1. Military tickets. The Revolution of 1911 overthrew the Manchu government, but the fruits of the revolution were stolen by Yuan Shikai. Yuan Shikai's claim to be emperor triggered a nationwide war for Yuan, which began in Yunnan. Provinces have set up "national defense forces" and declared independence. After the Yuan War, the northern warlords formed a series of military and political forces, and they fought with each other, which plunged the whole country into successive years of civil war. In order to raise military salaries, military regimes in various places generally issued military banknotes. These banknotes are issued in the battlefield and are temporary in nature.
2. the golden ticket. Guanjin Voucher is the abbreviation of "exchange voucher for customs gold unit", which is the calculation unit of China customs tax collection during the Kuomintang rule. Originally, the customs collected taxes in silver. In 1929, the world silver price fell sharply, which affected the customs revenue. In January 193, the government decided to collect gold coins, and in May 1931, the central bank issued a certificate of exchange for customs duties. In April, 1942, it was circulated in parallel with legal tender at the price of 1 yuan converted into legal tender 2 yuan. After the issuance of gold certificates in August 1948, the issuance was stopped.
3. legal tender. At the turn of the 192s and 193s, due to the fluctuation of international gold and silver prices, silver kept flowing out of China, making it difficult to maintain the silver-based currency system, and the domestic currency issuance was not unified and chaotic. In 1935, the Kuomintang government implemented the "legal tender reform", which stipulated that the banknotes issued by the Central Committee, China Bank and Communications Bank were "legal tender", banned the circulation of silver dollars in the market, and forcibly nationalized silver. During War of Resistance against Japanese Aggression and the War of Liberation, the Kuomintang government adopted the inflation policy, issued a large number of fiat money indiscriminately, and fiat money depreciated sharply.
4. Gold certificates. In view of the vicious expansion of legal tender and the collapse of the national economy, the Kuomintang government reformed the currency system again on August 19, 1948. Set the gold dollar as the standard, and began to issue "gold dollar vouchers" to exchange the sharply depreciated legal tender at a rate of one to three million. However, the gold and silver coupons expanded at a faster speed. In less than 1 months, the total amount of issuance reached 13,34.6 billion yuan, which was more than 65, times higher than the original amount of 2 billion yuan, and the price was 1.7 million times higher than that at the beginning of the currency reform. On the eve of liberation, the Shanghai silver dollar and 1 yuan could be exchanged for 1.6 billion yuan in gold certificates, which were rejected by various places, so silver dollars were used instead of circulation.
5. silver dollar coupons. Silver dollar coupon is the abbreviation of "Silver dollar exchange coupon". In 1949, the National Government, which moved to Guangzhou, issued a new currency in the form of gold certificates. When it was first issued, it was stipulated that every 75 million yuan of gold dollars could be exchanged for one yuan of silver dollars. However, due to mistakes in the issuance policy, it soon collapsed.
6. copper coupons. After the Revolution of 1911, besides silver dollar coupons, copper dollar coupons were also issued in various places. Divided by provinces and regions, it is also printed with the words "forever universal" to show its credibility.