The second series of

Renminbi The renminbi (; symbol: ¥; ISO code: CNY; abbreviation: RMB) is the official currency of the People's Republic of China and one of the world's most traded currencies, ranking as the fifth most traded currency in the world as of April 2022. ...

banknotes was introduced on March 1, 1955. Together with the introduction of the second series, the decimal point was moved 4 places to the left. As a result, one first series ¥10,000 note is equivalent to one second series ¥1 note.

Coins

Though rarely used, coins of the 2nd series are still valid in the PRC, and the PBC also put new coins to the market.

Banknotes

Each note has the words "People's Bank of China" as well as the denomination in the Uyghur,

Tibetan Tibetan may mean: * of, from, or related to Tibet * Tibetan people, an ethnic group * Tibetan language: ** Classical Tibetan, the classical language used also as a contemporary written standard ** Standard Tibetan, the most widely used spoken dial ...

and Mongolian (but not Zhuang, as the Zhuang alphabet was not invented yet) languages on the back, which has since appeared in each series of Renminbi notes. The denominations available were: The ¥3, ¥5 and ¥10 notes of 1953 series were printed in the

Soviet Union The Soviet Union,. officially the Union of Soviet Socialist Republics. (USSR),. was a transcontinental country that spanned much of Eurasia from 1922 to 1991. A flagship communist state, it was nominally a federal union of fifteen national ...

. As a result of the Sino-Soviet split, the Soviets started printing these banknotes as counterfeits as a part of Economic warfare against China and thus such counterfeit notes were found in Xinjiang after several border conflicts. The use of the 1953 series banknotes was halted on April 15, 1964, to be withdrawn and these banknotes were recalled completely on May 15, 1964. The 1953 series is the only series of Renminbi to include a ￥3 banknote. Except for the ¥3, ¥5, ¥10, ¥0.01, ¥0.02, and ¥0.05 banknotes of the 1953 series, all banknotes were recalled completely on January 1, 1999. The use of the three ¥0.01, ¥0.02, and ¥0.05 banknotes was halted on July 1, 2003, to be withdrawn and these banknotes were recalled completely on April 1, 2007.

References

{{DEFAULTSORT:Renminbi 2 Coins of China Banknotes of China Renminbi Currencies introduced in 1955 Chinese numismatics