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Qing dynasty coinage[a] was based on a bimetallic standard of copper and silver coinage. The Manchu-led Qing dynasty was proclaimed in 1636 and ruled over China proper from 1644 until its overthrow in 1912 as a result of the Xinhai Revolution.[1][2] The Qing saw the transformation of a traditional cash coin–based cast coinage monetary system into a modern currency system with machine-struck coins, while the old traditional silver ingots would slowly be replaced by silver coins based on those of the Mexican peso.[3][4] After the Qing dynasty was abolished, its currency was replaced by the Chinese yuan of the Republic of China.
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