Brill’s Encyclopedia of China

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Currency System
(2,357 words)

In contrast to the monetary system, the currency system is here defined as the totality of all the institutional arrangements which serve to shape the monetary relationships to foreign currency areas, and to determine the value of a currency. The most important elements are the exchange-rate system and the complex of currency convertibility, as well as participation in supranational regulatory systems such as the gold or silver standard, or the Bretton-Woods system.

In China, right up to the recen…

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Taube, Markus, “Currency System”, in: Brill’s Encyclopedia of China, Managing Editor English Edition: Daniel Leese. Consulted online on 27 February 2024 <>
First published online: 2008
First print edition: ISBN: 9789004168633, 20121018

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