In the past 70 years, the version has been changed five times, why is the renminbi constantly revised
In everyday life, the renminbi is closely related to everyone. For China, the monetary nature of the RMB is not only a cultural carrier handed down from ancient times, but also an important symbol of China's economic development.
For most people, the yuan is also called"Money"。Banknotes come in six denominations: $100, $50, $20, $10, $5, and $1. In the 70 years since its release, there have been five different versions of the renminbi, each with a different design, that has been well received by the public. So why does the renminbi keep changing versions? What's the mystery behind this?
With the continuous changes of the times, China's economic development and cultural landscape have also had unique charms at different stages. As an important part of the development of the times, the design of each version of the renminbi has a different historical background and development significance.
The first set of renminbi was issued on December 1, 1948 by the People's Bank of China, which was founded by **People**. The birth of the renminbi is of great significance to China.
At that time, the types of currencies used in China were not yet fully standardized, which led to a serious situation of chaotic circulation of various foreign currencies and local currencies in the market. This situation also exacerbated the monetary inflation of the time.
In order to unify the currency market and meet the political demands of the time, the financial institutions of the time stopped using foreign currency and gold and silver for transactions, issued the first edition of the banknote, and stipulated that it was the official currency, thus allowing the renminbi to occupy the domestic market. This led to the emergence of a monetary policy dominated by the renminbi.
The theme of the first set of renminbi designs mainly revolves around the economic construction of the time and the life scenes of people in the new society.
The first set of renminbi denominations included a workers' and peasants' version and a factory version; The five-yuan denominations are respectively a sailing version, a sheep version, an oxcart version, and a warp version; The 10 yuan denomination is divided into field irrigation version, carpentry version, train version and worker and agricultural version;
The 20 yuan denomination has a fertilizer version, a trolley version and a Wanshoushan version (A and B); The 50 yuan denomination includes the train and bridge version (A and B), the industrial and agricultural version, the road roller version and the water and mine trolley version.
Most notably, the first set of renminbi also has three special editions in denominations of 500 yuan, 1000 yuan, and 5000 yuan. All three denominations are unique and have never appeared again in subsequent versions.
Due to the socio-economic situation at that time, people's monthly income was only a few tens or even a few hundred yuan, which led to the fact that the denominations of the first set of renminbi were not often used by many people. On March 1, 1955, in order to further improve the monetary system, the second set of renminbi was officially issued.
The biggest improvement over the first set of renminbi is the addition of metal currency, commonly known as renminbi coins. The new coins come in denominations of 1 cent, 2 cents and 5 cents, banknotes come in denominations of 1 cent, 2 cents, 5 cents, 1 yuan, 2 yuan, 3 yuan, 5 yuan and 10 yuan, and there are 15 different versions of each of the 11 denominations.
The issuance of the second set of renminbi not only solved the problem of excessive consumption, but also brought China in"Banknotes and coins are mixed and circulated"new currency model. In terms of configuration, the second set of renminbi has also undergone significant changes.
The obverse of the second set of renminbi depicts cars, airplanes, ships, trains, tractors, Tiananmen Square, Jinggang Mountain, Baota Mountain, and statues of workers, peasants and soldiers on the national unity. The back pattern is the national emblem and colorful peonies. The design of each page is personally approved by ***, and the size of the banknote also increases according to the different amounts, integrating beauty and rigor.
The third set of renminbi was officially issued on April 20, 1962. At that time, due to the small issuance of the second set of renminbi, the currency circulating in the market was extremely scarce.
The manufacturing process of the first two sets of RMB is relatively simple, the printing anti-counterfeiting means are too simple, and the technology of criminals is updated frequently, resulting in the RMB anti-counterfeiting means being cracked one by one, and a large number of counterfeit coins that are difficult to find appear on the market for a while"Counterfeit money is rampant"。
In order to eliminate this problem, **People** decided to independently develop a set of currencies with new anti-counterfeiting features, thereby updating and upgrading the yuan.
In terms of denomination, the third set of renminbi is the same as the previous set of renminbi, except that the third set of renminbi has eliminated the three-yuan denomination banknotes and added four coins: one jiao, two jiao, five jiao and one yuan.
In terms of design, the third set of RMB adopts multi-color printing technology, which not only makes the banknotes richer in color, but also greatly improves the anti-counterfeiting performance. At the same time, the third set of renminbi also reduced the size of the banknotes and added a full-page watermark, which greatly improved the quality.
Since China entered a new era of reform and opening up, earth-shaking changes have taken place in its social structure and economic development trend. Due to the continuous increase of people's income, the small denomination of the third set of renminbi can no longer meet people's daily economic consumption, and on April 27, 1987, the fourth set of renminbi was launched.
