These notes proved more popular locally than Chinese legal tender notes and, due to a mistaken belief in the existence of a gold-redemption clause, they commanded a premium when exchanged for Central Reserve Bank notes of the Nanking National Government.
The popularity of local currency notes over those issued by the Chinese government, and their inflated value due to a misunderstanding about a gold-redemption clause, led to them being exchanged at a premium for notes issued by the Central Reserve Bank of the Nanking National Government.