Will there be a 1,000 yuan face value?

Possibly, in the case of inflation. Inflation means that money is worthless, and the world's largest currency has reached 10 billion. When inflation, the currency issued is not valuable, and you have to bring a lot of small currency to buy things, so you need to issue a large denomination and easy to carry currency.

It is impossible for China to appear 1000 denomination currency, because it is basically not used in daily life, and it is not convenient, the main thing about the large denomination is that it is easy to settle, that is only the money to the number of soft people to recommend the issuance, daily we still use the small denomination is more convenient, such as buying a bowl of noodles, with a face value of 1000 yuan to buy, isn't it very troublesome?

Some time ago, it was rumored on the Internet that China would issue 1,000 yuan and 500 yuan denominations, and the country's formal institutions have come out to refute the rumors, which are pure rumors. Although inflation reaches a certain level, there will be a large denomination of the renminbi, but at present, it has not reached that level, which means that China will not issue a large denomination of the renminbi in the short term.

This question is probably the most appropriate by Zhou Xiaochuan. Because he is the governor of the People's Bank of China and has a grasp of the general policy of currency issuance, only he can make an authority over whether or not he can issue banknotes of such denominations.

The sixth set of renminbi is estimated to be issued at face value, but I don't know when the sixth set will be issued, it is better not to issue it, a large denomination means a big depreciation of the renminbi, just like the yen, the Vietnamese currency, the Zimbabwean currency....

2,000 yuan face value of RMB has not been issued, and there are larger face value of 10,000 yuan and 50,000 yuan, but there is no 2,000 yuan; The 2000 RMB refers to the gold and silver commemorative coins of Pingyao Ancient City, a World Heritage Site, issued by the People's Bank of China on June 5, 2019. There are 3 in total, including 2 gold commemorative coins and 1 silver commemorative coin, all of which are legal tender in China. Among them, the 150-gram round gold commemorative coin, the reverse pattern is the typical architectural landscape of the ancient city of Pingyao, and the words of the ancient city of Pingyao and the denomination of 2,000 yuan are written.

In terms of material, this commemorative coin is a proof coin, containing 150 grams of pure gold, fineness, and a mintage of 600 pieces.

Extended Information:1The unified issuance of the renminbi is a major measure taken to welcome the liberation of the whole country, which cleared all kinds of currencies issued by the Kuomintang, put an end to the history of inflation under the rule of the Kuomintang for several decades and the circulation and trading of foreign currency, gold and silver coins in the market in China for nearly 100 years, promoted the comprehensive victory of the People's Liberation War, and played an important role in the period of economic recovery in the early days of the founding of the People's Republic of China.

2.The second set of RMB design has a clear theme, advanced printing technology, reasonable structure of main and auxiliary coins, and novel patterns and colors. The main scene pattern embodies the style of socialist construction in New China, and expresses the revolutionary course of the Communist Party of China and the theme of the great unity of the people of all ethnic groups.

In addition to the penny in the printing process, all other coupons are overprinted with glue gravure, the gravure plate is made by the traditional hand-carved method in our country, with a unique national style, its advantage is that the pattern is deep, the ink layer is thick, and there is a good anti-counterfeiting and anti-counterfeiting function.

3.The People's Bank of China revealed at the meeting here that it will strive to launch the digital currency issued by the central bank at an early date, and the meeting held that under the new normal of China's economy, exploring the issuance of digital currency by the central bank has positive practical significance and far-reaching historical significance.

4.The renminbi is issued by the People's Bank of China, and in addition to the three coins, the first, second and third sets of renminbi have been withdrawn from circulation, and the fourth set of renminbi has been withdrawn from circulation since May 1, 2018. The renminbi circulating in the market is the fifth set of renminbi; The banknotes in circulation are:

1 jiao, 5 jiao, 1 yuan, 5 yuan, 10 yuan, 20 yuan, 50 yuan, 100 yuan; Coins come in 1 cent, 2 cents, 5 cents, 1 jiao, 5 jiao, and 1 yuan.

