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It was replaced in 1948 by the gold yuan at a rate of 150,000 north-eastern yuan to 1 gold yuan. In 1945, notes were introduced in denominations of 1, 5, 10, 50 and 100 yuan. 500 yuan notes were added in 1946, followed by 1,000 and 2,000 yuan in 1947 and 5000 and 10,000 yuan in 1948. Various, mostly crude, coins were produced by the Soviets.
Officials at the People's Bank of China also told the press that the latest issuance does not include a new 5-yuan note, which is being tested for new printing technologies in a bid to reduce counterfeiting of the Chinese currency. [9] The new ¥1 coin has been narrowed into 22.25 mm, 2.75 mm less than before.
The word yuan is widely used to ... The second series of renminbi banknotes was introduced on 1 March 1955 (but dated 1953). Each note has the words "People's Bank ...
In 1980, $1 bought 1.71 yuan. By 1995, $1 bought 8.37 yuan. (Note: The exchange rate in the chart is inverted to achieve a negative slope.) An 80% decrease in value! This has bolstered its export ...
Notes have been produced in 8 denominations: old types of 1 fen, 2 fen and 5 fen, as well as new issues depicting Mao Zedong: 5 yuan, 10 yuan, 20 yuan, 50 yuan and 100 yuan. In 2004, a 1 yuan note depicting Mao Zedong first came into production. Since 1999, coins have been produced in denominations of 1 fen, 2 fen, 5 fen, 1 jiao, 5 jiao and 1 yuan.
[1] This series is also called "Old Currency", which 10,000 yuan is equal to 1 yuan of the 2nd series and later (called "New Currency"). Due to the turbulent political situation at the time, the first series is rather chaotic, with many versions issued for each denomination.
On March 22, 2018, the People's Bank of China announced the Fourth series of the renminbi (excluding ¥0.1 and ¥0.5 banknotes and ¥0.5 and ¥1 coins [2]) would be recalled on April 30. After that date, notes of the Fourth series of the renminbi can be exchanged at any bank branch until April 30, 2019.
English: A banknote issued by the Central Bank of China while the Republic of China still administered the Chinese Mainland. This banknote is denominated in Chinese Gold Yuan which was introduced in a 1948 currency reform with an exchange course of 1 Gold Yuan = 3.000.000 Old Yuan.