ECONOMIC - CURRENCY

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP80-00809A000600230664-0
• Release Decision: RIPPUB
• Original Classification: R
• Document Page Count: 3
• Document Creation Date: December 22, 2016
• Document Release Date: July 15, 2011
• Sequence Number: 664
• Publication Date: June 16, 1949
• Content Type: REPORT

Sanitized Copy Approved for Release 2011/07/18 :CIA-RDP80-00809A000600230664-0
CIASSIr;I,C@TtON # !1
COUNTRY. China
SUBJECT Economic -Currency
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PUBLISHED Daily newspaper
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PUBLISHED 2g May _ g Jun 1849
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SUPPLEMENT TO
REPORT NO.
SILP~R 7R1AN TO BE ISSQED -- Snng_ehnng Jih-pao, 29 May 49
Within a few days the Hntioanliet Coverment, with the final approval
of Chiang Sai-shalt, will iesne s nev ourronoy called "silver yunn," in both
ooine and notes, to replace the nox worthless gold ynsa. This new money
will bo booted by the gold bullfaln of the i~atiansliet Goverment stored at
Amoy and Taiwan, and silver and foreign ourrenoiee also owned by the govern-
neat, The gold bullion at Aaoy ie said to be Drat 500,000 linng~one linng
egnala npp~rozimntely l,j onaoee ,while the amount stored nt Taiwan ie even
larger. The entire assets of ho 17stiamnliet Covernaeat, however,. ere barely
enough for n year?e military and adainintrntive activities.
FI1fAPCIAL ADdOS~F 40El~II.TPSB ESThPLIF386D -- Snag-ehang Jih-Pao, 29 May b9
The Finance Ministry recently appropriated lg ailli~m gold yoan to aid
SMangtvag Provinoe is nesting its adainistrative ezpeneee. Since the go:A
Yvan were almost worthless, however, the proviaae re~eoFed then and ragnee~ced
the ena in Goatees ynna. This gneetio~a ha? still not been settled.
The Bwaagtung Provincial Goverment, 1Cnnng_ohon (Canton) Mnnioi~l
Govezm