China Bank's foreign exchange certificate, referred to as foreign exchange certificate for short, was authorized by the State Council and issued by China Bank on April 1980, and started to be used on April 10/995. Here is a brief introduction.

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The main purpose of foreign exchange certificates is collection, and its collection value mainly lies in:

1, the foreign exchange certificate is a record and witness of the extraordinary historical period of China's reform and opening up, and a reflection of a precious history.

2. The foreign exchange certificate has excellent paper quality and exquisite printing. The word "Bank of China" is also written by calligrapher Guo Moruo, and the pattern shows the great rivers and mountains of the motherland.

Compared with the first and second sets of RMB, foreign exchange certificates have fewer varieties and lower prices, which is very suitable for small and medium-sized coin collectors to invest and participate. In addition, its patterns are all drawn from places of interest in China, which have high artistic taste and collection value. The price of each foreign exchange certificate has risen sharply, ranging from five or six times to dozens of times. In particular, the one-dime, two-dime, five-dime and one-dollar coupons with low face value are the strong varieties in foreign exchange coupons because of their relatively low market price, large room for growth and great appreciation potential.

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Market trend of foreign exchange certificate collection

Compared with the total circulation

The third edition of RMB was issued from April of 1962 to July of 2000, which lasted for 38 years, with a total of about 723 1 piece. The crown number of two Roman numerals * * * is followed by eight digits * * *, with a maximum circulation of 1 billion * * *, and there are 400 of them, of which 15. * * Because it is difficult to count the circulation of supplementary numbers, this paper subtracts all the circulation of supplementary numbers, and the maximum circulation of two Roman numerals is 38.5 billion; The crown number of three Roman numerals * * * is followed by seven * * * digits. Maximum circulation10 million * *, 683 1, among which there are 54 supplementary numbers. The maximum circulation of three Roman numerals is 67.7 billion. The circulation of RMB in the third edition is about 1062 million. However, the total number of foreign exchange certificates is 324, and the 79th edition of * * * has 3 18 and 1 1. Because all titles of the 79th edition are followed by six digits * * *, its maximum circulation is only 3 1 10,000. The 88th edition of * * * has six titles, including two supplements, and the maximum circulation is only 400 million. The circulation of foreign exchange certificates is about 700 million. The comparison between foreign exchange certificates and the third edition of RMB is 7:1000; This 0.7%, if it is more than 1 million, the gap is not too big, but when it is more than 100 million, the gap will be big.

From the comparison of lost circulation rate and recovery rate

It took 38 years for the third edition of RMB to be issued and stopped. Because it is used all over the country, the worn-out loss must be very large, and it is conservatively estimated to be around 30%, which means that there are 32 billion banknotes left. However, the recovery rate may be much lower than that of the first and second editions of RMB.

There are two reasons for this. First, when the third edition of RMB was discontinued, the overall living standards of the people throughout the country had been greatly improved, and many people inadvertently enhanced their awareness of collection. Many of them have been kept at home as souvenirs. 2. Around 1996, before the third edition of RMB stopped issuing, a collection market specializing in stamps and coins gradually appeared in various places and formed a certain scale. Beijing, Shanghai, Guangzhou and Chengdu are the largest distribution centers for stamps and coins. After some publicity, agitation and hype, the collection fever has rapidly warmed up, and the money-making effect has spread rapidly, almost forming a national hype.

The skyrocketing price of stamps has also led to the upsurge of coin collection. Take the third edition of RMB as an example, the lathe worker's RMB 2 yuan rose to 150 yuan, the steelmaking RMB 5 yuan rose to 80-90 yuan, and other currencies also rose to 10 to 20 times.

Although the price has gone up and down, it is always much higher than the national recovery in face value. Therefore, the third edition of RMB has a considerable amount, which directly flows into the collection field, and the recovery rate is relatively low. It is estimated that the recovery rate is about 90%, and after deducting the amount of residual banknotes, about 66 billion sheets will be recovered.

In that case, the third edition of RMB should be around 8 billion. In terms of foreign exchange certificates, before the announcement of the suspension of circulation, the overall economic environment of the country has been greatly improved, the foreign exchange policy has been quite relaxed, and the Bank of China has also made preparations for the recovery of foreign exchange certificates in advance, basically only accepting * * * without changing * *.

Because foreign exchange certificates can enjoy many benefits in use, they can be converted into RMB by 1: 1.3 in a certain informal range. Therefore, when people learned that foreign exchange certificates were about to stop circulating, they tried their best to use them. As a result, the recovery rate of foreign exchange certificates was high. The recovery ratio of foreign exchange certificates is similar to that of RMB in the first edition, which is about 96-98%, that is, about 670 million certificates have been recovered. If you deduct some residual banknotes, the total number of foreign exchange certificates will be 20-30 million. Compared with the 8 billion sets of the third edition RMB in the world, the rarity of foreign exchange certificates can be imagined.

Comparison between rarity and survival.

Only11million copies of the 79th edition of foreign exchange certificates with a minimum of 50 won have been issued. Because of the influence of counterfeit products, it only took ten years, so I only took it and didn't pay it, so I issued another 88 edition of 50 won. When a certain amount is recovered, it will be destroyed.

After six or seven years of recycling and destruction, its surviving stock should be less than five thousandths, about 40 thousand to 50 thousand. Brand new products are rare. The Bank of China assembled about 10,000 copies and distributed one to each employee who has worked in this bank for about ten years. As a souvenir, most of the 79th edition banknotes with 50 yuan and 100 yuan are semi-new products in circulation and have 30 serial numbers. The whole knife is a treasure.

Although this amount is not as scarce as the second edition, it is estimated to be comparable to the 53-year edition of 3 yuan and 5 yuan, not far from the 62-year edition of the corner back green watermark, and certainly much less than the 60-year edition of Bordeaux.