Search results
Results from the WOW.Com Content Network
The renminbi (RMB, also known as Chinese yuan; ISO code: CNY) is the official currency of the People's Republic of China. [1] Although it is not a freely convertible currency , and has an official exchange rate , the CNY plays an important role in the world economy and international trade .
These so-called trade dollars would approximate in specification, weight 7 mace and 2 candareens (approx. 27.2 grams; 7 ⁄ 8 troy ounce) and fineness.900 (90%), the Spanish-Mexican coins so long trusted and valued in China. French Indochina Piastre 1887
In 2015, the Gold and Silver Panda coins were not labeled with metal fineness and weight. This information returned in 2016 when the 1 troy ounce coin was replaced by the 30-gram coin (one troy ounce is approximately 31.1 grams). [1] The official distributor in China for the Silver and Gold Panda coins is the China Gold Coin Incorporation (CGCI).
The Philippine peso is derived from the Spanish dollar or pieces of eight brought over in large quantities by the Manila galleons of the 16th to 19th centuries. From the same Spanish peso or dollar is derived the various pesos of Latin America, the dollars of the US and Hong Kong, as well as the Chinese yuan and the Japanese yen. [1]
Concurrent with these events is the establishment of the Casa de Moneda de Manila in the Philippines in 1857, the mintage starting 1861 of gold 1, 2 and 4 peso coins according to Spanish standards (the 4-peso coin being 6.766 grams of 0.875 gold), and the mintage starting 1864 of fractional 50-, 20- and 10-céntimo silver coins also according ...
The smallest unit of the Hong Kong dollar during the 1860s was the mil, which like the Chinese cash was 1 ⁄ 1000 of a dollar. The Chinese character for this currency unit was "文", though these coins were not translated into English as "cash". [14] [15]
In general the silver tael weighed around 40 grams (1.3 ozt). The most common government measure was the Kuping (庫平; kùpíng; 'treasury standard') tael, weighing 37.5 grams (1.21 ozt). A common commercial weight, the Caoping (漕平; cáopíng; 'canal shipping standard') tael weighed 36.7 grams (1.18 ozt) of marginally less pure silver.
Through 2015, these corresponded with 1, 1 ⁄ 2, 1 ⁄ 4, and 1 ⁄ 10 ozt (31.1, 15.6, 7.8, and 3.1 g) of gold, respectively. An exception was 1991, when 1-gram Gold Pandas were minted, issued in the denomination of 3 yuan. 2015 was the only year that the Gold Panda did not have any denomination imprinted on the coin.