Why is the renminbi not as valuable as it used to be?

In fact, there should be many people who feel this way, and colleagues wonder "Does the appreciation of the renminbi have anything to do with us ordinary people?" "From the most direct experience, those of us who have been living in China, the appreciation of the RMB has almost no impact on us, and it will not be because the RMB is worth much, we used to cost one yuan to drink a bowl of soy milk every morning, but now it will not be only eight cents, and even because of inflation, it has risen to two yuan. For those who have been buying and selling things domestically for a long time, the exchange rate may only change in numbers, but it is not the same for international students and tourists who go to countries where the dollar is the denominated currency.

Assuming that the annual cost in the United States is about 40,000 US dollars, according to the original exchange rate, it will cost 320,000 yuan, but now it only costs 10,000 yuan. Of course, when traveling and shopping abroad, you can also experience the benefits of RMB appreciation, but it also depends on the country and region you go to, RMB is not a direct exchange currency, and your consumption may still have to go according to the price of the local country, and the space in this is also limited. Experts and scholars from all walks of life have never ceased to discuss the pros and cons of renminbi appreciation.

However, it is regrettable that it seems that it is not easy for ordinary people to hear the voices of experts and scholars who examine the issue of RMB appreciation from a "civilian perspective"; Even if there are not many voices that give clear guidance to ordinary people who have a lot of renminbi in hand but feel confused about "where to go". Ordinary people's understanding of the appreciation of the renminbi may be more out of literal speculation, that is, the renminbi is "more valuable", the ** of imported goods will be "reduced", it will be more "cost-effective" to convert the foreign exchange they hold in hand into local currency as soon as possible, and it will be more "affordable" to study abroad. It may be difficult for them to understand distant and unfamiliar concepts such as "balance of payments", and they may be more concerned about their "wishful thinking" of how to pursue advantages and avoid disadvantages.

However, without the guidance of experts and scholars who are familiar with financial management, ordinary people can easily fall into the "currency illusion" under the expectation of RMB appreciation. The term "monetary illusion" was coined by the American economist Owen Fisher in 1928 and refers to a psychological illusion in which people only react to the nominal value of money and ignore changes in its real purchasing power. He told people that when managing money, they should not only focus on which commodity has fallen or risen, and whether they spend more or less, but should use their brains to study the purchasing power of "money" and the potential value of "money".

Only in this way can we be truly careful and spend as much money as we can. Otherwise, under the influence of the "monetary illusion", the "wishful thinking" will be played to the end, only to find that it has actually "suffered".

Because the real purchasing power of the renminbi has decreased due to the price of **, the renminbi is no longer worthless!!

As time goes by, some people find that the RMB is becoming less and less valuable, for example: 100 yuan 20 years ago, and 100 yuan now, what can be bought is different, so why is the RMB less and less valuable? What is the reason?

Because the economy is developing, the times are changing, when domestic prices, for example: gasoline and raw materials have risen in price, some people will feel that the RMB is becoming less and less valuable, in fact, this is because the dollar index has increased, the United States has printed a lot of money, and has taken the action of raising interest rates and shrinking, resulting in the US dollar**, and the RMB has depreciated.

So when the RMB depreciates, the price will be **, and some people will find that the money in their hands has become worthless, and when buying things, they need to spend more money, but generally over time, they will be adjusted, and ordinary people don't have to worry too much.

But for most people, they do not find that the RMB is becoming less and less valuable in their daily life, because there is relatively little attention to this aspect, and secondly, even if the RMB is worthless, it will not have much impact on ordinary people, because there are not many ordinary assets themselves.

It is actually difficult for an ordinary person to save money from graduation to having a family, and some people only have enough to buy a house for a lifetime, and the savings are relatively small, so when the money depreciates, it has little impact on ordinary people, but it will have a greater impact on people with assets, because assets will shrink.

It depends on which currency you are dealing with!

Exchange rate with the US dollar.

Currency exchange. 1 USD = Chinese Yuan.

1 RMB US Dollar.

US Dollar, USD, Chinese Yuan, CNY

and the yen exchange rate.

Currency exchange. 1 JPY = Chinese Yuan.

1 Chinese Yuan Japanese Yen.

Japanese Yen, JPY, Chinese Yuan, CNY

It's very valuable, and it's very strong!

1. The first set of RMB with the most collectible value.

When it comes to the origin of the renminbi, many people think of the War of Liberation. The CCP won victories in the civil war between the Kuomintang and the Communist Party, and the "liberated areas" were quickly connected. At the same time, in order to meet the war expenses, the gold yuan bills issued by the people did not have enough hard currency such as ** and the support of the US dollar, resulting in a vicious devaluation.

Originally, the currencies issued by the various "liberated areas" were of a wide variety of currencies and were converted into different amounts, which was very inconvenient. To this end, the CCP established the People's Bank of China in Shijiazhuang City in 1948, and at the same time issued a unified renminbi to replace the currencies issued by the "Liberated Areas" and the former national **, stabilizing the financial order and economic activities. The first set of renminbi ceased to circulate on 15 May 1955.

