Renminbi, or RMB, is the legal tender in People's Republic of China (PRC). This coin was issued by the People's Bank of China, 1948 12 1 for the first time, and a new version was released at19991,forming a variety of banknotes, coins, plastic banknotes, ordinary commemorative coins and precious metal commemorative coins.

1On October 20th, the People's Bank of China revealed at a meeting here that it would strive to launch the digital currency issued by the central bank as soon as possible. The meeting held that under the current new normal of China's economy, it is of positive practical significance and far-reaching historical significance for the central bank to explore the issuance of digital currency. 2065438+05438+065438 On October 30th, 2005/kloc-0, the International Monetary Fund announced that RMB was formally included in the IMF SDR currency basket, with a weight of 10.92%. The resolution will take effect on October 30th, 20 16+ 16/kloc-0.

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Since 2007, the name of RMB has aroused heated discussion from all walks of life. CPPCC member and economist Wu He suggested that RMB be renamed as Zhongyuan, Huayuan or China for the following reasons:

1, "people" is not unique to China;

2. Decoupling from the internationally renowned China name is not conducive to international cognition and is not catchy;

3. It is easy to change the name without printing money;

4. Late reform is not as good as early reform, so as to prepare for China's currency going international early;

5. Expand the scope of the concept of China's standard currency and enhance its influence on Hongkong, Macau and Taiwan Province Province.

References:

Baidu Encyclopedia-RMB