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A jiao (/ dʒ aʊ /; Chinese: 角), or mao (Chinese: 毛) (Cantonese: hou [Chinese: 毫]), is a unit of currency used in China, including the Mainland, Taiwan, Hong Kong and Macao. One jiao is equal to 1 ⁄ 10 of a yuan or 10 fēn (分). The Renminbi has coins of 1, 2 and 5 jiao. [1] The 2 jiao coin is no longer in circulation.
During the Imperial period, banknotes were issued in denominations of 1, 2 and 5 jiao, 1, 2, 5, 10, 50 and 100 yuan, although notes below 1 yuan were uncommon. The earliest issues were silver coins produced at the Guangdong mint, known in the West at the time as Canton, and transliterated as Kwangtung, in denominations of 5 cents, 1, 2 and 5 ...
1 jiao (¥0.1) 19 mm Aluminium alloy Plain Bank title, value, year of minting Orchid, with pinyin bank title 1999-2005 2000-10-16 Current 5 jiao (¥0.5) 20.5 mm Copper alloy-plated steel: Alternating between reeded and smooth Bank title, value, year of minting Lotus, with pinyin bank title 2002-2018 2002-11-18 Current ¥1 25 mm Nickel-plated steel
As of 2019, renminbi banknotes are available in denominations of ¥0.1, ¥0.5 (1 and 5 jiao), ¥1, ¥5, ¥10, ¥20, ¥50 and ¥100. These denominations have been available since 1955, except for the ¥20 notes (added in 1999 with the fifth series) ¥50 and ¥100 notes (added in 1987 with the fourth series).
After adjusting the currency value with ratio 1:10,000 in March 1955, the second edition of Renminbi were issued in 12 denominations, including 1 fen, 2 fen, 5 fen, 1 jiao, 2 jiao, 5 jiao, 1 yuan, 2 yuan, 3 yuan, 5 yuan and 10 yuan. The People's Republic of China began issuing aluminum coins in December 1957, in denominations of 1, 2 and 5 fen.
The Yuan was subdivided into 10 jiao (角), 100 fen (分) or 1000 li (釐). Coins were issued in denominations of 5 li up to 10 fen . In 1944 and 1945, Manchukuo issued coins (1 and 5 fen ) made of what the Standard Catalog of World Coins describes as "red or brown fiber", resembling cardboard .
One fen is equal to 1 ⁄ 100 of a yuan or 1 ⁄ 10 of a Chinese jiao. Renminbi were issued in coin denominations of 1, 2, and 5 fen [1] and also banknote denominations of 1, 2, and 5 fen. [2] The character 分 is also used to translate "cent" in other currencies. A euro cent is called 欧分; 歐分; Ōufēn in Chinese.
In practice, the customs gold unit lost all its special features and simply became equivalent to 20 Chinese legal tender dollars (CGU1 = CNC$20). When Nationalist troops and officials arrived in Shanghai in 1945, they brought with them newly printed notes of 20 and 50 customs gold units.