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MEASURES FOR PROHIBITION AGAINST TAKING THE STATE CURRENCY INTO AND OUT OF CHINA

Category  BANKING Organ of Promulgation  The Government Administration Council Status of Effect  Invalidated
Date of Promulgation  1951-03-06 Effective Date  1951-03-06 Date of Invalidation  1993-03-01

Measures of the People's Republic of China for Prohibition Against Taking the State Currency Into and out of China



(Promulgated by the Government Administration Council on March 6, 1951)

(Editor's Note: The Measures have been annulled by Measures of the People's
Republic of China on the Control of Carrying the State Currency into and
out of China promulgated on January 20, 1993)

    1. These Measures are formulated in order to consolidate the value of
the State currency, stabilize finance and safeguard the property of the
people.

    2. The State currency referred to in these Measures means the currency
issued by the People's Bank of China including the local currencies issued
with special permission of the Central People's Government.

    3. The People's Republic of China prohibits against taking the State
currency into out of China. The State currency carried on the person or
smuggled over the borders shall be confiscated.

    4. Those who carry or smuggle the State currency over the borders under
suspicion of damaging the State currency or those who smuggle forged or
counterfeit Renminbi into our country shall be handed over together with
the evidence by the authorities discovering them to the local judicial
authorities to be dealt with according to law.

    5. If mails sent out of or into China are found to contain State currency
smuggled over the borders, the bank notes shall be confiscated. If the smuggled
currency is to be for criminal purposes or suspected of being forged or
counterfeit, it shall be handed over together with the mails to the local
judicial authorities to be dealt with according to law.

    6. These Measures shall be effective as of the date of promulgation.



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