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... authority to manage it?

In principle, all authority resided with the Emperor Xuande. However, in reality, it was those delegated by him who were issuing the currency.

It was at this juncture that the three major political forces of the Ming clashed head-on.

The bureaucratic faction centered around the Cabinet Secretaries, the eunuchs, and the Imperial Guard all claimed that they should oversee and supervise the issuance of the currency.

The officials in charge of ...

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