The issuance of RMB is monitored and managed by the People's Bank of China.

Specifically, the issuance of RMB means that the People's Bank of China puts the issuance funds into the business library through the issuance library, so that part of the currency enters the circulation field.

The currency issuance of the People's Bank of China is mainly realized through the cash collection and payment business activities of ordinary banks.

Deposits and withdrawals from commercial banks must be made through opening a deposit account at the People's Bank of China.

The People's Bank of China handles cash deposits and withdrawals from commercial banks during business hours.

Cash deposits and withdrawals from commercial banks to the People's Bank of China shall be handled by the commercial bank where the account is opened; cash at the grassroots level (location) of the commercial bank where the account is opened shall be transferred to the People's Bank of China after being adjusted by the commercial bank where the account is opened.

When a commercial bank's grassroots branch has insufficient cash, the commercial bank should fill out a cash check and go to the local People's Bank to withdraw cash from its deposit account balance. Then the RMB is transferred from the issuance library to the business library of the commercial bank's grassroots branch, which means that this

Part of the RMB entered circulation.

When the cash at a grass-roots branch of a commercial bank exceeds the inventory limit of its business library, the commercial bank shall fill in a cash payment slip for the excess part and submit it to the People's Bank of China.

The entry of this part of RMB into the issuance bank means that it has withdrawn from circulation.