Foreign Relations of the United States, 1949, The Far East: China, Volume IX

893.515/8–149: Telegram

The Minister-Counselor of Embassy in China (Clark) to the Secretary of State

Canton, August 1, 1949.
[Received August 3—2:20 p. m.]

Cantel 861. Effective August 3, circulation all foreign currencies banned (prime offender Hong Kong dollar) under penalty of confiscation and imprisonment. Possession foreign currency permissible. Silver yuan now sole legal tender public, private debts, financial transactions, taxes, commodities and basic price calculations. Enforcement by police and garrison command. Sent Department Cantel 861, repeated Shanghai 475, Nanking 570.

Clark