The Mao Era in Objects
lp-money.jpg
lp-money.jpg

Money (钱)

In the early twentieth century, when the Communists gained territory, they set up revolutionary base areas (also known as soviets), and issued new coins and notes, using whatever expertise, supplies and technology were available. Like coins and banknotes all over the world, these played an important role in economic and financial life, and were also instrumental in conveying images of the new political authority. Since 1949, all regular banknotes in the People’s Republic of China have been issued by the People’s Bank of China, and the designs of the notes reflect the concerns of the Communist Party of China.

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