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The transferred-aid banknotes provided to the armymen who transferred back to their domicile to change for the subsidized grains by Chinese Central People's Government in 1952 After the founding of the P.R.C. there were no more large-scale wars in the mainland of China. Though some army forces were necessary in Korean battlefield, the construction was the main focus of the country. Therefore, in late 1950, the Central Committee of Chinese Communist Party made a decision of disarmament. The plan was to demobilize and return 1,500,000 on-service armymen to their domicile to participate in the local economic construction. Due to the idea that demobilization was not considered to be a good thing at that time, those who were first demobilized were the group of Kuomintang surrenders. Moreover, these people dared not be sent to the area where bandits had not been completely demolished. So, it was hard to conduct this plan. Till November of 1951, only 250,000 armymen were demobilized. Since 1952, the Central Government changed the term "demobilized armymen" to "the constructive armymen transferred to civilian work in their domicile". Besides, some land was left over for these transferred armymen during the national agrarian reform, and this transferred-aid banknotes were issued. Since the price was not stable in the early period of liberation, and there was regional difference, people thought highly of real objects than cash notes. Therefore, the par value of the transferred-aid banknotes was labeled "major grains". The whole set had five kinds, they were major
grains 5 jin, 10jin, 50 jin, 100 jin and 300 jin. When the transferred
armymen went to the local bank to exchange the cash with the banknotes,
the bank would pay it according to the local main grain products and the
present exchange rate. After the cash was delivered, "paid" was sealed
and it could no longer be used again. This banknote was stopped issuing
in December of the year and continued to be used until the next April.
The existing number of this banknotes was very scarce now, no more than
10 sets. And most of them are samples. The perfect ones are even fewer.
Note: Along with this set of "banknotes", another set of "subsidized grain coupons for the armymen transferred back to their domicile" was also issued. See "military grain coupons". see picture
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