Chapter 651: Cao Huachun

Currency reform is a long and difficult task!

The essence of most monetary reforms is to plunder the wealth of the people, so it is very difficult to implement.

Take, for example, the usurper Wang Mang, who carried out four currency reforms during his reign.

In the end, they all ended in failure.

In particular, the monetary reform in the first year of the founding of the People's Republic of China (the first year of Wang Mang's new dynasty) failed to the point that it could not fail again.

At that time, he abolished the five-baht coin of the Han Dynasty and the sword coins introduced by the first currency reform, and replaced them with 28 currencies made of gold, silver, turtles, shells, copper and other materials

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