foreign exchange certificate

Renminbi certificates with foreign exchange value. Foreign exchange certificate for short. It can only be used in the same value as RMB within the prescribed scope, but it is not another currency. In the late 1970s, with the development of China's tourism industry and the increase of foreign economic and cultural exchanges, more and more foreigners, overseas Chinese and compatriots from Hong Kong, Macao and Taiwan came to China, and the number of hotels, shops and other service departments dedicated to them increased accordingly. Since China implements a unified RMB market, foreign currencies are prohibited from circulating in the domestic market. In order to facilitate foreigners, overseas Chinese, compatriots from Hong Kong, Macao and Taiwan, resident staff of diplomatic agencies and non-governmental organizations in China to buy goods and pay fees in these places, China Bank issued foreign exchange certificates from April 1980. There are seven denominations: 100 yuan, 50 yuan, 10 yuan, 5 yuan, 1 yuan, 5 cents, 1 minute. The face value is equivalent to RMB, and it is not allowed to report the loss. The exchange procedures for foreign exchange certificates are as follows: When foreign tourists, overseas Chinese and compatriots from Hong Kong, Macao and Taiwan enter the country, the foreign currency and foreign exchange they carry can be exchanged into foreign exchange certificates in China Bank at one time. When leaving the country, if the remaining foreign exchange certificates are too late to be converted into foreign currency, they are allowed to take them out of the country freely and can be brought back to China for use later. On July 1995, foreign exchange certificates stopped circulating.

Foreign exchange certificate, referred to as foreign exchange certificate for short, is a bill issued by the Bank of China, which takes foreign currency held by foreigners, overseas Chinese and compatriots from Hong Kong, Macao and Taiwan as the exchange object and circulates with RMB within a specified range in China. RMB is the only legal tender in People's Republic of China (PRC). Strictly speaking, the foreign exchange certificate is just a ticket, not a currency, but it has the monetary function of pricing and circulation within a certain range.

On April 1980, Bank of China began to issue 1979 version of foreign exchange certificates with denominations of 1, 5, 1 yuan, 5 yuan, 10 yuan, 50 yuan, 100 yuan and 65438+. The issuing angle of foreign exchange certificates is the smallest unit, and the decimal below the angle uses RMB auxiliary currency.

The face of the foreign exchange certificate is characterized by the words "Bank of China" and "Foreign Exchange Certificate" written on the front, the scenic spots in China in the center, four frames with organic engraved patterns around them, and the upper parts of the two sides with organic engraved ball patterns and Arabic numerals denominations, and the lower parts with Chinese characters denominations and numbers printed. In version 1979, each coupon is a 6-digit number with two Chinese pinyin crowns; in version 1988, each coupon is an 8-digit number with the seal of "President" on the bottom frame, with "1979" or "/kloc-0". 50 yuan, 100 yuan has a fixed watermark of the national emblem on the right, 10 yuan turn-5 corner coupon has a mixed full-page watermark of the five-pointed star and the torch, and 1 corner coupon is a full-page watermark of the five-pointed star of the national flag. English "China Bank Foreign Exchange Certificate" and Arabic numerals and English numerical denominations are printed on the back, with Chinese and English text descriptions in the middle. 1988 100 yuan coupon differs from 1979 100 yuan coupon only in color. The colors of the 1988 version of 50 yuan Voucher and the 1979 version of 50 yuan Voucher are different, but the main scenes and patterns have changed.

