August 19, 1948 (July 15, Lunar New Year), the KMT government "reform the currency system."

1948 19, the the Kuomintang government "reform monetary system", issued Jinyuan coupons, this issue 2 billion as the functional currency, legal tender provisions of the the Jinyuan coupons a legal tender of $ 300 million in parity redemption. The total issuance of legal tender reached 660 trillion yuan, 47 times more for the war on the eve of the allotted 14 billion price than in January-June 1947 average price rose 500-1100 times. ?