Currency Act Currency Act ? The currency issue and management of general legal norms. Formulate monetary law aimed at strengthening the management of state money, regulate the flow of money to ensure a unified currency and currency stability. Money is separated from the commodity exchange act as the general equivalent of a special commodity, is in the process of social reproduction to product pricing, calculation tools, is to achieve industry and agriculture, urban and rural areas, economic links between production and consumption tools is also a national economic management and an important tool for the implementation of economic supervision. Currency Act must therefore develop national unity, promulgated. Each country has its own monetary policy under the monetary system, monetary laws enacted, regulations. United States, France, Sweden, Japan, the Soviet Union, Yugoslavia and other countries, were Zaiqigezi the Banking Act Zhong right monetary system made special provisions, Yugoslavia in 1976 has also promulgated the &quot;Law of the monetary system&quot;. The main elements of the national currency legislation, is to determine the standard currency, monetary authority and issue the right cast and currency, the currency and credit policies. The People&#39;s Republic of China currency legislation, the right to determine the currency concentrated in the central People&#39;s Bank is authorized to issue the national currency of the body, the currency amount must be reported to the State Council for approval. December 1, 1948 in North China People&#39;s Government issued a bulletin: Bank of China announced the establishment, with daily circulation of RMB. The notice provisions of the yuan-based currency and issued with the liberated areas, the currency rate of exchange, the gradual recovery of the liberated areas do the same parity currency. In line with the fight against the enemy, protect the people against the loss, help stabilize the market to ensure economic life has continued uninterrupted the principle of announcement in the right Nationalist Republic of China Shi Qi Cai Qu 政府 currency issued against Liu Tong, Guiding parity, period conversion, Jianjue exclusion other measures. This completely abolished the old monetary system, changed the history of circulation of money left over from the chaos, making the yuan quickly occupied the market, ensure the normal circulation of goods. In 1959, the State Council decided to recover possession of money. Thus, in addition to Taiwan, China to achieve a unified currency. Major cities in the People&#39;s Liberation Army after the liberation of the people&#39;s government or military control committee banned gold and silver, foreign currency circulation in the market to consolidate and stabilize the RMB market, to ensure the independence of the new currency system, the principles are not violated. After World War II, the United States has the world&#39;s gold stocks more than 80%, and about other countries through the gold currency trading currency. China to ban free-market gold and silver, cut off contact with the international bullion market, so that the yuan&#39;s value against the international market price of the free fluctuation of gold; countries strict gold and silver production and marketing program management, People&#39;s Bank of unified management of gold and silver dollar sales revenue; against foreign banks in China have issued money and monopolized the privilege of China&#39;s foreign exchange operations, determined in accordance with international and domestic market, the parity of RMB against foreign currencies. The prohibition of foreign currency in circulation, based on all foreign exchange receipts and national regulations, international settlement, should be handled by the Bank of China (see Banking Act). March 6, 1951, the central people&#39;s government announced &quot;The People&#39;s Republic of China against the national currency out of border measures&quot; to prohibit the national currency out of territory, or who carry out the national currency smuggling territory who shall be confiscated. February 21, 1955, the State Council issued on &quot;new issues RMB yuan and the recovery of the existing order,&quot; the main provisions of the new currency the yuan to 1 yuan, two yuan, 3 yuan, 5 yuan, 10 yuan of five, coins for 1 min 2 hours, 5 minutes, 1 horn, 2 angle, angle of the six 5; old and new RMB exchange ratio equal to 1 per 10,000 yuan of new currency old currency; of domestic currency denominated receipts and payments, receipts, vouchers, books, records, as well as the international clearing unit of RMB are new. In order to strengthen the cash management market, announced in 1950 the Government Administration Council, &quot;State authorities on the implementation of cash management decision&quot;, the Government Administration Council Committee on Finance and Economy announced &quot;the implementation of monetary measures,&quot; the scope of the provisions of cash, all state-owned enterprises, institutions, forces and cooperatives and so, in addition to cash inventory reserves outside the prescribed limits, all in cash and notes to the deposit banks, and financial discipline as important to conduct inspection and supervision (see Banking Act). In order to protect the national currency, national financial consolidation, the Central People&#39;s Government Administration Council on April 19, 1951 announced &quot;Monetary Offences against the State&quot; Provisional Regulations on the forgery, alteration of the national currency or other methods of spreading rumors and undermining the national currency credit who, in accordance with seriousness of the circumstances, the death penalty, life imprisonment, imprisonment and confiscation of property in whole or in part. July 6, 1979 published &quot;The People&#39;s Republic of China Criminal Law&quot;, the first of 122 pairs of counterfeit national currency Offences specific provisions. June 15, 1983, the State Council issued &quot;The People&#39;s Republic of China Gold and Silver&quot;, that &quot;the state of the gold and silver unified management, unified purchase and allocation policy&quot;, &quot;national gold and silver is the competent authority for the People&quot; At the same time for the country after the implementation of the new system made a requirement. With the increase in international economic exchanges, since World War II, the international community has ended the currency&#39;s no legal status, and will gradually adapt to the international development purposes (see International Monetary Law).