Letter from Zhou Enlai to Stalin on the possibility of printing Chinese money in SU
January 22, 1952
Comrade Filippov!
We intend to carry out a monetary reform in the country in 1953. Due to the lack of capacity to print new banknotes in our country, we would like to ask the Soviet government to print for us banknotes in four denominations of 5, 10, 50 and 100 yuan with a total of 466,000,000 sheets (banknotes) on Soviet paper with watermarks.
Sep-Deliveries of 5- and 10-yuan banknotes totalling 450,000,000 sheets may be made during March-October 1953, and deliveries of the remaining banknotes may be completed in March 1954.
If you agree, we will send dedicated personnel to Moscow with samples and a detailed plan for this work to address this issue. Please let me know your views on this matter.
Zhou Enlai
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Zhengzhou Post and Telecommunications Bureau discovered counterfeit and revalued stamps. All other bureaus are advised to take note.
In 1953, the Ministry of Posts and Telecommunications send the following message:
"According to a report from the Henan Post and Telecommunications Administration, Comrade Ren Dongxu, Director of the Fourth Branch of the Zhengzhou Post and Telecommunications Bureau, observed someone bringing a revalued stamp to the bureau on May 12th to exchange for a small ticket. The revalued stamp was an olive green, Tiananmen Square stamp worth 2,000 yuan, with the words "Temporarily priced at 5,000 yuan" printed in red. The reprinting was illegible, and the spacing between the characters was uneven. Upon inquiring about the source of the stamp, the holder replied that they had purchased it in Beijing. Comrade Ren considered the matter suspicious and reported it to his superiors for investigation. He later inquired with the Beijing Bureau, who confirmed that the revalued stamp did not exist. The holder of the stamp had fled the scene.
Second, the various stamps issued by this department with the Tiananmen design have not had their value altered by any additions. The aforementioned "Temporarily priced at 5,000 Yuan" stamp is indeed a counterfeit using a 2,000 Yuan stamp. All bureaus are urged to pay close attention, especially those involved in stamp sales, sorting, and ticketing. They must conduct thorough inspections at all times. If any stamps with altered Tiananmen design are discovered, the source must be investigated immediately so the counterfeiters can be apprehended." [↩]