Reminiscing About French Currency, Gold Yuan Notes and the Gold Trend
by Cppcc National Committee On Culture, History And Study
About This Novel
Legal currency is the currency issued by the Kuomintang government on November 4, 1935. On August 18, 1948, due to hyperinflation, the legal currency depreciated sharply, and the Nationalist Government ordered currency reform to replace legal currency with gold yuan notes. Gold Yuan Notes were issued on August 19, 1948 and ceased circulation in July 1949, making them the shortest-lived currency in financial history. At the same time, there were two gold wave cases: the first was in Chongqing in March 1945, and the second was in Shanghai in February 1947, which triggered a political trend within the Chiang government and accelerated the complete collapse of the Chiang dynasty. This book contains retrospective articles written by representatives of the financial industry, general managers of banks, directors of the Department of Finance, directors of financial bureaus, and court prosecutors at the time, based on their personal experiences and what they saw and heard. They describe in detail the relevant events, background, causes and consequences of legal currency, gold yuan bonds, and the gold trend. They are of great reference value for studying the history of modern currency and finance in China.
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