To increase the number of large-denomination banknotes, the fourth set of renminbi added 50 yuan and 100 yuan denominations. The set of renminbi includes nine different denominations, with the largest denomination of 100 yuan and the smallest denomination of 1 cent, for a total of 28 different versions.
In addition, due to the continuous improvement of printing and anti-counterfeiting technology, the fourth set of commercial banknotes also adopts new technologies such as ** digital, security thread, fluorescent fiber, etc., to achieve extremely high anti-counterfeiting standards.
It can be said that the fourth set of renminbi has laid a good practical and security foundation for China to adapt to the development of the commodity economy and strengthen its influence in the international arena.
On October 1, 1999, the first edition of the most famous fifth set of renminbi was officially released. The fifth set of renminbi is divided into eight denominations, including 100 yuan, 50 yuan, 20 yuan, 10 yuan, 5 yuan, and 1 yuan banknotes, as well as 5 and 1 cent coins.
Since it was first published in 1999, the fifth set of renminbi has undergone several revisions in 2005, 2015, 2019, and 2020. However, although there are different versions of the fifth set of renminbi, its design has been retained and is still in use today.
The fifth set of six banknotes features a famous floral motif on the front and a reverse, featuring the country's most famous landscapes and architecture.
For example, the front of the 100 yuan note is a plum blossom symbolizing justice, and the reverse is the Great Hall of the People, a landmark in Beijing. The front of the 50 yuan note is a chrysanthemum, which is regarded as the flower of longevity, and the reverse is the majestic Potala Palace;
The front of the 20 yuan banknote is the king of flowers, the lotus flower, and the back is the landscape of Guilin; The obverse of the 10 yuan coin is the moon flower known as the queen of flowers, and the reverse is the majestic Kuimen landscape; The obverse of the 10-yuan coin is the Kuimen landscape, and the reverse is the majestic Kuimen landscape. The obverse of the 10 yuan coin is a moon flower, and the reverse is a majestic Kuimen;
The obverse of the five-dollar note features a daffodil, which is called"Narcissus", the back pattern is Mount Tai, one of the most famous peaks in China; The front of the one-yuan banknote is an orchid, and the back is a moon in three pools, one of the ten views of West Lake.
In the design of the coin, the front of the one-yuan coin is printed with a chrysanthemum pattern, the five-cent coin is printed with a lotus pattern, the one-cent coin is printed with an orchid pattern, and the reverse is the overall pattern of China's national emblem. This coin is based on a very solemn ceremony and shows the deep cultural connotation of our country.
At the same time, the anti-counterfeiting function of the fifth set of RMB has also been optimized again, not only using new technologies such as three-dimensional watermark and photo-changing ink, but also adopting light-changing hollow anti-counterfeiting insurance, window opening digital and other anti-counterfeiting methods that are far ahead in the world. This has also increased the cost of counterfeiting for criminals, and to a large extent cracked down on the production and sale of counterfeit and shoddy goods.
From the above introduction of the five sets of renminbi, it is not difficult to see that the multiple revisions of the renminbi involve many aspects.
First of all, with the development of the economy and the progress of society, the circulation demand of money is also constantly changing. In order to better adapt to these changes, the renminbi must constantly adjust and reform. Just like the previous renminbi series, although there were no coins, people realized in practice that the demand for small amounts of money was still strong, so coins were issued;
When the economic conditions of the residents improved, and the small denomination currency could not meet the expanding consumer demand, the 100-yuan bill would keep up with the changes of the times and be published. These examples all show that the reason why the renminbi is constantly updated is to serve the public and serve the essence of society.
Secondly, the improvement of anti-counterfeiting technology is also one of the important factors to promote the upgrading of RMB. With the continuous development of counterfeiting technology, the anti-counterfeiting technology of the renminbi must also be constantly updated to protect the interests of consumers and the credibility of the currency.
In addition, the revision of the renminbi is also a reflection of the historical inheritance of Chinese culture. From the first set of RMB to the fifth set of RMB, each revision shows the history and culture of China in different periods, and the monetary attributes of RMB inherit and carry forward the excellent cultural traditions of the Chinese nation, and are oriented to the world"Business cards"。
In general, the continuous upgrading of the renminbi is the inevitable result of China's economic and social development. It not only reflects the historical changes of China's currency, but also an important symbol of China's modernization and internationalization.
In the future, with the continuous development of China's economy and the continuous progress of science and technology, the RMB will continue to be continuously updated to better serve the people, society and the country.
Finally, I would like to ask everyone: do you have any impressions of these five versions of the renminbi? Why do you think the renminbi is being updated?