A hundred-dollar bill weighs about 1.15 grams, a new ten thousand yuan note is 115 grams; one million yuan is 11,500 grams, equivalent to 11.5 kilograms. The weight of cash with a face value of 2 million yuan and one hundred yuan is 23 kilograms.

RMB (abbreviation: RMB; currency code: CNY; currency symbol: ?) is the legal currency of the Republic of China. Issued by the People's Bank of China, the currency was first issued on December 1, 1948. Until the new version was launched on October 1, 1999, five sets were issued, including banknotes, coins and plastic banknotes, ordinary commemorative coins and precious metal commemorative coins. A currency system with multiple varieties and series including coins.

On November 30, 2015, the International Monetary Fund announced that it would officially include the RMB in the IMF’s Special Drawing Rights currency basket, with a weight of 10.92%. The resolution will take effect on October 1, 2016. On January 15, 2018, Germany and France announced that they had included the RMB in their foreign exchange reserves. The two major economies in the Eurozone cast a vote of confidence in the RMB, indicating that the RMB's settlement and reserve status on the international stage has further increased.

Issuance procedures

The People's Bank of China sets up a RMB issuance warehouse and sets up branch libraries in its branches to be responsible for the safekeeping of RMB issuance funds. The RMB issuance fund refers to the RMB released by the banknote making factory and kept by the People's Bank of China that has not entered circulation. The allocation of issuing funds shall be handled in accordance with the regulations of the People's Bank of China.

The currency issuance of the People's Bank of China is mainly realized through the cash collection and payment business activities of ordinary banks. Deposits and withdrawals from commercial banks must be made through opening a deposit account at the People's Bank of China. The People's Bank of China handles cash deposits and withdrawals from commercial banks during business hours.

Cash deposits and withdrawals from commercial banks to the People's Bank of China shall be handled by the commercial bank where the account is opened; cash at the grassroots offices (offices) of the commercial bank where the account is opened shall be transferred to the People's Bank of China after being adjusted by the commercial bank where the account is opened.

When a commercial bank's grassroots branch has insufficient cash, the commercial bank should fill out a cash check and go to the local People's Bank to withdraw cash from its deposit account balance. Then the RMB is transferred from the issuance warehouse to the commercial bank's grassroots branch. Business library, which means that this part of RMB enters the circulation field. When the cash at a grass-roots branch of a commercial bank exceeds the inventory limit of its business library, the commercial bank shall fill in a cash payment slip for the excess part and submit it to the People's Bank of China. The entry of this part of RMB into the issuance bank means that it has withdrawn from circulation.

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