2. Create a second set of renminbi with many firsts.

Due to the fact that the impact of inflation for many years before liberation has not been completely eliminated, the denomination of the first set of renminbi was larger, the largest of which was 50,000 yuan, and the unit value was low, and at the same time, the unit was 10,000 yuan, which was not conducive to the circulation of goods. After the founding of the People's Republic of China, the first set of renminbi issued during the war began to no longer meet the needs of economic development in the new era. As a result, on March 1, 1955, the second set of renminbi came into being.

3. The third set of renminbi has been in circulation for the longest time.

When the time entered the sixties of the 20th century, the third set of people's advent and issuance, allowing the self-reliant Chinese to independently design and print the yuan for the first time. In the interview, the reporter learned that compared with the second set of RMB, this set of RMB has cancelled the 3 yuan banknote and added four metal coins: 1 jiao, 2 jiao, 5 jiao and 1 yuan. The banknotes are printed with the words "People's Bank of China" written in Hanyu Pinyin, Mongolian, Uyghur, Tibetan and Zhuang scripts.

The third set of renminbi lasted 38 years from the issuance of jujube red 1 jiao banknotes on April 20, 1962 to July 1, 2000, which is the longest circulation time among the five existing sets of renminbi.

Fourth, Braille appeared in the fourth set of renminbi.

If we talk about the birth process of each set of renminbi, the birth of the fourth set of renminbi can be said to be the most difficult. From the idea proposed in January 1967, to the "color design draft" in December 1979, which was approved in principle, and then to the issuance in April 1987, the birth of the fourth set of renminbi has taken 20 years. It came into being under the new situation of reform and opening up, with a total of 80 editions and 90 editions, and a total of nine main and auxiliary coins.

5. The fifth set of renminbi with the highest technology content.

After talking about the first four sets of RMB, let's go back and take a look at the fifth set of RMB in our hands now. On October 1, 1999, on the occasion of the 50th anniversary of the founding of the People's Republic of China, the People's Bank of China began to issue the fifth set of renminbi, the 1999 edition, followed by the 2005 edition in 2005. According to the needs of market circulation, the denomination of RMB has been increased by 20 yuan and the denomination of 2 yuan has been abolished, making the denomination structure of RMB more reasonable.

With the development of China's economy, people's income is also constantly increasing, and the money in the hands of the people is more and more in the past year by year, and the RMB has increased significantly at this time, but many people still do not know how to feel about the appreciation of the RMB, and in recent years, the news of the appreciation of the RMB has been more.

If the Chinese people do not go to travel and shop, they will not be able to touch foreign currency in their daily life, so many people will not feel that the RMB can be exchanged for foreign currency has become a lot more, and a lot of consumption is oriented to China's domestic shopping malls, which means that the appreciation of the RMB has no impact on our people. However, for some people, the appreciation of RMB is a very good thing, that is, people who often shop overseas, because most of the products purchased overseas are accounted for in US dollars, and at this time the RMB is appreciating, that is, when you go to buy products in overseas shopping malls, you can exchange less RMB for more US dollars.

The same is true for the appreciation of RMB and foreign exchange, which is not so good for people with foreign currency deposits, if the RMB appreciation means that the foreign currency is depreciated, so the time of deposit is not as cost-effective as using RMB deposits. That's something they don't want to see when it comes to having a foreign currency.

Second, the rise in the renminbi exchange rate is not conducive to exports. As an international factory, China naturally has a lot of products that need to be exported, and the appreciation of RMB will make the cost of Chinese products progress, and the products will naturally be, so the competitiveness of overseas will decline. Therefore, if the enterprise is export-oriented, then the renminbi ** is not a merit for it.

Finally, if the renminbi can replace the dollar as the new "international currency" in the long run, then these problems are not a problem. Of course, this is just a "wish" now, and the development of the renminbi is still a long way off. In the short term, the current exchange rate range of the renminbi is basically controllable.

However, as far as enterprises or individuals are concerned, it is necessary to pay attention to avoiding the risks inside.

Summary. As the world's largest manufacturing plant, China has a corresponding layout in various parts of the world, which is also the unique advantage of China's manufacturing industry.

Hello, to your question, my answer is: it is worthless.

The depreciation of the renminbi means that it is more expensive for us to buy things.

As the world's largest manufacturing plant, China has a corresponding layout in various parts of the world, which is also the unique advantage of China's manufacturing industry.

It should be viewed with an open mind that the fact that the size of the new coin is not a big deal in itself, and does not affect its use as a currency.

The Nanjing Branch of the People's Bank of China has organized the People's Bank of China and banking financial institutions within its jurisdiction to take the initiative to communicate and coordinate with the local high-speed rail, subway and other management departments, and notify the users of commercial cash machines to communicate with manufacturers and dealers in a timely manner, and properly arrange the upgrading of machines.

Differences from older coins.

The new version of the 1 yuan coin belongs to the fifth set of the 2019 version of the RMB officially issued by the People's Bank of China. Compared to the old 1 Yuan coin, the new 1 Yuan coin is significantly smaller, and the diameter has been adjusted from 25 mm to mm. Industry insiders said that due to the diameter, thickness, material, etc., there are differences with the old brother mask.

The above content refers to China.com - the "body" has become smaller! The new version of the 1 yuan coin encountered the problem of "rejection".

The above content refers to People's Daily Online-the new version of the 1 yuan coin can't take the subway? The official response is coming, and the entire network upgrade will be completed within next year.