Study On Some Problems Of The Suiyuan Ping City Official Money Bureau

After the Republic of China,Suiyuan area financial order disorder,market prices are uncertain.In 1920,in order to control prices and stabilize the financial system,the Suiyuan Ping City Official Money Bureau was established in the Guisui district.The initial establishment of the bureau in line with the purpose of regulating finance,but in the process of gradual development has become a warlord to collect money tools.Due to the loan provided for the public can not be recovered,the city eventually became the Official Money Bureau of the bad debt.The Official Money Bureau issued Ping City ticket to cope with the public money,Ping City ticket a large number of overissued,resulting in a price drop,ultimately unable to exchange,the formation of several bank runs.Cause Suiyuan local financial extreme instability.This paper takes the Suiyuan Ping City Official Money Bureau as the research object,and discusses the reasons for the establishment of it.This paper analyzes the emergence and development of financial industry in Suiyuan before the establishment of Suiyuan Ping City Official Money Bureau.Against the financial background of various types of financial institutions,multifarious currency use and diverse exchange methods,the financial industry in Suiyuan lacks order.The manipulation of the market by money dealers makes the financial market very unstable,which affects the commercial development and people’s production and life in Suiyuan.As a result of these reasons,Suiyuan Ping City Official Money Bureau came into being,showing its necessity.In the process of development,Suiyuan Ping City Official Money Bureau did not get rid of the characteristics of local Banks and became a tool for warlords to open up financial resources.From its inception to 1931,theofficial money bureau repeatedly provided loans to the public.These loans carry interest rates ranging from 5 per cent to 1.5 cents a month,and because of the large amount of money borrowed,a large amount of interest is generated.In the end,these loans not only failed to recover the interest,but also failed to recover most of the principal,which became the bad debt of the official money office and had a serious adverse that impact on the operation of Suiyuan Ping City Official Money Bureau and affect Ping City ticket’s stabilization.Suiyuan Ping City Official Money Bureau has the power to issue banknotes due to its official nature.Also because of the nature of the official,the institution is closely related to the provincial finance,so to provide unlimited loans to the official.Because the bureau has no money available,only in the case of insufficient reserves to issue excess Ping City tickets.Lead to Ping City ticket prices fell,there is no cash situation,resulting in several times Ping City tickets agitation.In the end,Suiyuan’s financial system was disordered,and its behavior was to plunder the people to transfer the crisis.In view of the disordered financial status quo,when Fuzuoyi was in charge of Suiyuan,the key reorganization of Suiyuan finance was carried out to reorganize the Suiyuan City Official Money Bureau,to sort out the old banknotes and issue new banknotes in order to stabilize the currency.Through a series of targeted financial rectification measures,the financial disorder in Suiyuan has been alleviated.