Liu Yanni asked why there are no words legal tender and pay as you go on the renminbi?

The Federal Reserve issues dollars, but the Federal Reserve is not American.

No wonder the boss said that as long as I can control the currency issuance of a country, I care who makes the law.

Moreover, the United States is a country with no history, and it is basically immigrants, with different cultural backgrounds and beliefs. Therefore, writing a fiat currency on the American knife should have the meaning of a statement.

As for the Hong Kong dollar, the term "paid by bill" indicates that the Hong Kong dollar was not originally a currency, because for whatever reason Hong Kong was not qualified to issue banknotes independently. So it should start out as just a check-style existence. However, since it has gradually taken on the function of currency, it is defaulted to the Hong Kong dollar.

But you still have to avoid suspicion.

As for why there are no these two words on the renminbi, because China does not have so many troubles.

Personal opinion, I'm also bored.

The Hong Kong dollar is not well understood.

The dollar is issued by the Federal Reserve, which is not an institution, that is, it does not have credibility.

The purpose of writing these words is to increase their circulation.

Paper money is essentially a ticket that is paid by ticket, and the circulation depends on the credibility of **.

China's banknotes are issued by the central bank, and the central bank is the first institution, which is different from the United States.

In fact, it should not have any effect if you don't write these words in the US dollar or Hong Kong dollar now, and it is to keep the traditional meaning of writing.

I looked at the US dollar and the Hong Kong dollar on the Internet, and there is indeed a bill to pay on the Hong Kong dollar, and the dollar is enlarged and it is not clear to see it, so my opinion is reserved.

One country, one monetary system, so different!

The frame of reference is different, and the inheritance habits are different.

1) The three note-issuing banks in Hong Kong are all commercial banks, not ** banks representing **, so the currency has a promise similar to commercial paper, that is, the words "pay by bill".

2) Unlike the renminbi or the U.S. dollar, no central bank can control its issuance. US dollars must be used as collateral to issue Hong Kong dollars.

The first banknotes in Hong Kong were issued by Crédit Agricole CIB in 1845. Prior to the passage of the Monetary Ordinance in 1935**, many banks issued banknotes, but these were mainly used for commercial transactions. **Only some of the banknotes of the chartered banks are accepted as legal currency.

Supplement: Generally, the banknotes of the country are mostly issued by ** banks, such as China's ** bank is the People's Bank of China. There are no ** banks in Hong Kong, and the banknotes are issued by three private banks, ** only mint coins.

Because the Hong Kong dollar banknotes are issued by the three designated commercial banks (Bank of China, HSBC, and Standard Chartered) in Hong Kong**, this kind of banknote is essentially a voucher. The only Hong Kong dollars actually issued by Hong Kong** are coins.

The renminbi is issued by a state-owned bank, the People's Bank of China, while the US dollar is issued by the Federal Reserve Bank of the United States (a nominally state-owned but private bank), and the Hong Kong dollar is similar, which is issued by a number of commercial banks authorized by the Hong Kong Monetary Authority. In fact, the US dollar and the Hong Kong dollar are controlled by private bankers, i.e. financial oligarchs, which are equivalent to government bonds backed by ** credit. Therefore, as a commercial bank, the currency has a promise similar to that of commercial paper, that is, "pay by bill" and so on.

And China is one of the few countries in the world that issues its own currency. The renminbi is controlled by the People's Bank of China, issued by the People's Bank of China, which is fundamentally different from other currencies. RMB does not have the meaning of commercial paper, it is just a value symbol, a standard currency, which naturally has the function of redemption, and there is no need for a commitment on it.

At the same time, I also learned that compared to other currencies (such as the US dollar), the RMB will save the Chinese tens of billions of dollars every year. Because in other non-state monetary systems, people not only have to pay taxes, but also pay interest to international bankers in disguise (i.e., pay interest on their own **). And in our country, the latter is not needed.

Therefore, the way in which the issuance of money is controlled by ** has its advantages.

To sum up, the difference in currency issuing institutions is the essential reason for this phenomenon. And it is a superior way to control the issuance of currency by **.

Hong Kong dollars can be exchanged for renminbi at Chinese banks around the world.

1 HKD = RMB Yuan.

The counter rate of the bank may differ from the exchange rate, which is subject to the counter rate of the bank on the day.

Promises to Pay on Demand are now goods and services of the same denomination.

For professional appreciation, upload complete clarity (front, back, and translucent**).

Without a clear **, it is difficult for our professional team to accurately identify and evaluate the value of your collection.

Then you say that there are 56 ethnic groups in China.

That should be the language of every nation should have a pull.

The bill is written on it.

Nothing else.

It is estimated that each of them will be the size of a piece of manuscript paper.

The characters on the banknotes are mainly the characters of a large number of people.

For example, the Zhuang, the Mongols, or something.

It is used by ethnic groups with a large number of people, such as Tibetans and Mongolians.

Not at the time of design.

There are 56 ethnic groups in China, so why do you have to print Korean?