1, measure the value: using RMB to measure the daily necessities, it can be more simple to judge whether there is a need to buy or store;
2. Circulation: the more people spend money, the more they have money to spend, the more they save, the more they have no money to make their assets flow;
3, : old or special meaning of the money is the most valuable, often around the collection of serial Yuan players;
4. Payment: The popularity of online payment leads to a decrease in the transaction volume of RMB notes;
5, : may be used when going abroad, foreign currency exchange;
6. Maintain stability: RMB deposit is an important factor to ensure happiness in life.
1. On December 1, 1948, the People’s Bank of China was established and issued;
2. Officially issued on March 1, 1955, and recovered the first set of RMB;
3. Released on April 20, 1962.
4. Issued by the People’s Bank of China on April 27, 1987;
5. Issued by the People’s Bank of China on October 1, 1999.
RMB is legally issued by the People’s Bank of China. It is “yuan”, and the subsidiary units are “jiao” and “fen”.
RMB 1 yuan is equal to 10 dimes, and RMB 1 dimes is equal to 10 cents.
The currency types of the renminbi include notes and coins.
Yuan notes denomination include Angle of “1”, “5”, “1 yuan”, “5”, “10 yuan”, “20 yuan”, “50 yuan”, “100 yuan” eight;
The coins come in six denominations: “1 cent”, “2 cents”, “5 cents”, “10 cents”, “5 cents” and “1 dollar“.
The People’s Bank of China is the competent authority in charge of renminbi administration in the People’s Republic of China and is responsible for the design, printing and issuance of Renminbi.
Along with the continuous, healthy and rapid development of the socialist market economy, the social demand for currency is also increasing day by day. Perfect the printing, anti-counterfeiting measures and the circulation of the market have become an important task of development in China.
Expectations of an aggressive rate hike faded, the dollar struggled to recover after hitting its lowest level in a week and the euro‘s outlook was clouded by a cut in the European Union’s economic outlook.
Please pay attention to the specific operation, the market is changing rapidly, investment needs to be cautious, the operation strategy is for reference only.
