December 1, 1948 the establishment of the People's Bank of China started to issue the first set of RMB; the second set of RMB began to issue on March 1, 1955; April 15, 1962, issue of the third set of RMB; 27 April 1987 date of issue of the fourth set of RMB. The circulation in the market nowadays is basically the fifth set of RMB, as well as part of the fourth set of RMB.
[The first set of RMB]
December 1, 1948, the People's Bank of China was established and issued the first set of RMB 12 denominations and 62 kinds.
Unified issuance of renminbi in order to meet an important measure taken by the national liberation, it is clear the various currencies issued by the formal government, ending a decade misleading economy and the inflation under the ruling of KMT government. Issued a new authority currency ended nearly a hundred years of foreign currency, gold and silver coins circulating in the market trading history to promote the comprehensive victory of the people's liberation war, played an important role in the early days of economic recovery period.
Second set of RMB]
The second set of RMB began to issue on March 1, 1955, at the same time to recover the first set of RMB. The second set of RMB and the first set of RMB equivalent to the ratio of 1:10000. Due to the limitation of the technology level, the currency was printed outside of China and by the Soviet Union.
There is a clear design theme of the second set of RMB, and advanced printing technology, reasonable structure of the main coins, new pattern color. The main landscape pattern embodies the style of China's socialist construction, the performance of the theme of the course of the battle of the Chinese communist revolution and the great unity of people of all nationalities. In addition to the cents in the printing process, the other coupons of all plastic concave overprint, gravure is the production of traditional hand-carved, with a unique national style, and its advantage is that the version of deep lines, ink thickness, There are better anti-counterfeit security features.
[The third set of RMB]
Third set of RMB issued on April 20, 1962. In 1966 and 1967, the central bank of China has revision the one cent bill for twice, mainly to increase the full version of the watermark, and adjust the background color.
The third set of RMB nominal design pattern is more concentrated to the two pronged approach of China's national economy was agriculture-based, industry-led agriculture, light. In the printing process, the third set of RMB to inherit and carry forward the second set of RMB tradition, style. The plate-making process with great care, machine, and the traditional manual combining, so that the pattern, the pattern of fine lines; reasonable ink color, innovative, bright colors; coupon paper smaller, nice pattern.
This set the yuan is the currency of the socialist character and sense of innovation, the world's most theme of the picture closely linked to productivity improvements, and technology elements. The set of RMB issued a time when the planned economy era, the currency is considered to be directly related to the national economic life and the consolidation of the dictatorship of the proletariat big things. The socialist planned economy on the production, circulation, distribution, consumption can have a plan to carry out. Therefore, the currency issue and distribution of supplies, and strictly by the central (but not all roads under the dictatorship of the People's Bank of China) balanced, comprehensive arrangement. Its insistence on a unified currency, consolidate independence, long-term stability of the currency has become the world's a few stable currency.
[The fourth set of RMB]
In order to adapt to the needs of economic development, further improve China's currency system, facilitating the circulation and transactions accounts, the People's Bank of China from April 27, 1987, issue of the fourth set of RMB. Compared with the third set of RMB, there was an increasing of 50 yuan, 100 yuan bill. In order to meet the needs of anticounterfeit money RMB, August 20, 1992, also issued a revised 1990 edition $ 50, $100 vouchers to increase the security line.
The fourth set of RMB has some innovations and breakthroughs in the design ideas, styles and printing process. The main landscape pattern embodies the under the leadership of the Communist Party of China, the Chinese people of all high-spirited, solidarity, the construction of the theme of socialism with Chinese characteristics. In the design style, this set of yuan to maintain and carry forward the traditional features of the Chinese Folk Art picture of the back of the main currencies based on historical sites, mountains and rivers, the back of the decoration used in all the rich pattern of the Chinese national characteristics. In the printing process, the main King all substantially portraits watermark, the complexity of the carving; banknote paper using the full version of the watermark and fixed portrait watermark, which not only show the lines of picture, and show the shades, high technology to further improve the technology level of China Banknote Printing and banknotes.
Fifth set of RMB]
October 1, 1999, the People's Bank of China would be released the fifth set of RMB. Market liquidity needs, the fifth set of RMB 20 yuan denominations, canceled two yuan denomination, the denomination structure is more reasonable.
The fifth set of RMB inherited Chinese traditional printing technology experience to draw on foreign money is advanced technology designed, have been greatly enhanced security features and adapt to the currency handling modern. The front of each denomination are the picture of Chairman Mao Zedong in the early days of substrates using the famous Chinese flower pattern on the back of the main landscape pattern through the selection of a representative of the apartment ethnic characteristics of the pattern, and fully demonstrated China's long history and magnificent mountains and rivers and carry forward the great Chinese national culture.
In fact, there are also coin experts think that RMB collection on the market, very few investor has a correct view of investment on non-circulation currency. At the opposite site, the majority of the people of the RMB as an investment tool, many of them are pure speculators, especially the large number of acquisitions the third and fourth version of the RMB or even a large number of speculators hoarding the 1999 version of the fifth set of RMB.
As long as the investment environment is not good when the economy suffer a downturn, many of investor would like to invest the coin market that is why the non-circulation currency could become more and more popular.
In recent years, more and more new faces will appear to the collection of the RMB. Many of them have large amount of cash. For example, there are university professors, investors, real estate speculators, even some small business owners. Some of them spend tens of millions of fund collection yuan. Due to the scarcity of the non- circulation currency, it becomes very difficult for the speculators to monopoly the market.
In fact, from 1996 to 1997, the coin market once substantial skyrocketing. It is because the fourth edition of RMB currency has not yet pulls out of market, some speculators were largely bought them which push the currency price up. Some investors also follow the purchasing wave and have no idea their investment is not wise at all. After a short time period, the price of this set of RMB dropped sharply which cost most of the speculators and investors a large amount of money. This incident told us that we should be careful of what we are investing at, blindly follow others is not a rational way of investment.