embroidering 'Splendid Mountains and Rivers'? It would be a waste if you ruin your health by then!"
Mother Zhou: "No, you don't have to worry. Wucai keeps a close eye on me. She takes me for a walk in the yard every hour and helps me embroider a few stitches. I'm not tired at all.
I like to earn money through my work, and I feel like I am not just eating for free. You know, every time I sell my embroidery, especially at a high price, I feel a sense of accomplishment!"
After hearing this, Zhou Rong stopped trying to persuade her.
"Mom, I told you before that you should exchange some horse herding coupons. Have you exchanged them?"
Zhou's mother leaned close to Zhou Rong's ear and whispered, "I changed five of them. They are in the box under your bed. I'm only telling you. Don't tell anyone else."
Zhou Rong smiled and said, "Well, I will keep my mouth shut and help mother keep an eye on the box to prevent anyone from touching it."
Mother Zhou: "In this family, you are the person that I trust the most, even more than your father."
Currently, slaughtering pigs is all done manually, using the largest iron pot to boil water, and then bleeding, dehairing, cutting open the pigs, removing the internal organs, and chopping the pigs.
Zhou's father works in a slaughterhouse. In order to slaughter the pigs before dawn and hand them over to vendors and various units, he has to rush to the meat processing plant at one o'clock in the morning every day and come back to rest around eight o'clock.
After sleeping for a day, Zhou's father went upstairs to call Zhou's mother for dinner. He happened to hear her talking about him and asked hurriedly, "What are you talking about me?"
Mother Zhou said without even looking up: "I said you are reliable and keep your mouth shut."
Father Zhou chuckled and said, "Needless to say, you can rest assured that I can do the job. The children in my family are all like me and are very smart!"
Mother Zhou murmured quietly, "If they were really like you, our family would have been finished long ago. The children are so smart, they are obviously like me."
Zhou Rong: “…”