1/NT/NT/dollar=0.2306 RMB

1 RMB=4.3360/NT/NT/ dollar

12000000/NT/NT/ dollar= 2767527.3646 RMB

The legal currency of the People's Republic of China is RMB. The People's Bank of China is the national competent authority for the management of RMB and is responsible for the design, printing and issuance of RMB.

The unit of RMB is Yuan, and the units of RMB minor currencies are dimes and cents. 1 yuan is equal to 10 jiao, and 1 jiao is equal to 10 cents. The RMB symbol is the first letter of Yuan's pinyin, capital Y plus two horizontal lines, which is "?".

It has taken 71 years since the People's Republic of China issued the RMB. With the development of economic construction and the needs of people's lives, it has been gradually improved and improved. So far, five sets of RMB have been issued, forming a banknote and A currency system with multiple varieties and series including metal coins, ordinary commemorative coins and precious metal commemorative coins. Except for 1, 2 and 5 cent coins, the first, second and third sets of RMB have been withdrawn from circulation. The fourth set of RMB will cease circulation on May 1, 2018 (1 jiao, 5 jiao banknotes and Except for 5 jiao and 1 yuan coins). The RMB in circulation is mainly the fifth set of RMB issued in 1999, 2005, 2015 and 2019.

On January 20, 2016, the People’s Bank of China revealed information at a meeting held here: It will strive to launch a digital currency issued by the central bank as soon as possible. The meeting believed that under China’s current economic new normal, it is necessary to explore the digital currency issued by the central bank. Digital currency has positive practical significance and far-reaching historical significance.

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 came into effect on October 1, 2016.

The RMB is issued by the People's Bank of China. In addition to the three coins of 1, 2 and 5 cents, the first, second and third sets of RMB have been withdrawn from circulation. The fourth set of RMB was released in 2018. It will be withdrawn from circulation on May 1st. The RMB in circulation in the market is the fifth set of RMB; the banknotes in circulation are: 1 jiao, 5 jiao, 1 yuan, 5 yuan, 10 yuan, 20 yuan, 50 yuan, 100 yuan; coins are 1 yuan, 5 jiao, 1 jiao, 5 cents, and 2 cents. and 1 point.

In 1950, entrusted by President Nan Hanchen, Mr. Ma Wenwei inscribed the words "People's Bank of China" on the RMB.

Among the five sets of RMB displayed in the China Numismatic Museum, what is different from the last four sets is that the first set of RMB (except for the 1953 version of the 5,000 yuan Weihe Bridge pattern coupon) has the "People's Bank of China" six The characters and Chinese characters are arranged from right to left. When reviewing the banknotes in 1952, the great man proposed that the names of RMB banks should be arranged from left to right. Therefore, since 1953, the "People's Bank of China" on the RMB has been arranged uniformly. Changed from left to right.

Symbols

The study guide for the "Regulations on the Administration of Renminbi of the People's Republic of China" published by China Financial Publishing House in 2000 has a detailed explanation. The unit of RMB is Yuan, the auxiliary currency unit is jiao and cent. As the code of the payment unit, the symbol of RMB is the capital Y of the pinyin of Yuan plus two horizontal lines, which is "?".