The Great Qing Treasure Note[1] (simplified Chinese: 大清宝钞; traditional Chinese: 大清寶鈔; pinyin: Dà Qīng Bǎo Chāo) or Da-Qing Baochao refers to a series of Qing dynasty banknotes issued under the reign of the Xianfeng Emperor issued between the years 1853 (Xianfeng 3) and 1859 (Xianfeng 9). These banknotes were all denominated in wén and were usually introduced to the general market through the salaries of soldiers and government officials.
After the Taiping Rebellion had depleted the imperial treasury of the Qing dynasty the government reformed the cash coin system to include higher denominations with low intrinsic values essentially creating a fiat currency; this was a radical departure from China's past where the value of cash coins was dependent on their weight rather than any denominations. The same developments which lead to the creation of the new Xianfeng coinage had also necessitated the reintroduction of paper money in China after it was absent for two centuries. The new paper currency came in two forms, one was the copper-alloy cash coins-based Great Qing Treasure Note and the other was the silver sycee-based Hubu Guanpiao (戶部官票) which were both introduced simultaneously with the new debased cash coinage.[2]
However, the government did not keep adequate reserves of hard currency to back the new banknotes up. Many provincial governments didn't allow for taxes to be paid using paper money, and after a few years the government started refusing to convert the new paper money into hard currency; consequently, the Chinese people started to distrust it as a valid medium of exchange. In response to the ever more expensive military expenditures caused by the Taiping Rebellion, the government produced more and more high denomination banknotes, which were not convertible. This caused hyperinflation; by the year Xianfeng 9 (1859) the currency had become completely depreciated and was abolished.
^"banknote". Retrieved September 3, 2023.
^Niv Horesh (28 September 2018). The Monetary System of China under the Qing Dynasty. Springer Link. pp. 1–22. doi:10.1007/978-981-10-0622-7_54-1. ISBN 978-981-10-0622-7. S2CID 158146530.
and 25 Related for: Great Qing Treasure Note information
The Great Ming TreasureNote (simplified Chinese: 大明宝钞; traditional Chinese: 大明寶鈔; pinyin: dà míng bǎo chāo) or Da Ming Baochao was a series of banknotes...
series was introduced alongside the copper-alloy cash coins-based GreatQingTreasureNote (大清寶鈔) banknotes. However, the government did not keep adequate...
the Xianfeng Emperor the GreatQingTreasureNote (大清寶鈔) was introduced. These were based on the earlier Great Ming TreasureNote from the Ming dynasty in...
or other symbols instead of Manchu alphabet. The Qing dynasty (/tʃɪŋ/ ching), officially the GreatQing, was a Manchu-led imperial dynasty of China and...
abolished these banknotes. Under the reign of the Xianfeng Emperor the GreatQingTreasureNote (大清寶鈔) copper-alloy cash coins-based banknotes and Hubu Guanpiao...
'primary treasure') was a type of gold and silver ingot currency used in imperial China from its founding under the Qin dynasty until the fall of the Qing in...
The GreatQing Copper Coin (simplified Chinese: 大清铜币; traditional Chinese: 大清銅幣; pinyin: Dà Qīng Tóng Bì), also known as the Qing Dynasty Copper Coin...
The GreatQing Gold Coin (simplified Chinese: 大清金币; traditional Chinese: 大清金幣; pinyin: Dà Qīng Jīn Bì), also known as the Qing Dynasty Gold Coin or Da-Qing...
The Qing dynasty (1644–1912) was the last imperial dynasty of China. The early Qing emperors adopted the bureaucratic structures and institutions from...
while large bills were in 1, 2, 3, 5, and 10 guàn. Like previous Chinese notes, there was a fee for redeeming them for copper coins: 15 wén per guàn. Jiaochao...
centuries. The first locally minted silver dollar or yuan accepted all over Qing dynasty China (1644–1912) was the silver dragon dollar introduced in 1889...
government of the Qing dynasty was forced to re-introduce paper money, among the paper money it produced were the Hubu Guanpiao (戶部官票) silver notes that were...
Great Hall of the People (reverse) Metallic strip replaced by a visible and colour-shifting security thread, placed on the reverse side of the note Restoration...
another feature is a Hell Bank Note being a replica of a United States one-hundred-dollar bill, with a disclaimer noting the bill is counterfeit. Certain...
Taiwan dollar in 1949. In 1895, as a result of the First Sino-Japanese War, Qing China ceded Taiwan to Japan in the Treaty of Shimonoseki. The Japanese yen...
currency for use in place of the previous Qing currency. Successively, each province declared independence from the Qing and issued their own military currency...
Macau branch of Bank of China (Banco da China, 中國銀行澳門分行) became the second note-issuing bank. The authority to issue patacas was transferred to the Monetary...
into existence. The One-Dollar Currency Note Ordinance of that year led to the introduction of one-dollar notes by the government and the government acknowledged...
and the Salt Monopoly Bureau (鹽錢司). The state began printing their own notes. Flying cash would remain in use until the early period of the Song dynasty...
by Fredrik Schjøth and Virgil Hancock, Oslow, Norway, 1929. Hartill-Qing = Qing Cash (清代貨幣) by David Hartill, Royal Numismatic Society (2003). Krause...
documented three hole spade occurred around two centuries ago during the Manchu Qing dynasty period when it was acquired by artist and epigrapher Zhang Tingji...
and often a pronounced angled bend in the middle. This shape is known as 磬 qing, a chime stone. Their alloy contains around 40% copper; they weigh around...