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banknotes: ¥1, ¥10, ¥20, ¥50; coins: ¥0.1, ¥0.5, ¥1; A new 2020 edition was also introduced on July 8, 2020, for the ¥5 banknote, and was issued into general circulation on November 5, 2020. The new design is similar to the banknotes of the 1999 and 2005 edition, with some changes made to the printing patterns of both bills and coins.
The ¥50 note features an intellectual, a farmer, and an industrial worker, characteristic Chinese communist images. The other banknotes show portraits of people from 14 different ethnic groups found in China, especially ethnic minorities. Banknotes were introduced in denominations of 0.1, 0.2, 0.5 (1, 2, 5 jiao), 1, 2, 5, 10, 50 and 100 yuan.
On 26 November 2015, the People's Bank of China issued a blue ¥100 commemorative note to commemorate aerospace science and technology. [1] [2] In commemoration of the 70th Anniversary of the issuance of the Renminbi, the People's Bank of China issued 120 million ¥50 banknotes on 28 December 2018.
The abbreviation RMB is not an ISO code but is sometimes used like one by banks and financial institutions. The currency symbol for the yuan unit is ¥, but when distinction from the Japanese yen is required RMB (e.g. RMB 10,000) or ¥ RMB (e.g. ¥10,000 RMB) is used.
The first series of Renminbi banknotes was introduced during the Chinese Civil War by the newly founded People's Bank of China on December 1, 1948, ten months before the founding of the People's Republic of China itself. It was issued to unify and replace the various currencies of the communist-held territories as well as the currency of the ...
Banknote printing facilities are located in Beijing, Shanghai, Chengdu, Xi'an, Shijiazhuang, and Nanchang. The state-owned company, headquartered in Beijing's Xicheng District is the world's largest money printer by volume. With more than 18,000 employees, it runs more than 10 highly secure facilities for the production of banknotes and coins. [2]
The other series was denominated in "yuan" and were known as Yinyuan Piao (銀元票) and were issued in the denominations of 1 yuan, 5 yuan, 10 yuan, 50 yuan, and 100 yuan. [11] In the year 1907 the Bank of the Ministry of Revenue was renamed to the Da-Qing Bank (大清銀行), accordingly the inscription on all banknotes had to be changed to ...
Following the defeat of Japan in 1945, the bank was re-established and issued one final series of currency in 1949 in denominations of 1, 5, 10 and 50 cents, and 1, 5, 10 and 100 Yuan. Two million dollars' worth of the 1918 notes were withdrawn by the bank under the orders of Dr Sun Yatsen, to fund military activities during 1921–22.