FU Wen-wu
Abstract
In November 1935,the KMT government implemented the currency reform and stipulated the Central Bank,the Bank of China,the Bank of Communications as the legal tender bank to issue the currency.As one of the four major banks,the Peasants' Bank of China was not included.The reasons are worth discussing.
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In November 1935,the KMT government implemented the currency reform and stipulated the Central Bank,the Bank of China,the Bank of Communications as the legal tender bank to issue the currency.As one of the four major banks,the Peasants' Bank of China was not included.The reasons are worth discussing.
Key concepts: Chinese financial system, China, Currency, Official cash rate, Bank rate, Business, Monetary reform, Government (linguistics)