1. RMB (abbreviation: RMB; Currency code: code; Currency symbol: ￥ is the legal tender of People's Republic of China (PRC) (China). The People's Bank of China is the national competent authority in charge of the management of RMB, and is responsible for the design, printing and distribution of RMB.
Renminbi banknotes and coins are in equal circulation and have unlimited legal compensation, that is, all public and private debts of People's Republic of China (PRC) (PRC) are paid in Renminbi, and no unit or individual may refuse to accept them.
2. The third set of RMB1962 was issued on April 20th-197465438+1October 5th. At that time, after experiencing economic difficulties for three consecutive years, China overcame many difficulties and vigorously developed production under the guidance of the Party Central Committee's eight-character policy of "adjustment, consolidation, enrichment and improvement". With the approval of the State Council, in order to promote the development of industrial and agricultural production and commodity circulation, the People's Bank of China began to issue the third set of RMB 1962 on April 20th. The third set of RMB and the second set of RMB tickets have the same denomination and are mixed and circulated in the market.
On the basis of the second set of RMB, the third set of RMB has been completely adjusted and replaced. The 3 yuan paper money in the second set of RMB has been cancelled, and four kinds of metal coins, 1, 2, 5 and 1, have been added. The third set of RMB began with the issue of Bordeaux 1 paper money on April 20th, 1962, and ended with the issue of 1, 2, 5, 1 yuan coins on April 20th, 1980. After the gradual adjustment and replacement of 18, the third set of RMB 13 was issued one after another, including 10 yuan banknotes, 5 yuan banknotes, 2 yuan banknotes, 1 yuan banknotes, 50-cent banknotes and 20-cent banknotes. 3 kinds of 1 min banknotes; 1 coin, 5/coin, 2/coin and 1 coin.
The third set of RMB 1962 was issued on April 20, 2002 and stopped circulating on July 1 2000, which lasted for 38 years. This set of RMB has been designed in a unified way since 1958, and the design pattern of its face reflects the principle that China's national economy is based on agriculture, led by industry and pays equal attention to workers and peasants. In printing technology, the third set of RMB inherits and develops the technical tradition and style of the second set of RMB. In the process of plate making, elaborate carving, combining machines with traditional handwork, make patterns and patterns fine; Ink color matching is reasonable, and the color is novel and bright; The tissue paper is small and the pattern is beautiful and generous.