The Chinese National Currency (CNC),[1] often transliterated as fapi[2] or fabi[a][3] or translated as Legal Tender Note,[4] is the currency of China between 1935 and 1948.[4][3] Introduced in the 1935 currency reform, the currency was initially issued by the Central Bank, the Bank of China, the Bank of Communications and later the Farmer's Bank of China. In June 1942, it became solely issued by the Central Bank. It was replaced by the Gold Yuan in August 1948.[4]
| CNC$ | |
|---|---|
 100-yuan banknote | |
| Denominations | |
| Subunit | |
| 1⁄10 | 角 (jiao) |
| 1⁄100 | 分 (fen) |
| Demographics | |
| Date of introduction | 1935 |
| Date of withdrawal | 19 August 1948 |
| Replaced by | Chinese gold yuan |
| User(s) | China |
| This infobox shows the latest status before this currency was rendered obsolete. | |
See also
editNote
edit- ^ traditional Chinese: 法幣; simplified Chinese: 法币; lit. 'Fiat money'
References
edit- ^ "The Ambassador in China (Stuart) to the Secretary of State". Office of the Historian, Foreign Service Institute, United States Department of State. 4 January 1949.
On the first of January, 1948 the Chinese National Currency was quoted on Shanghai's black market at about 140,000 to US$1.00.
- ^ "China (Currency). Volume 368: debated on Tuesday 11 February 1941". UK Parliament. 11 February 1941.
...having regard to the competition of the fapi (Chinese national currency)...
- ^ a b Tan, Ying Jia (2021). Recharging China in War and Revolution, 1882–1955. Cornell University Press. doi:10.1353/book.84825 – via Project MUSE.
- ^ a b c "Legal Tender Note". The Central Bank of the Republic of China (Taiwan). 2020. Retrieved 2024-11-17.