Adjustment of Paper Currency Rules under the Zhiyuan Era

Timeline

1. 1283Dadu · DaduThe Yuan Central Secretariat revised the issuance rules for Zhiyuan notes according to fiscal needs, reaffirming the parallel circulation and exchange standards of Zhongtong and Zhiyuan notes, and restricting private minting and counterfeit notes.
2. 1283All provincial regions · ChinaThe central government ordered an audit of accounts and reserves at note vaults across the circuits, strengthening the recall of paper notes and the review of issuance to ease fluctuations in market circulation.