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Anonymous users2024-02-06The main currency unit is the yuan.
In accordance with the People's Bank of China Law of the People's Republic of China.
Article 16 The legal tender of the People's Republic of China is the renminbi. No unit or individual may refuse to accept all public and private debts within the territory of the People's Republic of China in renminbi payment.
Article 17 The unit of the renminbi shall be the yuan, and the units of the renminbi auxiliary currency shall be the jiao and the cent.
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Anonymous users2024-02-05Article 16 of the People's Bank of China Law stipulates that "the unit of RMB shall be yuan, and the unit of RMB auxiliary currency shall be jiao and cent. ”
The main currency, also known as the standard currency, is the basic currency in a country's monetary system, and it is the legal unit of valuation and settlement currency of the country. The main currency has unlimited solvency and is mainly used for commodity trading and labor services. The main currency plays a leading role in the economic life of a country.
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Anonymous users2024-02-04The full name of RMB in Chinese is RMB, and the full name in the international community is chinayuan; The abbreviations for RMB are CNY and RMB. The renminbi (RMB) is the legal tender of the People's Republic of China, and the People's Bank of China is the competent authority for the management of the renminbi, responsible for the design, printing and issuance of the renminbi. The unit of RMB is yuan, and the unit of auxiliary currency of RMB is jiao and cent.
1 yuan is equal to 10 jiao, and 1 jiao is equal to 10 points. The RMB symbol is the first letter of the pinyin capital y plus two horizontal "", that is, "".
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Anonymous users2024-02-03The renminbi is divided into banknotes and coins. 1.Paper money refers to the currency made of soft raw materials (usually cotton), which is sold and used by the state (or some regions) and is mandatory.
Paper money has no value in itself, and although it is a type of currency, it cannot immediately perform the function of a value measure. Paper money is a widely used form of currency in today's society and countries around the world, and the world's earliest paper money is the creation of ancient Han laborers, that is, Jiaozi in Chengdu, Sichuan Province, during the Northern Song Dynasty of China, China is the earliest country to use paper money in the world.
2.Coins: Ancient coins (coin; specie;hardcurrency;hardcash;piece)。
Coinage has been minted with metal for thousands of years in China, and the first metal material coinage was the Baode copper shell of the Shang Dynasty, which has been in short supply for more than 3,000 years. Because metal material coins have the advantages of easy use, wear resistance, and long service life of commodity circulation. Not only does it have the function of being a currency, but it also has a very high appreciation of art appreciation and personal collections.
Further reading: The RMB that is now blocking the circulation of commodities in the stage of the god is the fifth set of RMB, which was put on sale on October 1, 1999, with a total of 1 jiao, 5 jiao, 1 yuan, 5 yuan, 10 yuan, 20 yuan, 50 yuan, 100 yuan 8 denominations, of which 1 jiao, 5 jiao, 1 yuan have banknotes and coins 2 kinds. The People's Bank of China has set the fifth set of RMB 50, 20, 10 and 1 yuan banknotes and 1 yuan, 5 jiao and 1 jiao coins of the 2019 edition to be released from August 30, 2019.
Currency was widely used in the exchange between two commodities in ancient China, its evolution process first from the shell to the metal to create currency, after the unification of the six countries, and then became a square hole money, and then with the change of the times, the currency also has more years, months and days, and later in order to facilitate transportation, paper money was produced, the times are constantly changing, correspondingly, digital currency has also been produced. >>>More
The main components of RMB paper are short cotton wool and high-quality wood pulp, the paper is smooth, tough, fold-resistant, stiff, and has a certain chemical resistance, which can be used for a long time without being easily damaged. Paper money is a common currency used in daily life. >>>More
The RMB interest rate hike is the country's behavior of raising interest rates, which increases the cost of borrowing from commercial banks to ** banks, and then forces the market to increase interest rates. The purpose of raising interest rates includes reducing money**, suppressing consumption, suppressing inflation, encouraging deposits, slowing down market speculation, etc. >>>More
External appreciation refers to an increase in the value of other currencies. For example, if 7 yuan is worth 1 dollar, now 6 yuan can be exchanged for 1 dollar, and then the yuan will appreciate against the dollar. However, due to the fact that the value of currencies in different countries around the world changes, it is not uncommon for some currencies to appreciate and for others to depreciate. >>>More
The dollar is printing money frantically to pass on the risks of the United States, which will further reduce the credibility of the dollar, and countries around the world will sell US bonds one after another, resulting in a shortage of dollars. >>>More