| It emerged circle and square hole copper each in China in Qin-Han Dynasty, a self special currency system was formed slowly. Copper cash and silver consisted of currency system of silver and cash parallel in Qing Dynasty. This tradition Chinese type currency system has collapsed since modern times, after building of Republic of China specially, Chinese currency system was undergoing complex change.The second half of 19th century, except for tradition silver and copper cash, currency consisted of silver dollar made of machine each province, central and local paper money ^ a sort of silver dollar made of foreign country and circulating in China. Paper money published through foreign bank in china. Among them, silver divided into Kuping and Caoping in line with difference quality and weight. After the opium war, with opening of some trade port, some new measure unit produced, such as GuanpingN Xiangping, BeiJing GongFaping> SiMaping, etc. And count unit about false silver, for example, ShangHai Gui dollar^ HanKou YangLi silver Tianjin hanghua silver. These standard didn't integrate when Qing government collapsed. There were some sort of general silver dollar, foreign dollar including - Mexican Dollar British Dollar > carolus Dollar, Chinese dollar including dragon dollar of GuangDong, HoBek and AnHui. About issuing paper money, Chinese paper money including silver dollar banknote ^ silver banknote, bopper banknote, copper cash banknote etc, such as HonKong & ShangHai Bang corporation The National city Bank of New York-, Deutsch Asiatic Bank> The Yokohama specie Bank, Ltd> Banque de 1'Indochine. Foreign bank issued their paper money in China. So many sorts of currency entered into Chinese circulate market. It must produce confusion of Chinese currency circulate. And after building of Republic of china, since central government power was week, it was very serious situation to cast money excessive in many region, it made Chinese currency circulate most confusion.When BeiYang warlord government set up, various field expert and scholar put forward doctrine about Chinese currency theory one after another. They expected to establish a currency system that can fit for Chinese conditions, finishing confusionIVand no order state of Chinese currency circulating. These theories were: what currency standard institution must be used China, including silver standard, gold standard, gold exchange standard, gold and silver bimetallism; the theory of abolishing silver and using silver dollar that aimed at currency problem about Chinese silver and dollar using together; as well as the theory of paper money of WuNaichen and SuZhongshan.In practice, after Republic of China building, each government all regarded uniting currency system as a task. NanJing temporary government adopted some measure in several month, For instance, issuing memorial currency, putting up Bank of China and business bank, establishing law supervise setup about finance and money. When Yuanshikai BeiYang government was in power, drawing and publishing currency of country regulations, casting and issuing new type of silver dollar-"YuanTou currency", carrying out currency system of silver standard in whole country, starting to unify nationwide paper money. But because YuanShikai tried to become a emperor, overdrawing at will from Bank of China and traffic bank, at last resulting in financial crisis-"agitation about Beijing exchange bond", making good tendency of reforming Chinese currency system stagnate. After Wanxi DuanQiRui government set up, they attempted to solve financial crisis, revising former country currency law draft, casting and issuing silver and copper fractional currency. On Aug 1918, announcing gold bond regulations, prepared to carry out gold standard in China. But because it had setting of Japanese loan, people suspected that Japan attempted to control Chinese finance sovereign rights and opposed it, being failure without putting into practice. When ZhiXi, FengXi warlord government, they published public treasury exchange bond regul... |
