The 5-yuan note in the 1970s was blue, and the pattern on it was a beautiful woman driving a tractor.
The legal currency of the People's Republic of China is RMB. The People's Bank of China is the national authority responsible for the management of RMB and is responsible for the design, printing and issuance of RMB.
The unit of RMB is Yuan, and the units of RMB minor currencies are jiao and cents.
1 yuan is equal to 10 jiao, and 1 jiao is equal to 10 cents.
The RMB symbol is the first letter of Yuan's pinyin, capital Y plus two horizontal lines, which is "?".
It has taken 71 years since the People's Republic of China issued the RMB. With the development of economic construction and the needs of people's lives, it has been gradually improved and improved. So far, five sets of RMB have been issued, forming banknotes, metal coins, ordinary commemorative coins and
A currency system with multiple varieties and series including precious metal commemorative coins.
In August 2020, the People's Bank of China released the "2020 RMB Internationalization Report". In 2019, the amount of cross-border RMB collection and payment by banks on behalf of customers was nearly 20 trillion yuan, a year-on-year increase of 24.1%, and the amount of collection and payment reached a record high.
The RMB has become the fifth largest payment currency and the fifth largest reserve currency in the world.
International Monetary Fund On January 5, 2020, the latest data released by the International Monetary Fund (IMF) showed that as of the third quarter of 2019, among the foreign exchange reserves held by central banks of various economies around the world, the RMB foreign exchange reserve assets were approximately 2196.2
billion, accounting for 2.01% from 1.97% in the second quarter, the highest level since the IMF reported on RMB reserve assets in October 2016.