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The history of RMB in China
Brief introduction of RMB

The full name of People's Republic of China (PRC) is the legal tender of People's Republic of China (PRC).

Its official ISO 42 17 abbreviation is (China dollar), but the more commonly used abbreviation in the world is RMB (Ren Minbi); Generally, adding "RMB" before the number indicates the amount of RMB.

Article 15 of Chapter III of the Law of the People's Republic of China on the People's Bank of China stipulates that "the legal tender of People's Republic of China (PRC) is RMB".

1 948 65438+February1When the People's Bank of China was established, it began to issue the first set of RMB; March 1955, March 1 issue the second set of RMB; 1962 April 15, the third set of RMB was issued; The fourth set of RMB was issued on April 27th, 1987.

At present, the fifth set of RMB is the main one circulating in the market, and there are some fourth sets of RMB.

The unit of RMB is Yuan (Yuan) (RMB Yuan, abbreviated as "RMB" with "RMB" as the code).

The unit of RMB tokens is cents.

RMB has no legal gold content, and performs the functions of value scale, circulation means and payment means.

At present, there are 12 kinds of RMB * * circulating in the market, which are 1, 2, 5 cents, 1, 2, 5, 1 0, 20, 50 and 65433 respectively.

According to the law, RMB over one yuan is the main currency, and the remaining cents and cents are the auxiliary currency.

Form a three-step system of primary and secondary coins, that is, 1 yuan = 10 angle = 100 minute.

According to the natural properties of materials, there are metal coins (also known as coins) and paper money (also known as paper money).

Both paper money and coins are in equal circulation.

The legal tender in People's Republic of China (PRC) is RMB (RMB for short), and the People's Bank of China is the national competent authority for RMB management, responsible for the design, printing and distribution of RMB.

The unit of RMB is yuan, and the unit of RMB token is jiao and fen.

1 yuan equals 10 angle, 1 angle equals 10 minute.

People's Republic of China (PRC) has issued RMB for more than 50 years. With the development of economic construction and the needs of people's lives, it will be gradually improved and improved. So far, five sets of RMB have been issued, forming a multi-variety and multi-series monetary system, such as paper money and metal coins, ordinary commemorative coins and precious metal commemorative coins.

Except for 1, 2 and 5 cents, the first, second and third sets of RMB have been withdrawn from circulation. At present, the RMB in circulation is the fourth set of RMB issued by the People's Bank of China since 1987 and the fifth set of RMB issued in 1999, and both sets of RMB are in circulation at the same time.

the first series of rmb

1 948 65438+February1,the People's Bank of China was established and issued the first set of RMB, with denomination of * * * 12, 62nd edition. Among them, there are 2 kinds of 1 yuan coupons, 4 kinds of 5 yuan coupons, 4 kinds of 10 yuan coupons, 7 kinds of 20 yuan coupons, 7 kinds of 50 yuan coupons, 5 kinds of 100 yuan coupons, 6 kinds of 200 yuan coupons, 6 kinds of 500 yuan coupons, 6 kinds of 1000 yuan coupons and 5 kinds of 5,000 yuan coupons.

The unified issuance of RMB is an important measure to welcome national liberation. It wiped out all kinds of currencies issued by * * * *, ended decades of inflation under the rule of * * * and the history of foreign currency and gold and silver coins trading in the market in China for nearly a hundred years, promoted the all-round victory of the people's liberation war, and played an important role in the economic recovery period in the early days of the founding of the People's Republic of China.

Second series of the renminbi

The second set of RMB was issued on March 1955 1, and the first set of RMB was recovered.

The conversion ratio of the second set of RMB to the first set of RMB is 1: 10000.

The second set of RMB * * * has 1 min, 2 min, 5 min, 1 min, 2 min, 5 min, 1 yuan, 2 yuan, 3 yuan, 5 yuan, 1 1 denomination, in which/kloc-0.

In order to facilitate circulation, from 1 957 65438+February 1, three coins of1,2 and 5 cents were issued, which were equivalent to paper.

On March 25th 196 1 and April 20th 1962, black 1 yuan coupons and brown 5 yuan coupons were issued respectively, and the faces and patterns were adjusted and changed.

Due to the high technical requirements of large denomination banknotes, the Soviet Union printed 35 10 yuan at that time.

