How to count 40 meter long leg line
Mention & lt; bitcoin & quot; I believe you are no stranger, because there are too many news about bitcoin. When bitcoin was first born in 2009, it was only a few cents a piece. By December 2020, the price of a bitcoin has reached about US $24000. The price rise in just ten years is amazing. In the face of such a price rise, many friends are eager to have a try, I want to invest in bitcoin to realize economic freedom, but is it really suitable to invest in bitcoin at this stage, from my personal point of view, I don't think it is suitable
and now the price of bitcoin can be described as skyrocketing. It takes a lot of risk to enter at such a high price point. if the price of bitcoin falls or collapses, can investors bear the loss? After all, it takes more than 100000 yuan to convert a bitcoin into RMB, This is not a small sum
and bitcoin is a high-risk investment, so you'd better consider it before making investment in this aspect. Do you think bitcoin is suitable for investment at this stage? Please leave a message in the comment area
legal currency was the currency in circulation in old China from November 4, 1935 to August 19, 1948. now it is no longer in circulation, so it can not be converted into RMB ring the circulation period of legal currency, the silver and silver yuan stored by various financial institutions and non-governmental organizations were received and exchanged by the central bank. At the same time, it was stipulated that the exchange rate of legal currency was 1 yuan equal to 2.5P of 1 shilling of pound sterling. The central bank, China and the three banks of communications had no restrictions on buying and selling foreign exchange, which was a kind of gold exchange system
1 French currency = 1 shilling 2.5P (determined according to the average exchange rate of 1930-1934)
After the outbreak of the Anti Japanese War, the government implemented the foreign exchange control policy, and the legal currency became the paper currency standard. Take back other banknotes within a time limit. It also stipulated that all public and private funds must be collected and paid in legal currency, and the market silver dollars should be returned to the state, and one legal currency should be exchanged for one silver dollarat the beginning, the French currency was linked to the pound sterling and could be freely exchanged at designated banks. After the negotiation between the national government and the United States in 1936, China sold silver to the United States in exchange for us dollars as foreign exchange reserves issued by legal currency, which was pegged to British pound and US dollar
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the outcome of the legal currency
before the Anti Japanese war in 1937, the total amount of legal currency issued was less than 1.4 billion yuan, and on the eve of Japan's surrender, it had reached 500 billion yuan. By April 1947, the issuance had increased to more than 16 trillion yuan. In 1948, the total amount of legal money issued was more than 660 trillion yuan, which was 470000 times that before the Anti Japanese war. Prices rose by 34.92 million times, and legal money collapsed completely
After 1946, the circulation of legal currency increased greatly, from 556.9 billion yuan in the victory of the Anti Japanese War to 604 trillion yuan in August 1948, which increased more than 1000 times in three years, resulting in the vicious inflation among the people After May 1948, Weng Wenhao was appointed as the chief executive and Wang Yunwu was appointed as the Minister of finance. He began to plan another currency reform to replace the legal currency with golden yuan The legal currency issued by the National Bank and guaranteed by the national credit, which decoupled the currency from the price fluctuation of precious metals, was a kind of progressive financial system reform in China at that time; It is also a characteristic of modern national financial system. The issuance of legal currency unifies the domestic currency, and the control of currency issuance is in the hands of the government, so the domestic silver and other hard currencies are concentrated in the hands of the governmentto maintain China's finance ring the Anti Japanese War, the legal currency played an important role. But the actual effect of the implementation is that the official banks plundered the wealth of the people and made the savings of the people disappear
724 Myanmar yuan = 724 ÷ 209.74 = 3.45 yuan