1 994165438+1October 2 1 day, the People's Bank of China officially issued the Announcement on the Stop of Circulation and Limited Exchange of Foreign Exchange Certificates, which stipulated that "from199565438+1" Domestic institutions, foreign-invested enterprises, foreigners, overseas Chinese, compatriots from Hong Kong, Macao and Taiwan and domestic residents coming to China are not allowed to use foreign exchange certificates for pricing, payment and settlement. " "From the date of this announcement to 1 99465438+February 3 1 day, holders of foreign exchange certificates can go to the exchange period designated by banks until199565438+1month1day, and then they can only exchange them at China Bank. The exchange period of China Bank ends on June 30th 1995 ". 1996 On May 3, Bank of China issued the Announcement on Extending the Redemption Period of Foreign Exchange Certificates, which stated that "with the approval of the People's Bank of China, Bank of China extended the Redemption Period of Foreign Exchange Certificates to June 30,1996". "From the date of this announcement to June 30th, 1996, holders of foreign exchange certificates 5 can stop redeeming foreign exchange certificates at the institutions of China Bank, and from July 1996, the institutions of China Bank will stop redeeming foreign exchange certificates, with no extension in the future." At this point, the foreign exchange certificates that have been used in People's Republic of China (PRC) for 15 years have completely withdrawn from circulation, thus completing the historical mission.

Although foreign exchange certificate is a kind of ticket, it is not an authentic currency, but it is different from food stamps, cloth tickets, coal tickets and oil tickets. Printed with a face value equivalent to RMB, it cannot be used as RMB alone, and it belongs to a special currency that combines coupons and coins. As banks stop exchanging and the market stops circulating, the function of foreign exchange certificates is only one of the collections. At present, there are still a few foreign exchange certificates scattered in the hands of private people and banks, and investors and collectors have shown great enthusiasm and concern for them. There are three main reasons why foreign exchange certificates are favored:

First, foreign exchange certificates are value-added. Now the people of RMB have a strong sense of investment and hope to have a collection to preserve and increase the value. Foreign exchange certificates were issued by the state 15 years later, and they were recovered within a time limit. There were few scattered people, especially the complete set of foreign exchange certificates with good appearance, so it became the object of investors' pursuit.

Second, the appreciation of foreign exchange certificates. The foreign exchange certificate is made of high-quality water-printed paper, with moderate flexibility and bright and clear screen design. These designs are all places of interest and famous mountains and rivers in the motherland, including the Great Wall, the Temple of Heaven and the world-famous Huangguoshu Waterfall. The beautiful West Lake is known as the first mountain in the world, Huangshan Mountain, and the famous Three Gorges of the Yangtze River, the landscape of Guilin in the world, especially the inscription "A trip to China" written by Mr. Guo Moruo.

Third, foreign exchange is historical. At the beginning of China's reform and opening up, foreign exchange certificates were produced under the specific conditions that the material supply and foreign exchange management could not keep up with the rapid development situation at that time. They have played an important role in replacing and eliminating the illegal circulation of foreign currencies in China market, and as an effective management means, they have blocked the illegal arbitrage of non-trade foreign exchange channels, and prevented the goods of foreign suppliers from being snapped up and the foreign exchange supply of imported goods from being guaranteed. Therefore, the foreign exchange certificate itself has special historical significance.

Name Current Highest Transaction Price (Yuan/Zhang) Current Lowest Transaction Price (Yuan/Zhang)

Foreign Exchange Certificate 1979 Corner Waterfall (Hydropower) 7 3

Foreign exchange certificate 1979 one-corner waterfall (torch watermark) 130 70

Foreign exchange certificate 1979 Wujiaojing-Tiantan 10 7.8

Foreign exchange certificate 1979 Yiyuan West Lake-Santan Yin Yue 15 12

Foreign exchange certificate 1979 Wuyuan Huangshan 70 60

The foreign exchange certificate 1979 bypasses the Yangtze River-Wuxia 150 1 15.

Foreign exchange certificate 1979 Wu Shiyuan Guilin-Elephant Trunk Hill 2800 2350

Foreign exchange certificate 1988 Wu Shiyuan Guilin landscape 900 750

Foreign exchange certificate 1979 100 Yuan Wan Li Great Wall 1800 1300

Foreign exchange certificate 1988 100 Yuan Wan Li Great Wall 850 700

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