(1) Propose the RMB issuance plan and determine the annual money supply. The head office of the People's Bank of China puts forward the plan of currency issuance and withdrawal every year according to the national economic and social development plan, and organizes its implementation after being approved by the State Council. Including the design, printing and storage of paper money.

(2) the State Council approved the money supply plan approved by the People's Bank of China.

(3) Appropriating the issuance funds. The issuing fund is the currency to be issued which is kept by the central bank for the country. It is a reserve for currency issuance and does not have the nature of currency. It shall be kept by the people's banks at all levels that set up the issuing bank and managed by the head office. The right to use the issuing fund belongs to the general library.

(4) Daily cash receipts and payments in ordinary banks. The currency issuance of RMB is mainly realized through the cash receipt and payment business activities of commercial banks. After the commercial bank transfers the issuance funds from the issuing bank of the People's Bank of China to the commercial bank, it pays all units and individuals from the commercial bank through the cash register, and RMB banknotes enter the market. This is called "cash delivery".

At the same time, commercial banks have to recover a certain amount of cash from the market every day. When the inventory currency of the business warehouse exceeds the prescribed limit, the excess shall be sent to the issuing bank for safekeeping. This is called "cash return". The process from the issuing bank to the operating bank is called "outbound", that is, currency issuance; The process of refunding money from the business library to the distribution library is called "warehousing", that is, refunding money.

Extended data

The current currency issuance system actually refers to the issuance system of non-cash credit currency. The currency issuance system in western countries inherits the management mode of issuing bank notes, and emphasizes the supervision of the state to ensure the moderate issuance of currency and maintain the stability of the currency value in the country and even in the region. Almost all countries concentrate the right to issue currency in their respective central banks, stipulate the maximum amount of issuance and the conditions for flexible issuance, and stipulate the corresponding guarantee conditions for issuance.

China's currency issuance right is centralized in the People's Bank of China, which implements highly centralized management and adheres to the principle of economic issuance. Except the People's Bank of China, no region, unit or individual may issue any currency or issue currency in disguised form, nor have the right to use the national currency issuance fund. Renminbi is issued through the national bank credit plan.

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