What is the Chinese currency?

The history of Chinese currency dates back to the neolithic era, while the paper currency was first used in the 9th century AD. The current currency published by the People's Republic (PRC) is known as Renminbi and contains two common denominations. The largest designation of the Chinese currency is Yuan, while Jiao equals 10 yuans. The third designation, bitch, is worth 100 yuan, but may not be widely distributed. The joint embossing includes one Yuan, five Jiao and one Jiao coin, while the paper currency can be available in different denominations between one and 100 Juan. In addition to shells, archaeologists found copies of shells, which were made of materials such as wood, bones and copper. Bronze was later used as a currency during the Zhou dynasty. Some of the first metal coins when this period discovered the date to approximately 900 BC.

In 1947, the PRC replaced the Republic of China as the government of mainland China and shortly after it introduced its own form of Chinese currency. Renminbi, the name of this currency can be translated into English as mpeople . For a short time after its introduction, it was possible to replace 100,000 older gold yuans for one Renminbi Yuan. Then, in 1955, Renminbi was reassessed, where 10,000 old Yuan became one new Yuan.

Renminbi is a legal form of Chinese currency everywhere, but Hong Kong and Macau, each of which gives its own currency. Both of these cities existed as European colonies until the PRC was handed over at the age of 90. As part of the transfer, each city was allowed a certain level of autonomy. The Macau currency is Macanese Pataca while Hong Kong uses the Hong Kong dollar.

In addition to Renminbi, PRC also issues some other excavations. For example, Chinese silver pandas is a type of coin of embedded PRC. While these coins are considered to be a legal payment within the PRC, a limited number of embossed each year also makes a collector's item to some coins enthusiasts. The number of coins of coins mayfrom year to year to differ, from 50,000 to 600,000 to 600,000. As a form of statutory currency, Chinese silver panda can contain 90 to 99.9% silver, depending on the year they were driven.