Research on the RMB Issue
Essay specific features


Written by:
Jane H
Date added:
February 22, 2014
Level:
University
Grade:
A
No of pages / words:
10 / 2755
Was viewed:
9278 times
Rating of current essay:
Essay content:
Its symbol is ?.
The renminbi was first issued by the People’s Bank of China in December 1948, about a year before the People’s Republic of China was established. One of the first tasks of the new government was to end the hyperinflation that had plagued China near the end of the Kuomintang (KMT) era...
displayed 300 characters
Custom written essay
All essays are written from scratch by professional writers according to your instructions and delivered to your email on time. Prices start from $11.99/page
Order custom paperFull essays database
You get access to all the essays and can view as many of them as you like for as little as $28.95/month
Buy database accessOrder custom writing paper now!
- Your research paper is written
by certified writers - Your requirements and targets are
always met - You are able to control the progress
of your writing assignment - You get a chance to become an
excellent student!
Get a price guote
A revaluation occurred in 1955 at the rate of 1 new yuan =10,000 old yuan.
During the era of the plan economy, the value of the RMB was set to unrealistic values in exchange with western currency and severe currency exchange rules were put in place. With the opening of the mainland Chinese economy in 1978, a dual track currency system was instituted, with renminbi usable only inside China and with foreigners forced to use foreign exchange certificates...
displayed next 300 characters
General issues of this essay:
Related essays:
-
1 pages, 249 words
-
1 pages, 263 words
-
1 pages, 101 words
-
2 pages, 488 words
-
2 pages, 464 words
-
3 pages, 600 words
-
2 pages, 487 words