The monetary system of the Qing Dynasty was one of the earliest monetary policies in the history of China. Before the Qing dynasty, China's monetary system was chaotic, with a variety of currencies and poor circulation, which was not conducive to economic development and circulation. By formulating and implementing the monetary system, the Qing government ended the monetary chaos, ensured the circulation and use of money, and provided good conditions for economic development and circulation.
The monetary system of the Qing Dynasty played an important role in the history of China. The successful implementation of the monetary system in Qing Dynasty not only had an important impact on the development of modern monetary system in China, but also on the prosperity and development of modern economy in China.
Main characteristics of monetary system in Qing dynasty;
The government controls the money supply.
In the early Qing dynasty, the government achieved the goal of stabilizing the currency by controlling the money supply. The government controls the money supply by casting copper coins and issuing silver coins, and at the same time takes some measures to restrict the circulation of money. For example, the government stipulates the purchasing power of copper coins, thus limiting the circulation scope of money.
2. The development of currency diversification
In the late Qing Dynasty, with the invasion and separatist regime of China by western powers, the monetary system of the Qing Dynasty was severely impacted. There are problems in money supply and money value, so the government began to encourage the diversified development of money to alleviate the problem of insufficient money supply. The government allowed silver, copper coins and other currencies to circulate, thus increasing the money supply.
Baidu Encyclopedia-Qing Dynasty Currency