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Instead, in August 2006, the first dollar was redenominated to the second dollar at the rate of 1000 first dollars to 1 second dollar (1000:1). At the same time, the currency was devalued against the US dollar, from 101000 first dollars (101 once revalued) to 250 second dollars, a decrease of about 60% (see exchange rate history table below).
Beijing, [a] previously romanized as Peking, [b] is the capital city of China.With more than 22 million residents, [11] it is the world's most populous national capital city as well as China's second largest city after Shanghai. [12]