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After the People's Bank of China printed banknotes, where did the money go?

After the People's Bank of China entrusts the printing agency to complete the printing, the newly printed banknotes will be sealed, and then the printing enterprise will pay all the qualified RMB produced to the issuance warehouse designated by the People's Bank of China. These issuance warehouses are distributed in various provinces, municipalities and autonomous regions in my country.

There will be specialized escorts to transport it to the issuance warehouse of the People's Bank of China branch at the next level or smaller level, and then transport it to the branches of banking financial institutions in various places.

Then when ordinary people go to bank branches or ATMs to withdraw money, they can withdraw these newly printed RMB. The printing and issuance of RMB are performed by the People's Bank of China.

Extended information: Article 8 of the "Regulations of the People's Republic of China on the Administration of Renminbi": RMB is printed by a specialized enterprise designated by the People's Bank of China.

Article 9 Enterprises that print RMB shall print RMB in accordance with the RMB quality standards and printing plans formulated by the People's Bank of China.

Article 10 Enterprises that print RMB shall hand over all qualified RMB products to the RMB issuance treasury of the People's Bank of China, and destroy all unqualified RMB products in accordance with the regulations of the People's Bank of China.