The full name of RMB is the People’s Republic of China.
(RMB) is the legal tender of the People’s Republic of China. The People’s Bank of China is the competent authority for the administration of RMB and is responsible for the design, printing and issuance of RMB.
Is yuan, and the subsidiary currency units of RMB are jiao and fen.
A dollar is equal to 10 dimes, and a dime is equal to 10 cents.
For the phonetic alphabet of yuan capital Y plus two horizontal is “£¤”.
The renminbi is issued by the People’s Bank of China, the central bank of the People’s Republic of China.
The yuan is not legal tender in Hong Kong and Macau, China.
They have a sum which they decide to issue in accordance with the Basic Law.
However, some shops in Hong Kong and Macao accept RMB transactions, and some banks in Hong Kong have opened RMB accounts, allowing people to deposit, withdraw or transfer RMB cash.
On 24 December 2003, THE People’S Bank OF China APPOINTED Bank OF China (Hong Kong) LIMITED AS THE CLEARING BANK FOR RENMINBI business IN Hong Kong.
The basic unit of RMB is yuan.
One yuan is divided into ten dimes;
A dime is divided into 10 cents (1 yuan =10 cents =100 cents).
The current banknotes (the fifth set) include 100 yuan, 50 yuan, 20 yuan, 10 yuan, 5 yuan, 1 yuan, (the following is the fourth set, which is not in circulation but has not been officially announced)2 yuan, 5 jiao, 20 jiao, 1 jiao, (the following is the second set)5 cents, 2 cents, 1 cent;
However, one -, two – and five-cent notes or coins are very rare (paper pennies will be removed from the market as of April 1, 2007).
Ordinary coins are divided into 1 yuan, 5 dimes, dimes, 5 cents, 2 cents and 1 cent.
In Northern dialect, a circle is also called a “block”;
The horns are called “hairs”.
In Cantonese, “yuan, jiao and fen” are called “mosquito, millio and fairy” respectively.
By December 2021, RMB has been issued to the fifth set.
Of these, the first, second and third (notes) have been discontinued.
“Yuan”, “jiao” and “fen” of RMB are all infinite legal compensation, which is different from some currencies. For example, “yuan” is infinite legal compensation, while currencies below “yuan” are limited legal compensation.
Size of 100 RMB: 156mm long and 76mm wide.
RMB is the legal tender of the People’s Republic of China, the yuan is its most basic unit, 100 yuan is a denomination of RMB.
“£¤” is usually added before the number to indicate the amount of RMB.
RMB notes (notes) are available in the market for 100 yuan. The 100 yuan note is the largest denomination of RMB.
