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"Silver Dragon" yuan coin, 1904. 5-yuan note from a private bank, 1906. 5-yuan note of the Republic of China (1941) Taiwanese note for 10,000 yuan (1949) The yuan (/ j uː ˈ ɑː n,-æ n / yoo-A(H)N; sign: ¥; Chinese: 圓/元; pinyin: yuán; ⓘ) is the base unit of a number of former and present-day currencies throughout China.
Yuan dynasty banknote (2 guàn) with its printing plate (1287). Jiaochao (simplified Chinese: 交钞; traditional Chinese: 交鈔; pinyin: jiāochāo) is a Chinese word for banknote first used for the currency of the Jurchen-led Jin dynasty and later by the Mongol-led Yuan dynasty of China.
A Yuan dynasty government note and its matrix. The Mongolian dynasty used 'Phags-pa script, Tibetan originated writing, beside hanzi at this time.. A cash seal (simplified Chinese: 宝钞印; traditional Chinese: 寳鈔印; pinyin: Baochao Yin; "Baochao" means "valuable money", "Yin" means "seal") is a type of seal used as an anti-counterfeiting measure on paper money.
The Chinese National Currency (CNC), [1] often transliterated as fapi [2] or fabi [a] [3] or translated as Legal Tender Note, [4] was the currency of China between 1935 and 1948. [4] [3] Introduced in the 1935 currency reform, the currency was initially issued by the Central Bank, the Bank of China, the Bank of Communications and later the Farmer's Bank of China.
A 5-yuan CNC banknote in 1936. In 1905, the Imperial Chinese government founded the Hubu Bank, granting it the authority to issue banknotes.At the time, Chinese leaders, whether conservative or revolutionary, believed that increasing the issuance of banknotes would allow them to outspend their revenues.
These banknotes did not see circulation as in 1911 the Xinhai Revolution broke out which overthrew the Qing dynasty and only a handful of trial banknotes were ever printed. [12] [17] [20] At the eve of the Xinhai Revolution, there were 5,400,000 tael worth of Yinliang banknotes circulating in China, and 12,400,000 yuan in Yinyuan banknotes. [1]
Banknotes are available in denominations of ¥0.1, ¥0.2, ¥0.5, ¥1, ¥2, ¥5, ¥10, ¥50 and ¥100. Like previous issues, the colour designation for already existing denominations remained in effect. The second to fourth series of renminbi banknotes were designed by professors at the Central Academy of Art including Luo Gongliu and Zhou Lingzhao.
The notes issued were in five denominations, one hundred, ten, five and one yuan and five jiao (one-half yuan), and typically depicted Qing dynasty rulers of China on the obverse. To keep up with the inflationary pressures typically experienced by Japanese-controlled areas towards the end of World War II, a 1,000 yuan note was issued in 1944.