The Archive · 1938

CHINA'S CURRENCY HALTING -TRADE

Regime Adverses as Police Ask Acceptance Peiping, Mar. 25, Currency troubles" here' a threatening to bring all foreign bust ness to. complete standstill.

The now Federated Reserve Bank refusing o sell foreign exchange, while even Japanese banks are fusing to exchange the notes of the new bank for Yen, although the Federated Bank, a Japfinese-sponsored Institution, began operating with a credit of ¥.100,000,000 from a group of Japanese banks.

Most foreign banks are under orders only to sell foreign exchange

Text read from the printed page and cleaned; old type leaves the occasional error.

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