Abstract: Money management is accompanied by the formation of the monetary system. The monetary management problem of medieval England was caused by wear and tear, clipping, counterfeiting, and smuggling of coin and the outflow of precious metals in circulation. To this end, the King promulgated a series of statutes to punish illegal activities, sent officials to search business travelers in the main ports and markets to resist the inflow of inferior coins, prohibited the use of the bill of exchange to prevent the outflow of domestic coins and precious metals, and carried out massive recoinage to improve currency circulation.These measures reflected the main features of the King's monetary policy, namely controlling the minting and issuing of coin, eliminated inferior foreign currency in circulation, maintaining a high standard of coin,and resisting the outflow of the domestic precious metals. Medieval England's monetary management measures and successful experiences,for instance, the heightened control of coinage rights and monetary value, have very important implications for contemporary China's currency control.