China in 1946 – Hyperinflation and Living Costs Spiral – The Menu at the Hotel Imperial, Tientsin

China’s inflation rate went through the roof in 1946 and the Chinese $ vs US$ exchange rate had to through something of a revision! For a while in early 1946 China’s foreign exchange rate was maintained at CN$20 to one US$. It was not until March, 1946, that the exchange rate was revised and raised to 2,020 to one, and again to 3,350 to one in August of the same year. Here’s a stark representation of living costs in Tianjin in June 1946….