The Archive · 1940

Currency Situation In Canton Serious

Shortage of Dollar Notes Seriously Affecting the Poor; Prices Rising

Canton, Jan. 2.

The currency situation is causing considerable concern here. Shortage of single dollar notes, in both National and Kwangtung currency, 1s seriously affecting the poorer classes in the city.

Money changers refuse to change five or ten dollar bills except at a heavy discount, sometimes as much as 50 per cent, while many shops have closed their doors sooner than be burdened with these notes.

It has now become almost impossible to make purchases under five dollars. In addition, prices for a" commodities have been raised by more than 50 per cent.

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

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