Who invented the RMB?

In 1948, with the smooth progress of the People's Liberation War, the scattered liberated areas quickly became one. In order to adapt to the development of the situation, a unified currency was urgently needed to replace the original variety of various currencies that were inconvenient to convert. Liberated area currency.

For this reason, on December 1, 1948, the People's Bank of China was established in Shijiazhuang City, Hebei Province, and began to issue a unified RMB on the same day. Comrade Dong Biwu, then chairman of the North China People's Government, inscribed the set of RMB with the inscription "People's Republic of China" Bank name.

Extended information:

The legal currency of the People's Republic of China is RMB. The People's Bank of China is the national competent authority 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 are jiao and cents; 1 yuan is equal to 10 jiao, and 1 jiao is equal to 10 cents. The symbol of RMB is the capital Y of the first letter of the pinyin of Yuan plus two horizontal lines, that 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 a banknote and A currency system with multiple varieties and series including metal coins, ordinary commemorative coins and precious metal commemorative coins.

Except for the 1, 2 and 5 cent coins, the first, second and third sets of RMB have been withdrawn from circulation, and the fourth set of RMB will cease circulation on May 1, 2018 ( (Excluding 1 jiao and 5 jiao banknotes and 5 jiao and 1 yuan coins), the RMB currently in circulation is mainly the fifth set of RMB issued in 1999[1].

On January 20, 2016, the People's Bank of China revealed at a meeting here that it would strive to launch a digital currency issued by the central bank as soon as possible. The meeting believed that under China's current economic new normal, it is necessary to explore the digital currency issued by the central bank. Digital currency has positive practical significance and far-reaching historical significance.

Baidu Encyclopedia-RMB