The customs gold unit was a currency issued by the Central Bank of China between 1930 and 1948. In Chinese, the name of the currency literally “customs gold yuan” but the English name given on the back of the notes was “customs gold unit”. It was divided into 100 cents. As the name suggests, this currency was initially used for customs payments, but in 1942 it was put into general circulation for use by the public at 20 times its face value in terms of the first Chinese yuan. The customs gold unit was adopted on 1 February 1930 to replace the Haikwan or Customs tael as the standard for customs payments. It was defined as equal to 601.866 mg fine gold or US$0.40. CGU notes were fully backed by silver and were legal tender for paying import duties.

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