Temür was opposed to imposing any additional fiscal burden on the people. Exemptions from levies and taxes were granted several times for part or all of the Yuan. After his enthronement, Temür exempted Khanbaliq (Dadu, modern Beijing) and Shangdu from taxes for a year. He also exempted the Mongol commoners from taxation for two years. In 1302 he prohibited the collection of anything beyond the established tax quotas. The financial state of the government deteriorated, however, and the draining of monetary reserves greatly weakened the credibility of the paper currency system. Corruption among officials of the Yuan became a problem.