The gold standard was implemented, and the Han Yuan was the legal currency of the Han Dynasty.
1 Han Yuan = 1 gram of gold, according to the gold exchange rate of each country's currency at that time.
1 pound = 7.3 Chinese yuan
1 franc = 0.29 Chinese yuan
1 US dollar = 1.5 Chinese yuan,
1 German gold mark = 10 German marks = 3.58 Chinese yuan
1 ruble = 0.77 Chinese yuan.
1 kuping of silver = 37.3 grams = 1.86 Han yuan
The weights and measures system of the Qing Dynasty was mainly the "Kuping system", which was basically the same as that of the Ming Dynasty. One pound is approximately equal to 600 grams (a little over 597 grams) in the international standard system.
Prices in the late Qing Dynasty
The number of soldiers in the Green Camp is about 2 taels. The Hunan Army implements double pay, which is 4 taels. Individual troops are 4.2-4.5 taels. The Huai Army is also about 4 taels. One tael of silver can buy 60 kilograms of rice in the late Qing Dynasty. In theory, it is enough for soldiers to live.
, but this is only in theory. The problem of withholding military pay was common in the military system of the late Qing Dynasty. It was especially serious for the Green Camp Army. Soldiers would be lucky if they could get half of their salary. In addition to deductions, there were also arrears of pay. The Huai Army implemented nine
According to the regulations, nine months a year are paid, three months are in arrears, and they are repaid later. From this aspect, we can also see why the combat effectiveness of soldiers in the late Qing army is generally not high. Military pay is generally not deducted, no pay is owed, and pay is paid on time.
The combat effectiveness of the troops is relatively high, such as the Hunan-Huai Army in the early stage and the Beiyang Army during Yuan Shikai's small station training period.
When the British recruited mercenaries in Shandong, they paid them on time without any deductions or arrears. As a result, they attracted a large number of veterans of the Chinese army to join the Huayong Company.
The Zhenyuan ship was a dome-armored cruiser with a construction cost of 305,000 pounds (the pound to silver ratio was a little more than 1:4). It was one of the world's first-class warships at that time.
The Yoshino cost 300,000 pounds. It was originally purchased by the Qing government, but the money spent on the ship was used to build the Summer Palace.
Cixi spent about 30 million taels of silver, about 7.5 million pounds, before and after repairing the Summer Palace, including transfers from the Ministry of Revenue, donations from local governments, and misappropriation of the navy's expenses for buying warships.