Banknotes from the Reformed Government of the Republic of China
The Reformed Government of the Republic of China was a Chinese puppet state created by Japan that existed from 1938 to 1940 during the Second Sino-Japanese War. The regime had little authority or popular support, nor did it receive international recognition even from Japan itself, lasting only two years before it was merged with the Provisional Government into the Reorganized National Government of the Republic of China under Wang Jingwei.
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