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Silver money

Silver money

after the founding of new China, home to be rebuilt, for the stable Yuan, people's Bank of China in April 1950, issued the regulation on gold and silver, freeze civil sale of gold and silver, by the rules of management, policy of imposed monopoly, crack down on silver dollar, speculation and smuggling activities. Since then, China officially entered the era of full of notes. China's silver industry from the past are in short supply, one of the world's leading silver producer, exported each year.

on January 1, 2000, the people's Bank of China announced the abolition of silver "marketing middlemen" policy, silver market, and silver production and business activities in accordance with the General provisions of the commodity management, national silver export quota administration.

on October 30, 2006, the Shanghai gold exchange formally silver spot deferred settlement transactions (AG T+D).

since entering the new century, accompanied by raising the level of income, more and more people take silver for highly liquid assets, silver investment transactions have become increasingly active. The silver market in China is gradually moving towards prosperity.

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