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What is the currency of the Republic of China?
During the period of Beiyang government, in February of the third year of the Republic of China (19 14), in order to rectify the monetary system and draw a silver coin, Beiyang government promulgated Article 13 of the National Monetary Regulations and decided to implement the silver standard system. The National Monetary Regulations stipulates: "Cooper's pure silver is priced at 648 cents, hence the name Yuan", "One silver coin, with a total weight of 72 cents, 89 silver coins and one copper coin" and "there is no limit to the number of silver coins used", that is, one silver coin is the standard lending currency with unlimited legal compensation.
During the period of Nanjing National Government, Nanjing National Government began to issue legal tender on 1935, and issued gold certificates on 1948. During the Republic of China, the monetary system was complicated, and all provinces, warlords and separatist regimes issued their own currencies.
Tips: The above information is for reference only.
Reply time: February 2022-14. Please refer to the latest business changes announced by Ping An Bank in official website.
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