Banknotes of China

The official currency of China is the Renminbi (RMB), commonly referred to as the yuan. The People’s Bank of China serves as the central bank and issuing authority. Paper money was first introduced in China during the Tang Dynasty in the 7th century. A major reform occurred in 1953 when the country issued its first unified series of banknotes after the founding of the People's Republic of China. Collectors are drawn to China's banknotes due to their intricate designs and the variety of historical themes they encompass. The 1999 series, which commemorated the 50th anniversary of the People's Republic, features vibrant colors and detailed depictions of landmark events and figures in modern Chinese history. The series exemplifies the blend of tradition and modernity through its artistic elements.