The Evolution Process of RMB

Posted by Fifi Yang on Dec 2, 2015

The evolution process of RMB

The people's bank of China recently issued the fifth version of RMB 100 bills on November 12, 2015. Looking at samples, it is clear that the main body of the new bills are not changed significantly. Still dominating the bill's landscape is a large Mao Zedong head portrait. Seeing the familiar portrait of Chairman Mao got us thinking…who else has been on the RMB?

The evolution process of RMB

The evolution process of RMB

The first version of RMB---The highest denomination was 50,000 Yuan and contained images of workers and farmers.

Issued Date: 1st Dec, 1948

Background: The eve of the liberation war victory, chairman of the north China government, Dong Biwu said, before liberation of Pingjing, we need to build up the people's bank of China and issue a common currency in liberated area.

Type: 12 denominations and 62 different editions

The Highest denomination: 50000 yuan

The evolution process of RMB

The evolution process of RMB

The second version of RMB---Reflect the new style of China

Issued Time: 1st March, 1955

Background: Change the first set of RMB large denomination, improve the quality of printing. Zhou Enlai, Chen Yun and other central leaders personally put forward design opinions, to better reflect the new style and features of China.

Type:11 denominations and 16 different editions

The Highest denomination: 10yuan

民族大团结群像: Portraits of national unity

农妇和工人:Peasant woman and workers

The evolution process of RMB

The evolution process of RMB

The evolution process of RMB

The evolution process of RMB

The third version of RMB---The first fully independent design printing

Issued Time: 20th April, 1962

Background: After three years of tough economic times, it is necessary to vigorously develop production, make national economy began to recovery and development. At the same time in order to enhance the ability of combating with false money.

Type: 7 denominations and 13 different editions

The Highest denomination: 10yuan

教育与生产结合:Combine education and production

纺织女工:Seamstress

女拖拉机手:The tractor driver

车床工人:The lathe worker

炼钢工人:Steelworker

人民代表走出大会堂:People leaving the Great Hall of the People

The evolution process of RMB

The evolution process of RMB

The evolution process of RMB

The evolution process of RMB

The fourth version of RMB--- The first use leader's head portrait

Issued Time: 27th April, 1987

Background: Because of economic development, commodity retail sales increase, monetary demand increase. China adopted "one-time published, fractional issued" and promote anti-counterfeiting technology. After the founding of new China, the head portrait of leader appeared on the Ren Min Bi in the first time.

Type:9 denominations and 14 different editions

The Highest denomination: 100yuan

毛泽东、周恩来、刘少奇和朱德侧面浮雕

The side face of Mao Zedong, Zhou Enlai and Liu Shaoqi matrix.

工人农民知识分子 Workers, farmers and intellectuals

汉族和蒙古族 The Han and Mongol nationality

藏族和回族 The Tibetan and Hui Nationality

维吾尔族和彝族 The Uygaur and Yi Nationality

侗族和瑶族 The Dong and Yao Nationality

苗族和壮族 The Miao and Zhuang Nationality

布依族和朝鲜族 The Bouyei and Korean Nationality

高山族和满族 The Gaoshan and Manchu Nationality

The evolution process of RMB

The evolution process of RMB

The fifth version of RMB--- using unified Chinese leader Mao Zedong.

Issued Time: 1st Oct., 1999

Background: When the 50th anniversary of the founding of new China, China issued the fifth version of RMB and overcome the simple anti-fake measures of fourth set of RMB yuan and lack of machine-readable performance problems. They cancelled the 2 yuan and extra 20 yuan notes. Type:8 denominations and 16 different editions

The Highest denomination: 100yuan

六种面额纸币均使用毛泽东头像

All six denominations use unified Chinese leader Mao Zedong.

About The Author

Fifi Yang

Fifi Yang is a Chinese learning teacher at Hanbridge Mandarin. Having spent a great number of years learning French, Fifi understands the challenges of learning a language. She puts this experience to good use while preparing and delivering classes to her students.

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