The circulation of legal currency made the market gradually more stable and prosperous, and was of great benefit to the entire country at that time. When the Anti-Japanese War broke out, it could mobilize funds to the greatest extent and fastest speed, and concentrate silver and other precious metals as purchases in the international market.

Funding for arms supplies.

However, good policies are good. In the first two years after the issuance of legal tender, the value of the currency was still stable. One yuan of legal tender was equivalent to one silver dollar.

However, starting from the second half of 1937, the Anti-Japanese War broke out, banknotes began to be issued indiscriminately, prices skyrocketed, triggering hyperinflation, and the legal currency depreciated rapidly.

In 1937, 1.4 billion legal tender was issued, but in 1945, 556.9 billion was issued, an increase of 360 times.

By August 1948, gold dollar certificates were used to replace legal tender, and the circulation of legal tender reached 663 trillion, equal to 470,000 times that before the Anti-Japanese War. Prices increased 34.92 million times compared with before the war.

Li Mu also found an article on the Internet that ridiculed the inflation of the time. It was a newspaper called Dazhong Evening News at that time. It calculated how much 100 yuan of French currency could buy in different eras.

The 100 French currency in 1937 was the most valuable and could buy two big bulls;

By 1938, you could buy a big cow and a calf.

By 1939, only one big cow could be purchased;

In 1940 only one calf could be purchased;

In 1941, 100 French coins could no longer buy a cow, but only a pig;

By 1942, pigs could no longer be bought, so all they could buy was a ham;

In 1943, you could only buy one hen, and in 1944, you could only buy half a hen;

In 1945, only one fish could be purchased, and a year later, in 1946, only one egg could be purchased;

It was the most exaggerated in the last few years of the Republic of China!

100 French currency in 1947 could only buy one briquette or one-third of a fried dough stick;

In 1948, 100 French currency could only buy four grains of rice!

As for 1949, let’s not talk about it.

The rate of depreciation is staggering, comparable to that of Zimbabwe.

However, in 1937, 1938, and 1939, the legal currency was actually quite good. It only doubled in value in three years. You can consider using legal currency in the early stages of time travel, and later exchange it for silver dollars, gold and silver, or foreign currencies that are more valuable.

…

The system gave one day of preparation time. On the next day, Li Mu stayed at home and began to collect and review various information at that time. He did not want to write down everything, but he always wanted to understand the general development process.
Chapter completed!