The second set of RMB has a distinctive design theme, advanced printing technology, reasonable structure of main and auxiliary coins and novel design color.

The main landscape pattern embodies the characteristics of socialist construction in new China, and shows the battle course of China's * * * revolution and the theme of great unity of the people of all ethnic groups in China.

In the printing process, except coins, other coupons are overprinted with rubber gravure printing. Gravure printing plate is made by traditional hand carving method in China, which has a unique national style. Its advantages are deep pattern, thick ink layer and good anti-counterfeiting and anti-counterfeiting functions.

the third series of rmb

The third set of RMB was issued on April 20th, 1962. * * There are seven denominations of RMB 1, 2, 5, 1 yuan, 2 yuan, 5 yuan and 10. There are four versions of RMB 1.

In 1966 and 1967, 1 corner note has been modified twice, mainly by adding a full-page watermark and adjusting the background color.

The third set of positive patterns of RMB embodies the policy that China's national economy is based on agriculture, industry-led, and agriculture pays equal attention.

In printing technology, the third set of RMB inherits and develops the technical tradition and style of the second set of RMB.

In the process of plate making, elaborate carving, combining machines with traditional handwork, make patterns and patterns fine; Ink color matching is reasonable, and the color is novel and bright; The tissue paper is small and the pattern is beautiful and generous.

This set of RMB is the most socialist and innovative currency in the world. The theme screen is closely related to the improvement of productivity and is rich in scientific and technological elements.

This set of RMB issuance is in the era of planned economy, and currency issuance is considered to be a major event directly related to the national economic life and consolidating the dictatorship of the proletariat.

The socialist planned economy requires that production, circulation, distribution and consumption should be carried out in a planned way.

Therefore, currency issuance and material distribution are strictly balanced and arranged by the central government (instead of the People's Bank of China under the dictatorship of all rules).

It adheres to currency unification, consolidates an independent and long-term stable currency and becomes a rare stable currency in the world.

the fourth series of rmb

In order to meet the needs of economic development, further improve China's monetary system and facilitate circulation and transaction accounting, the People's Bank of China issued the fourth set of RMB, 1987, on April 27th.

* * * There are nine denominations of 1, 2, 5, 1 yuan, 2 yuan, 5 yuan, 10, 50 yuan and 100, of which 1, 5, 1 yuan has two kinds of banknotes and coins.

It is 50 100 yuan more than the third set of RMB.

In order to meet the needs of anti-counterfeiting RMB, on August 20th, 1992, the revised 1990 version of 50 yuan RMB and 100 coupon were issued, which increased the security line.

The fourth set of RMB has some innovations and breakthroughs in design concept, style and printing technology.

The theme pattern of the main scene embodies the theme that people of all ethnic groups in China unite to build Socialism with Chinese characteristics under the leadership of China.

In terms of design style, this set of RMB keeps and develops the traditional features of China national art. The pattern on the back of the main currency is based on China's scenic spots and historical sites, famous mountains and rivers, and the back decoration is decorated with patterns rich in China's national characteristics.

In the printing process, the main scene is all watermarked by large portraits, and the carving process is complicated; Banknote paper adopts full-page watermark and fixed portrait watermark respectively, which not only shows the line picture, but also shows the light and dark level. The technology is very high, which further improves the printing technology level and anti-counterfeiting ability of banknotes in China.

the fifth set of rmb

1 99965438+1 October 1, the People's Bank of China successively issued the fifth set of RMB, * * with eight kinds of RMB:1,50,1yuan, 5 yuan, 10 and 20 yuan.

According to the needs of market circulation, the fifth set of RMB increased the denomination of 20 yuan and cancelled the denomination of 2 yuan, making the denomination structure more reasonable.

The fifth set of RMB inherits the traditional experience of printing technology in China and draws lessons from the advanced technology of foreign banknote design, which greatly improves the anti-counterfeiting performance and adapts to the modernization of currency processing.

The currency of all denominations on the front adopts the head of Chairman * * * in the early days of the founding of the People's Republic of China, and the background adopts the famous flower pattern of China. The main landscape pattern on the back fully shows China's long history and magnificent mountains and rivers, and promotes the great culture of the Chinese nation.