WikiMini

Second series of the renminbi

The second series of Renminbi banknotes was introduced on March 1, 1955 (but dated 1953). Together with the introduction of the second series, the decimal point was moved 4 places to the left. As a result, one first series ¥10,000 note is equivalent to one second series ¥1 note.

Coins

[edit]
Obverse Reverse Value Technical parameters Description Date of
Diameter Composition Edge Obverse Reverse year issue withdrawal
¥0.01 18 mm Aluminium-magnesium alloy Intermittent wire teeth Wheat, value, year of minting Emblem of the People's Republic of China 1955-2018 December 1, 1957 Current
¥0.02 21 mm 1956-2000
¥0.05 24 mm 1955-2000
For table standards, see the coin specification table.

Though rarely used, coins of the 2nd series can still be used in the People's Republic of China.

Banknotes

[edit]

Each note has the words "People's Bank of China" as well as the denomination in Uyghur, Tibetan and Mongolian on the back. However, Zhuang was not included as the Zhuang alphabet had not been invented yet. Those four languages have all since appeared on each new series of renminbi banknotes.

The denominations available were:

2nd Series Banknotes (1955 Edition)
Image Value Dimensions Main color Description Date of Remark
Obverse Reverse Obverse Reverse issue withdrawal completely recalled
¥0.01 90 × 42.5 mm Yellow ZIS-150 / FAW Jiefang CA10 (built in China under license of ZiS) 4-Tonne Truck National Emblem of the People's Republic of China March 1, 1955 July 1, 2003 April 1, 2007 With serial number and printed in China
¥0.02 95 × 45 mm Blue Lisunov Li-2 (built in the Soviet Union under license of the Douglas DC-3)
¥0.05 100 × 47.5 mm Green Steam ship Hailiao, came over to the Communists from Hong Kong under the blockade of the Nationalists.
¥0.1 115 × 52.5 mm Yellow-brown Tractor December 15, 1967 January 1, 1999 Printed in China
¥0.2 120 × 55 mm Green Locomotive November 15, 1971
¥0.5 125 × 57.5 mm Purple Dam
¥1 150 × 67.5 mm Red Tiananmen October 20, 1969
¥2 155 × 70 mm Blue Mount Baota in Yan'an, Shaanxi December 1976
¥3 160 × 72.5 mm Green Longyuankou Bridge in Yongxin, Jiangxi April 15, 1964 May 15, 1964 Printed in Soviet Union
¥5 165 × 75 mm Brown Unite of races
¥10 210 × 85 mm Blue and black Labor and farmer December 1, 1957
For table standards, see the banknote specification table.
2nd Series Banknotes (1956 Edition)
Image Value Dimensions Main color Description Date of Remark
Obverse Reverse Obverse Reverse issue withdrawal completely recalled
¥1 150 × 67.5 mm Black Tiananmen National Emblem of China March 25, 1961 August 15, 1973 January 1, 1999 Printed in China
¥5 165 × 75 mm Yellow-brown Unite of races April 20, 1962 December 1, 1983
For table standards, see the banknote specification table.
2nd Series Banknotes (1981 Edition)
Image Value Dimensions Main color Description Date of Remark
Obverse Reverse Obverse Reverse issue withdrawal completely recalled
¥0.01 Same as 1955 edition notes, but without the serial number. July 14, 1981 July 1, 2003 April 1, 2007 Without serial number and printed in China
¥0.02
¥0.05
For table standards, see the banknote specification table.

Remark

[edit]

The ¥0.01, ¥0.02, and ¥0.05 notes of the 1981 edition can also be argued as members of the third series of the renminbi due to being first issued in 1981, when the third series of the renminbi was also being issued.

The ¥3, ¥5, and ¥10 notes of the 1955 edition were printed in the Soviet Union. As a result of the Sino-Soviet split, the Soviets started printing these banknotes as counterfeits as a part of economic warfare against China. Thus, such counterfeit notes were found in Xinjiang after several border conflicts. The use of the 1955 edition banknotes was halted on April 15, 1964, and they were completely withdrawn and recalled on May 15, 1964.

The second series of the renminbi is the only series of the renminbi to include a ¥3 banknote.

Except for the ¥0.01, ¥0.02, ¥0.05, ¥3, ¥5, and ¥10 banknotes of the 1955 edition, all banknotes were completely recalled on January 1, 1999. The use of the ¥0.01, ¥0.02, and ¥0.05 banknotes of the 1955 edition was halted on July 1, 2003, and they were completely withdrawn and recalled on April 1, 2007.

References

[edit]