EVENT INFORMATION

1
Mart
1955

China introduces a re-denominated renminbi

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📅 1 Mart 1955 📍 China

The currency reform replaced the early renminbi at a ratio of 10,000 old yuan to one new yuan. The change simplified accounting after the postwar inflationary period and supported national fiscal and planning systems. Monetary stabilization was part of rebuilding sovereignty over finance, though credit and investment increasingly followed administrative priorities rather than independent market allocation.

Inisiá sesion pa gusta òf marká e relato aki.
🔖 Marká

Personanan den e suseso aki

Chen Yun

People’s Bank of China officials

Organisashonnan den e Evento aki

People’s Bank of China

Ministry of Finance