If the grain price is taken as a reference, it is about 4.65 billion yuan now if the 2.5 yuan per catty is compared with the current rice price.

If we look at these silver dollars in today's collection market, even Angelababy, a common foreign trade silver dollar at that time, is now around 600 yuan, then 600× 2 1 000,000 =12,600,000,000,000, which is12.6 billion.

The difference between these two reference methods is more than 7 billion, and the influence of inflation on prices is not considered, but only the present reality and the past reality are used to measure.

0 1 Conversion of Silver to Silver Dollar After the Opium War, the Qing government was defeated and had no choice but to sign the Sino-British treaty of nanking, stipulating that the Qing government should compensate 2 1 10,000 silver dollars.

Note that the monetary unit here is "Yuan". Actually, it's calculated in Spanish silver dollars. It's made in Mexico. Because of its uniform color and convenient use, it is often seen in trade all over the world.

At that time, in the Qing Dynasty, the traditional banking system was still used for monetary policy. Although a lot of foreign trade silver dollars flowed into China, the Qing court did not have a huge reserve of silver dollars, and the foreign trade silver dollars were not officially recognized by the Qing government. Therefore, in the actual payment at that time, the Qing government still calculated by converting silver dollars into silver.

When paying the first indemnity, officials of the Qing court and representatives of the British side, after repeated discussions, unanimously agreed that each silver dollar should be converted into a treasury.

Then, according to this agreement, after calculation: 2100× 0.71=1491,that is, the Qing government must pay 149 12000 silver.

Treaty of nanking, the rice price in Daoguang period in 2002, was signed in Daoguang period of Qing Dynasty. In the early years of Daoguang, the exchange of money was about 65,438+0,000. But by the time of the Opium War, one or two pieces of silver could basically be exchanged for about 1.6 million.

We can use the price of grain to measure the purchasing power of 1 2 silver at that time, and each stone of polished rice needs about 1 2 silver.

At today's rice price, 1 stone is equivalent to modern 125 Jin, which means 1 silver can be bought 125 Jin. Now we need 2.5 yuan to buy 1 kg ordinary rice. So 1 silver is equivalent to 3 12.5 yuan.

Then 149 10002 silver is now 312.5×1491= 4,659,375 (ten thousand yuan), which is as much as 4.65 billion.