5.Among the five sets of renminbi displayed in the China Numismatic Museum, unlike the last four, the first set (except for the 1953 edition of the 5,000 yuan Weihe Bridge pattern coupon) on the six characters of "People's Bank of China" and the Chinese character denomination are arranged from right to left, and in 1952, when reviewing the ticket version, it was proposed that the arrangement of the name of the renminbi should be from left to right, so since 1953, the arrangement of "People's Bank of China" on the renminbi has been changed from left to right.

The renminbi does not have a face value of 1,000 yuan, which is determined according to the current situation of the country's market economy. If a 1,000 yuan note appears, it is likely to lead to inflation, and the circulation efficiency of the banknote will decrease.

If the face value of the RMB is larger, it means that the country's inflation is getting more and more serious, which is very bad for the country's economic development, and if the face value of the RMB is 1000, the country will definitely be chaotic.

Because there is no need. China's current issuance, five, ten, twenty, fifty, one hundred yuan has basically met the transaction needs, and there is no need for larger amounts.

Because the face value is too large, it will lead to particularly severe inflation, and it will also lead to a lot of illegal and criminal activities, thus affecting social stability.

Considering the actual demand of the market, according to the current price level in China, the vast majority of items are less than 100 yuan.

The maximum face value of the yen is 10,000 yuan, and it costs several hundred yen to buy a popsicle.

The maximum face value of the won is 10,000 won, and it costs several thousand won to buy a popsicle.

The maximum face value of VND is 500,000 yuan, and it costs VND 10,000 to buy a popsicle.

The largest denomination of RMB is only 100 yuan, why is there no 1,000 yuan, and the 1,000 yuan denomination of RMB will appear?

In our impression, the currency value of many countries is very large, why is it that after 30 years of rapid development, China has not yet appeared with a larger denomination currency?

1. The face value of the currency issued by a country has nothing to do with the degree of economic development. Japan and South Korea are more developed and have large currency denominations, while the largest denomination of the United States is only $100. At the same time, in less developed countries like Vietnam, the face value of the currency can also be very large.

2. After China's reform and opening up, although its economy has developed rapidly, it is far from reaching the ranks of developed countries, and it is still a developing country, and its per capita income belongs to the upper middle-income countries.

3. Is the larger the denomination, the more valuable it is? 10,000 yen is equivalent to 600 yuan; 10,000 won is equivalent to 69 yuan; VND500,000 is equivalent to only 144 RMB.

Why does a country have a super-large denomination currency? For example, 100 years ago in Japan, the face value was mainly made up of.

Two. 10. 10 such smaller denominations are made up of yen.

Before World War II, one dollar could be exchanged for about 2-4 yen; Now you can exchange 1 dollar for 111 yen. Due to the war consumed a lot of manpower and material resources, in order to cope with the best expenses, Japan continued to print money, which led to inflation and caused the rapid depreciation of the yen.

The currency is depreciating rapidly, and goods that used to be bought for 100 yuan now cost 10,000 yen to buy, and Japan **has to ** banknotes of larger denominations.

In the past 40 years, China has also produced relatively strong inflation, and in the 90s, the 1 cent and 5 cents that were still in circulation were almost no longer in circulation at the beginning of the 21st century.

The smallest denomination we used rose from cents to corners, and the once rare 100 yuan bill is now full of streets.

As for why China has not yet issued a larger denomination of the renminbi, there are several main reasons:

1. The purchasing power of 100 yuan is not as good as before, but we have eliminated this unit, and 100 yuan has also changed from scarce to large-scale use, and the current denomination currency in circulation basically meets the needs of life and daily life.

2. Hairstyle of large-denomination currencies will cause high inflation expectations to the market, and the current inflation rate in China is about 2%, which tends to be stable, and there is no risk of high inflation.

