However, the devaluation of RMB against NT 15% is due to political considerations, which basically returned to the level before Ma Ying took office in 2008. Taiwan Province Province has a small market, and its economy is export-oriented, and many of them rely on exports to the mainland. The appreciation of NTD against RMB will greatly reduce the competitiveness of Taiwan Province's products exported to the mainland.
In order to meet the requirements of economic development and market currency circulation, the People's Bank of China issued the fifth set of RMB on the 50th anniversary of the founding of the People's Republic of China. The fifth set of RMB * * * has eight denominations: 1.50, 1 yuan, 5 yuan, 10, 20 yuan, 50 yuan, 100, of which 1 yuan includes two kinds of banknotes and coins.