CONTINUED EXTORTION OF OVERSEAS CHINESE/ ISSUANCE OF JMP CURRENCY IN 50,000 DENOMINATIONS

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP80-00809A000500410162-4
• Release Decision: RIPPUB
• Original Classification: C
• Document Page Count: 2
• Document Creation Date: December 14, 2016
• Document Release Date: October 26, 2000
• Sequence Number: 162
• Publication Date: March 2, 1954
• Content Type: REPORT

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DEC 1951 5i-Approved For Release 2002/01/03 : CIA-RDP80-00809A01 0500410162-4
- - CQb_W%IIDJ T1AL .
CENTRAL INTELLIGENCE AGENCY
INFORMATION REPORT
SUBJECT Continued Extortion of Overseas Chinese/Issuance of
JMP Currency in 50,000 Denominations
PLACE ACQUIRED
(By SOURCE)
DATE ACQUIRED
(By SOURCE)
twi8 000urw CC.T1ICt IN/OINAt1oN All tt 1.? tNt NATIONAL of It Nat
AI T.1 UNITED 3.17-1.- PITIIN TN[NIIN IN? 0/ TITLE 11. I[CIIO.I IS&
AND 7I4. Of TNt U.S. COD[, A$ 1NICO(O. III IPAN,Y1,IION ON CIVI.
IATtO. Or ITI CON T.tI TO OA NtaIIT IT A. UCAUTNDCI/ID PINION It
THIS IS UNEVALUATED INFORMATION
2SX1A
RESPONSIVE TO
1
2
CD NO.
OO/C NO.
ORR NO.
OAS NO.
OCI NO.
DATE DISTR. m A 5
NO. OF'ENCLS.
SUPP. TO
REPORT 'NO.
1. Of the JNP 6,000 billion worth of bonds to be floated by the Chinese
Reds this year, the Reds have planned to squeeze JNP 1,000 billion
from the overseas Chinese, whether they are currently residing abroad
or t1lo who have returned to Red China from abroad.
2. The JMP billion is equivalent to US $40 thousand, according to',the
official rate of exchange, JMP ;25,000 to US $?1.
3. Seto hfeetong, aged former resident in continental US, who has lived
in Red China for more than four years as a Red stooge, has been
appointed by the Reds to head the campaign to squeeze from the''
Chinese now residing in the US.
4. Meanwhile, the Chinese Reds have issued, for the first time since they
wrestled the control of China from the Kuomintang, new currencies in
JMP 50,000 denomination. All along, the highest denomination has been
that of JMP 10,000. 1
..-.:: U ; Y SUi J -'--CT g: !! R`.
CCi~_"f7
CONF IDEDITIAL
DISTRIBUTION /'M# 5'f AT F. ARNT X NAVY AIR x FBI
This report is for the use within the USA of the rritelligence components of the De ..rtments or
Agencies indicated above. It is not to be transmitted overseas without the concurrence of the
originating oifce through the Arsis:ant Director of the Ofllce of Collection and Dissemination, CIA.
 Approved For Release 2002/01/03 : CIA-RDP80-00809A000500410162-4 25X1A
Approved For Release 2002/01/03 : CIA-RDP80-00809A000500410162-4