3. The rise of Internet payment has made more and more Chinese not use cash, which is also a very important point.

The essence of money lies in the value of its corresponding goods, which is convenient for human transactions, which is the meaning of currency, so at present, China has not issued a currency with a larger face value, and the fundamental reason is that the current face value of the currency meets the transaction needs of the Chinese people.

It is thought that it will not appear for three reasons:

1.Now the society, the rapid economic development, science and technology more and more into people's lives, now more than 500 are swiping cards, who will take cash to shop, even if the buyer finds it convenient, those salespeople will also feel troublesome, who doesn't want to go to work easily?

2.E-commerce is becoming more and more common, online payment needs more than offline payment, buy things to **, Tmall, Jingdong, etc., most people choose to use credit cards to pay money, even if it is for convenience, speed, saving time and effort.

Yuan circulation then 100 yuan is worthless, now just like the students in school, 100 yuan out, less than 5 days to disappear without a trace, with China's current economy, there must be rich areas, then there will be some economic conditions are more backward areas, to support such consumption is a little difficult.

If the issuance of 1,000 yuan face value of the yuan, for the current price level in our country is not very applicable, people in daily life shopping goods are worth tens of yuan to hundreds of yuan, if the use of 1,000 yuan face value of the yuan to pay, in the process of payment, there will be a lot of trouble, earlier had to a lot. In people's daily life, it is rare to be able to use the denomination of 1,000 yuan, and even if it is issued, it will not be too much in circulation in the market.

The reason why China does not issue larger denomination banknotes is because the purchasing power is not enough in the past, and cash does not need large-denomination banknotes, and large-denomination banknotes are inconvenient to manage, and various reasons have led to the country has not issued more than 100 yuan banknotes.

First, the purchasing power is insufficient.

The earliest 100 yuan banknotes are enough to meet the needs of use, eight years when the most used large amount of RMB is only 10 yuan, and then with the economic growth, 100 yuan is also enough to meet the use of demand, at the end of the 20th century, many people in daily use at all less than 100 yuan banknotes, or a few hundred yuan banknotes can meet most of the use needs, in this case the issuance of a larger denomination of the renminbi is completely useless, no matter how large the denomination is not used, then there is no meaning to print.

2. Electronic payment instead of paper money.

After the popularity of electronic payment, the use rate of paper money plummeted, and even the use rate of paper money will not work, even if a large denomination is issued, it has no effect, and the purchase of 100 yuan is OK, at this time 500 yuan is issued, and there will not be many users, because no one wants to take the mold mountain to so much change. What the state is vigorously promoting is the electronic yuan, which is the mainstream in the future. Both of these reasons boil down to the fact that there aren't enough people to use the larger denominations.

3. Difficult management.

How uncomfortable it would be to receive a large amount of counterfeit banknotes, which is also the reason why the use of large amounts of RMB has not appeared, and there are indeed difficulties in management, and counterfeiting gangs can obtain larger denominations at the same cost, which is naturally meaningless. Increasing the denomination of banknotes will not bring much convenience, it will only make life more troublesome, and it will also make it impossible to manage the burden of middle age, and for various reasons, it will take longer for large denominations to be put on the agenda. When inflation reaches below 10 yuan, the renminbi will be abolished, and then the larger denominations will be the case that needs to be introduced urgently, and even if there are 500 yuan denominations now, not many people will use these renminbi.

Because the current denomination of Ranla is sufficient, there is no need to issue large denominations, and if Piye slips to issue large denominations, it is not conducive to the stability of the market and may lead to inflation.

Because although China's jujube economy continues to develop, but in a certain degree of brightness still needs to be improved, to consider the people's feelings and the reality of the stool life, if the release of a relatively large denomination of the RMB may have an adverse impact on people's lives.

Because of the current society with developed information technology, many people don't take money when they travel, but take a mobile phone to bind a bank card to the hole and use WeChat or Alipay to pay.

Because this will have a certain impact on the economy, and the harm is relatively high, and secondly, because it will lead to currency inflation.