Jiha

The Manchurian Muheren ( sign M; ISO 4217: MNM) is the official currency of Manchuria. The Muheren is issued by the Manchurian Central Bank, and is printed and minted at the National Mint in Cacungga.

Etymology
The word Muheren means "round" in Manchu language. This word has been chosen as the official name of the currency in 1951, and is comparable to the word "togrog" in Mongolia, yen in Japan, Yuan in China, and Won in Korea, all meaning "round" as well.

History
After the fall of the Manchukuo regime, the Soviet occupation forces issued the until 1946. Due to efforts to centralize the currency and stabilize prices in Manchuria, after the Soviet withdrawal, the new Manchurian People's Republic issued the Northeast Yuan. However, the currency was still viewed as unstable, as the threat of Kuomintang invasion loomed. Nevertheless, after inflation during the Korean War, the Manchurian People's Republic introduced the Muheren, which is according to the regulations of the Manchurian Central Bank, was to be valued with 1 Northeast Yuan. In July 18, 1951, the currency swap began, which was completed in 1952. From the start, the Muheren is printed in Manchurian Cyrillic in an attempt to distance itself from China.

After the fall of the communist regime, inflation became rampant until in 1997, where the Manchurian Muheren is valued at 120 MNM against 1 US Dollar. The currency rate stabilized in 2009 and as of 2021, the Muheren stands at 60.33 per 1 US Dollar.

Currency Production
Production of banknotes and coins is carried out through the National Mint in Cacungga. The National Mint is a state-run company (Gurun-i Acabutu) subordinate to the Manchurian Central Bank, and has sole authority over currency design and the amount of money issued. Once minted or printed, the new coins and bills are transported to the Central Bank’s vault in Cacungga and shipped to major commercial banks as requested. From there, they are given to customers making cash withdrawals, or to other state companies that issue change. Traditionally, the Central Bank releases new money in the New Year.