1978 After the Third Plenary Session of the Eleventh Central Committee, the State Administration of Foreign Exchange (SAFE) under the China Municipal Government decided to announce the cash spot, bid price/selling price and median price to the citizens of the whole country irregularly every Friday or so. Mainly in the form of US dollars and Hong Kong dollars, the prices of several major foreign currencies were converted (such as US dollars, Japanese yen, German marks, British pounds and Hong Kong dollars). Moreover, at that time, foreign exchange control was very strict, and it was necessary to exchange foreign exchange at a designated bank (China Bank), show your passport and

Rmb cash can be converted into quantitative foreign currency cash after a lot of procedures (individuals can't exchange foreign currency cash).

Therefore, we can only provide the conversion rate of Japanese yen to RMB after 1979. (Very little information is available. Perhaps the unofficial data is 1968 1 USD to 1.2 yuan RMB, 1 USD to 360 yen (1 RMB to 300 yen), which is converted into 100 yen to 0.33 RMB-?. ! Now 100 yen is about 6.33 yuan)

According to my investigation, I will tell you the following data of 1979: the annual average price of 1 is USD/JPY 219.45438+0;

In 1979, the average annual price of USD against RMB is 1 USD 1.5550 RMB.

Converted into 100 yen to 0.7 1 RMB. Take this as an example to illustrate.