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Currency history

Chinese yuan — late Qing and ROC mainland continuity

Dates in use
Introduction and ending not established
Ancestry branch
Spanish real / peso

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Chinese yuan — late Qing and ROC mainland continuity: documented and qualified family connections PARENTS THIS CURRENCY CHILDREN Spanish real / peso de a ochoSpanish real / peso de aocho 1750–1910 · QualifiedEarlier ancestry; immediate parent openQualified connection · 1750–1910 · Period of differentiation, not an exact foundation date. Mongolian tögrögMongolian tögrög 1925–1927 · DocumentedLater contribution or absorptionDocumented connection · 1925–1927 Jinan yuanJinan yuan 1941–1942 · DocumentedDocumented connection · 1941–1942 Harbin dayang — regional silver-dollar accountingHarbin dayang 1919–1925 · DocumentedDocumented connection · 1919–1925 Chinese yuan — late Qing and ROC mainland continuityChinese yuan Currency history

Parents 1

Chinese yuan

This currency

Children 3

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The story

The Archives essay gives the August 1948 reform as three million fabi yuan per gold yuan. [1]

The CBC describes gold-yuan reform in August 1948 and silver-dollar/certificate reform in July 1949. [2]

The CBC says those silver dollars and certificates did not circulate in Taiwan. [3]

Turning points

Wang identifies the silver yuan as China’s official monetary unit during…

Wang identifies the silver yuan as China’s official monetary unit during 1910–1935, discussing the 1910, 1914 and 1933 standards within that account history. [4]

The promulgated National Currency Law named yuan as national unit; its…

The promulgated National Currency Law named yuan as national unit; its regulations prescribed converting tael public accounts and private debts/contracts to yuan. This is explicit legal account-unit recognition. Regional enforcement required subsequent orders, so nationwide accomplished conversion is not asserted. [5]

Chinese silver yuan, called yanchaan locally, denominated Mongolian treasury and…

Chinese silver yuan, called yanchaan locally, denominated Mongolian treasury and enterprise accounts before togrog replacement. Contemporary proclamation explicitly identifies Chinese silver yuan as preceding money. [6]

Silver replaced by legal-tender notes

The CBC dates the move from silver to legal-tender notes to November 4, 1935. [7]

Redenominated as

Official August 1948 reform; separate from market depreciation. [1]

Replaced by

Nationalist July reform sequence; no territory-wide adoption or ratio inferred. [2]

Sources and evidence

  1. Hsu Feng-yuan; National Archives Administration, Taiwan (2019) · 四萬換一元：新臺幣的發行與流通
  2. Central Bank of China, Issue Department (1998) · Guide to Currency Issuance in Taiwan
  3. Central Bank of China, Issue Department (1998) · Guide to Currency Issuance in Taiwan
  4. Yeh-chien Wang · Secular Trends of Rice Prices in the Yangzi Delta, 1644–1935
  5. Republic of China government; translation transmitted by Paul S. Reinsch · National Currency Law and enforcement regulations, promulgated 7 February 1914; FRUS 1914 document63
  6. Herbert M. Bratter / US Department of Commerce · Herbert M. Bratter, The Monetary Use of Silver in 1933, US Department of Commerce, Trade Promotion Series 149; Bank of Mongolia · History of Bank of Mongolia
  7. Central Bank of China, Issue Department (1998) · Guide to Currency Issuance in Taiwan

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“Chinese yuan — late Qing and ROC mainland continuity.” The Family Tree of Money. © Field Technologies, Inc. Updated 2026-10-13; data version v44. https://familytreeofmoney.org/currency/T-FTM000456.html

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