Why doesn t China print two yuan renminbi?

It is understood that the banknotes currently circulating in the market are mainly the fifth set of renminbi. The fifth set of renminbi was issued on October 1, 1999, and its most prominent feature was the cancellation of the 2 yuan and 2 jiao coupons and the addition of 20 yuan coupons.

The People's Bank of China said that the use of 2 yuan and 2 jiao bonds is becoming less and less frequent, and the elimination of these two types of bonds will not only hinder circulation, but also save printing costs and make the denomination structure of the yuan more reasonable.

It is also understood that with the continuous increase in the price level, the main change task in commodity transactions is the 10 yuan banknote.

Ms. Jiao, head of the Monetary Department of the Business Management Department of the People's Bank of China, said that the 2 yuan coupon began to appear from the second set of yuan.

The third and fourth sets of renminbi all have this denomination. And the fifth set of renminbi abolished this denomination. According to the rules for the issuance of RMB, every time a new version of RMB is issued, the old version will cease to be issued.

Therefore, when the fourth set of banknotes are normally returned due to damage and other reasons in circulation, 2 yuan coupons and 2 jiao coupons have been gradually withdrawn from the circulation field.

Collecting banknotes depends on the condition.

Well, it's basically less than 2 yuan.

When the People's Bank of China issued the fifth set of renminbi on 1 July 1999, it specified eight types of bonds: 100 yuan, 50 yuan, 20 yuan, 10 yuan, 5 yuan, 1 yuan, 5 jiao, and 1 jiao, and stopped issuing 2 yuan and 2 jiao bonds in accordance with the principle of optimizing the currency.

With the development of the country's economy, prices have also followed, and the denomination of RMB issuance has changed accordingly, resulting in a further increase in the use rate of 10 yuan, becoming the main body of currency circulation and trading, and the frequency of use of 2 yuan has been further reduced. In order to save printing and plate making costs, and at the same time make the denomination structure of the renminbi more reasonable, the People's Bank of China decided to stop the issuance. Accordingly, on June 30, 1999, Order No. 268 decided to cancel the issuance of 2 yuan, and 2 yuan gradually faded out of the field of currency circulation.

Although the fourth set of renminbi is still in circulation, since 2004, the People's Bank of China has announced that it will adopt a policy of "only collecting but not paying" for 2 yuan, and the newly issued fifth set of renminbi has cancelled this type of bond, so 2 yuan is becoming less and less in the market, just waiting for the People's Bank of China to announce that it will withdraw from circulation.

Because the leaders feel that there will be no place to use the money below 10 yuan in a few years, and the purchasing power of 10 yuan may be equivalent to 1 dime now, so there is no need to give out a small amount of money, just a few tens of thousands.

The third and fourth sets of RMB are all in binary, and later felt that the two-yuan banknote was not necessary, so the face structure was adjusted, and the two-yuan was gone, and the twenty yuan was added.

Because the 2 yuan and 2 jiao denominations are used less and less frequently, in order to save the cost of printing and plate making, and at the same time make the structure of the RMB denomination more reasonable, it was decided to cancel the issuance of 2 yuan on June 30, 99. In a word, 2 yuan is used less and less, so it is canceled.

There are two yuan in yuan, haven't you seen it, green.

Since 1999, China officially stopped the issuance of 2 yuan denomination banknotes and 2 jiao banknotes, and then China's banking system only accepted two yuan denominations and two jiao denominations, so the real circulation of two yuan denominations and two jiao denominations in the market is becoming less and less, until it disappears.

False 2 RMB no longer has the people.

Money is something that we come into contact with every day, and it can be said that everyone loves it. With the development of the times, its face value has also changed, and now in society, we most often see one dollar, five yuan, ten yuan, twenty yuan, fifty yuan and one hundred yuan of the six denominations of banknotes, there are also five jiao and one dime, but there are very few.

But in fact, a few years ago, there were two-yuan banknotes, but this kind of banknotes are no longer in circulation in the market, and basically some can only be used as collectibles, so why are banknotes of this denomination excluded from the market?

In order to welcome the arrival of the new century, China reissued a set of renminbi, and in this set of renminbi, the two-yuan denomination banknote was abolished, so why should this denomination be abolished? Banknotes are not like coins, it is more fragile, damaged banknotes cannot be used in the market, all Chinese banks will give this kind of banknotes to **, and then remanufacture.

These ** banknotes, the bank will do statistics, of which the number of two-yuan banknotes is the largest, which is a waste of resources, just the RMB needs a new reform, so the bank will discuss the direct removal of this face value of the RMB, which can save a lot of resources.

In addition, our country's economic growth rate is very fast, the country's economy is developed, it means that we are rich, but when everyone's income is high, along with the market will be the first thing, the size of the RMB face value will also be adjusted, at this time the use value of the two-yuan banknote will be much lower. Two yuan is a huge amount of money for decades of money for the elderly, two yuan can buy a lot of things, but two yuan in today's modern age, at most can buy a bottle of water, in many places such as waiting rooms or tourist attractions these two dollars can not buy a bottle of water, how big is the gap, so the economy is growing, the times are changing, these two yuan banknotes are naturally eliminated.

However, although this denomination of banknotes can no longer be used, it does not mean that it has no use at all, its collection value is very large, because this type of banknotes is already an out-of-print variety, if you have collected this denomination of RMB, then you should treasure it, because it will be valuable in the future.

For example, didn't the state buy one, two, and five cents coins before? It is said that if you collect these old renminbi, as long as the year of its production is the year designated by the state, it can be worth thousands of yuan or even tens of thousands of yuan, at that time everyone is looking through the coins that are still left at home, so you should also hurry up to find out if you have this kind of denomination banknotes at home.

There are many types of RMB denominations, why did China stop issuing 2 yuan banknotes? It's actually quite simple!

After all, today's prices are fast** two-yuan banknote, its use value is relatively low, with the development of the economy, there is no doubt that two-dollar banknotes will be eliminated.

Because now many people don't pay in cash, they are using mobile payment, and they will not pay with paper money.

Because the two-dollar banknote is the most, but with the growth of the economy and the growth of prices, the use of the two-dollar banknote will be less in the market, so in order not to occupy more resources, the two-dollar banknote will not be issued.

Because the two-yuan denomination of the renminbi is inconvenient to circulate, in the process of use, the utilization rate is too low, so the two-yuan renminbi is canceled.

It is no longer suitable for the current society, so it is no longer issued, and it has become history.

I think it may have something to do with people's payment habits, and many people don't use paper money anymore.

There is no need for the 2 yuan note to continue to be issued, and the 2 yuan coin is naturally gone.

According to a relevant person of the People's Bank of China, the gradual withdrawal of the 2 yuan from the circulation field is to optimize the currency. With the price of goods, the denomination of the issued currency changes accordingly, resulting in a further increase in the use of 10 yuan and a further decrease in the frequency of 2 yuan. According to reports, the People's Bank of China's first year appears defective and stained coins, which is the best proof of the frequency of currency use, of which 2 yuan residual currency is the least.

Accordingly, Order No. 268 of June 30, 1999 decided to cancel the issuance of 2 yuan.