INTERIM REGULATIONS ON PUNISHMENT FOR IMPAIRMENT
OF STATE CURRENCY

 (Promulgated by the Government Administrative
Council of the Central People's Government
April 19, 1951)

 

SUBJECT: FINANCE & BANKING

ISSUING-DEPT: STATE COUNCIL OF CHINA

ISSUE-DATE: 01/19/1951

IMPLEMENT-DATE: 04/19/1951

LENGTH: 446 words

TEXT:

[Article 1] These Regulations are formulated for the purpose of protecting our state currency and consolidating our state finance.

[Article 2] The state currency referred to in these Regulations means the currency issued by the People's Bank of China.

[Article 3] If the state currency is forged for counter-revolutionary purposes, the major culprits or those whose cases are serious shall be sentenced to death, those whose cases are less serious shall be sentenced to imprisonment for life or for a term of no more than 15 or less than 7 years and the whole or a part of their properties shall be confiscated.

If the state currency is counterfeited or the forged or counterfeit state currency is circulated for sale or put to use for counter-revolutionary purposes, the major culprits or those whose cases are serious shall be sentenced to death or imprisonment for life; those whose cases are less serious shall be sentenced to imprisonment for a term of no more than 15 or less than 5 years and the whole or a part of their properties shall be confiscated.

[Article 4] If the state currency is forged with the intention of seeking profits, the major culprits or those whose cases are serious shall be sentenced to death or imprisonment for life, those whose cases are less serious shall be sentenced to imprisonment for a term of not more than 15 or less than 3 years and the whole or a part of their properties shall be confiscated.

If the state currency is counterfeited or the forged or counterfeit state currency is circulated for sale or put to use with the intention of seeking profits, the major culprits or those whose cases are serious shall be sentenced to imprisonment for life or for a term of not more than 15 or less than 7 years and the whole or a part of their properties shall be confiscated; those whose cases are less serious shall be sentenced to imprisonment for a term of not more than 10 years or less than 1 year and fined as the court thinks fit; those whose cases are not serious shall be sentenced to corvee for a term of not more than 1 year or punished by fines as the court thinks fit.

[Article 5] Those who spread rumours or use other means to damage the credit of the state currency shall be sentenced to imprisonment for not more than 5 years or punished by fines.

Those who commit the above crime for counter-revolutionary purposes shall be sentenced to imprisonment for a term of not more than 15 or less than 5 years, the major culprits or those whose cases are serious shall be sentenced to death or imprisonment for life and the whole or a part of their properties shall be confiscated.