Extended content:
The unit of RMB is yuan, and the unit of RMB token is jiao and fen. 1 yuan equals 10 angle, 1 angle equals 10 minute. People's Republic of China (PRC) has issued RMB for more than 60 years. With the development of economic construction and the needs of people's lives, it will be gradually improved and improved. So far, five sets of RMB have been issued, forming a multi-variety and multi-series monetary system, such as paper money and metal coins, ordinary commemorative coins and precious metal commemorative coins.
Except for 1, 2 and 5, the first, second and third sets of RMB have been withdrawn from circulation, and the fourth set of RMB was withdrawn from circulation on May 20 18/day (except for 1 minute, 5-cent notes and 1 yuan coins). The RMB currently in circulation is the fifth set of RMB issued in 1999.
1 999101day, on the occasion of the 50th anniversary of the founding of People's Republic of China (PRC), the People's Bank of China issued the fifth set of RMB in succession according to Decree No.268 of People's Republic of China (PRC) and the State Council. The fifth set of RMB * * * consists of eight denominations: 100 yuan, 50 yuan, 20 yuan, 10 yuan, 5 yuan, 1 yuan, 50 cents and 1 minute.
The fifth set of RMB is based on the major currencies with low denominations in the market, which actually assumes a large number of change roles, increasing the denomination of 20 yuan and canceling the denomination of 2 yuan, making the denomination structure more reasonable. The fifth set of RMB adopts the method of "one announcement and multiple issuance". 1 99965438+1October1,initial issue of 100 yuan notes; June 65438+1 October 65438+June 2000, 20 yuan paper money was issued, 1 yuan,1minute; September 1, 20065438, issued 50 yuan and 10 yuan banknotes; On June/KOOC-0/65438+/KOOC-0/October/KOOC-0/8, 2002, 50 5 yuan banknotes were issued; On July 30, 2004, 1 yuan banknotes were issued.
References:
Baidu encyclopedia RMB