Treasury bills with a face value of 5 yuan in 1985 can be exchanged for RMB. The treasury bills have expired and are usually exchanged to the local People's Bank. They can also be sold to the local stamp market, and the price will be higher.

In some areas, the People's Bank of China may designate one or two central branches of commercial banks to exchange at fixed points. You need to go to these places to communicate. But treasury bills have no interest when they expire, so even though they mature for a long time, they are still only redeemable for the interest on maturity.

Extended information

1. The 1985 treasury bills were planned to be issued for 4.2 billion yuan, but the actual issuance was 3.881 billion yuan. The annual interest rate was 9%, and the term was 5 years. The issuance date was January 1 of that year. From September 30th to September 30th, interest will be calculated from July 1st. There are four face amounts of treasury bills: 5 yuan, 10 yuan, 50 yuan and 100 yuan.

2. The shortest term of Chinese treasury bonds is one year, while Western countries have many varieties of treasury bonds, which can generally be divided into four types: 3 months, 6 months, 9 months and 1 year. The starting point for denominations varies from country to country. Treasury bills are in bearer form and can be transferred and circulated without endorsement.

3. Treasury bill interest rates are closely related to commercial bills, certificates of deposit, etc. Treasury bill futures can provide hedging for other certificates when their income fluctuates. Strong liquidity.

4. Although the interest rate of treasury bills is generally lower than that of bank deposits or other bonds, since the interest on treasury bills is exempt from income tax, investing in treasury bills can yield higher returns.

Baidu Encyclopedia-Treasury Bill Collection Method

Baidu Encyclopedia-Treasury Bills