Currencies of China, from silver to "mulberry" banknotes

in Central and East Asia, is the set of states that can boast of its long history.One such country is China.On the territory of the modern state is home to more than a billion people.The most populous country in the world and has one of the longest in its history.Along with thousands of years of becoming sovereign system is a long process of development took place and the monetary units of China.

Liang, iambic and candareen

in the ancient state highly appreciated the silver.Until the end of the twentieth century on the territory of the modern state of the metal is not subject to the coinage.Instead of coins in use was common to use small bars.They had their name - liang.While these bars is a national currencies of China.One tael weighed a little more than 31 grams.Silver bullion could be exchanged for coins made of copper.They had a square hole right in the middle.For one liang gave about 1200 coins.

Board of virtually every new Chinese emperor marks the introduction of the empire and the new monetary system.So, in the era of the Qing Dynasty, one liang gave ten mao.Those, in turn, can be exchanged for 100 candareen.However, these monetary units in China were not the smallest.In those days in the territory of the Celestial Empire (second country) candareen one could "break" 10 Is.

Ancient China's monetary system and provides for a larger than liang, the means of payment.They are large enough silver bullion, which is similar to the name of literary terms - pentameter.Each cash nugget weighing about 1.5 kg, which is approximately equal to the mass of 50 lyanam.

¬ępioneers" in the production of banknotes

Of course in the history of high school many know that the Celestial Empire - is the birthplace of silk and tea.However, not many people know that this country is also the place where the world's first paper money appeared.These currencies were first used in China in the 2nd century BC.e.The mention of this event, the documents handed down to us from the era of the reign of Emperor Wu Ti.According to historic manuscripts, paper notes were made of parchment, prepared from deer hides.After a while, the master of China created a technology development from the bark of the paper mulberry (mulberry).This achievement allows us to simplify the process of making paper money.

introduction of paper money

prerequisite for the emergence of paper means of payment is the low purchasing power of the copper coins, which at that time were minted imperial mint.Moreover, metal with a square hole kruglyashi had high weight.It is also in a certain way affected the desire of the Government to change the heavy coin on a lighter material.

order not to carry with them a few kilos of copper cash items, the population began to fail kruglyashi metal merchants.Those people gave in return receipts, which are the means of payment.However, in the early 11th century BC.e.the government banned the merchants engaged in such activities.In order to facilitate market relations between the population and settlements, the imperial court began to produce receipts.Paper banknotes were full replacement of copper coins.Each of the receipts had its cost value.

modern payment system

In 1835, the country began to issue new money.In China, the name of the "fresh" unit sounded like "the renminbi."Translated this unpronounceable word means "people's money."Worldwide, the name of a new unit known as the yuan.However, a national means of payment money began relatively recently - in the late 40s of the 20th century.Until this point the payment system of China has survived many crises and innovations.

Up until the early 20th century on the territory of the country had circulated the silver standard.The population in rural areas has also been used by ancient Chinese coins, which were called the nurse (caches).As such, a unified system of payments and settlements lacking in the country until 1949.In the hands of the population at the same time could be pyres Chinese and US dollars, Hong Kong banknotes and copper coins.

One means of payment

In 1948, the government has moved away from the use of silver, and included in its monetary system gold exchange standard.It was then that a single national means of payment was recognized as the yuan.

At the moment, the question of how the money is called in China, you can easily answer - Yuan.However, apart from this tender, the National Bank of the country also produces and candareen jiao (fen).The free circulation can be found around 22 bills.Jiao and fyni are issued in denominations of 1, 2 and 5 units.The same bill also has the yuan.Additionally banknote produced 10, 50 and 100 "RMB".