Chinese yuan and its stability

Chinese yuan - is the official currency of China.On the international currency market currency designated as CNY (or RMB).In everyday life the most common banknote hair dryers (1, 2 and 5);Jiao (1, 2 and 5) and coins RMB (1, 2, 5, 10, 50, 100).1 yuan equals 100 jiao or 100 fen.Emission of money is carried out by the People's Bank of China.

Yuan is not an international currency, but experts believe that in about 15 years it will be the same as the dollar and the euro.

emergence of the yuan

mention of Chinese money appeared 4,500 years ago.During the reign of Zhou they looked like bronze objects like knife.Money in China have acquired a new species in 210 BCThe coin is a copper disc in the center of which was a hole in the form of a square.The circle represented the sky and male principle Yang and the square - the land and the feminine Yin.All coins have a weight of 3.5 g on the face of the character portrayed by 4 with the motto of the emperor and called coins.This design lasted until the 20th century.

During the reign of the Tang was in use Qian coin that weighed about 5,4g.Began to print paper money in 1024, and in 1260, when the rules of the Mongol Yuan dynasty, new bills.

In 1835, Yuan began to mint coins in the form of silver.Chinese Yuan in 1889, Jiao divided into (10), hair-driers (100) and veni (1000).The single currency was absent in China until 1933 (sanga were Tibetan, Manchu yuan, Xinjiang yuan, Japanese yen).Yuan in 1935, withdrawn from circulation and replaced by Fabi based on gold.

As the compound of the Chinese regions of the country in 1948 after the formation of the People's Bank of China introduced a new currency "Renminbi", ie"People's money", in other words - the yuan.

Modern money in China

obverse of each banknote denomination points in Chinese and in Braille, and the reverse - in Mongolian, Tibetan, Zhuang and itszu languages.

  • 1, 5, 10 yuan depict a portrait of Mao Zedong and the coat of arms, as well as the landscape of the gorge Changyang;
  • Chinese yuan face value of 20 - a portrait of Mao Zedong and the coat of arms on the reverse - the Huang Ho River;
  • 50 yuan - a portrait of Mao Zedong and the coat of arms, reverse - Wall;
  • 100 yuan - a portrait of Mao Zedong, flying dragon and the Beijing building ChinaCentury Altar.

Chinese yuan.Degree of protection

Denominations reserved embossed inscription, a hologram and a transparent window.Small bills are not shelterbelts, so they have a lower level of protection.Hair Mao - one of the degrees of protection of large denomination notes: they felt under the finger.Around denomination banknotes glows blue halo.

coins are commemorative in China, they are minted in brass.Available also ritual money, called the money underworld Bank and used in the performance of funeral rites.The ratio of Chinese to those denominations is very serious: the dead give paper money to live in the afterlife.

China's financial system

Economic conditions in the country is very complicated - and external, and internal.However, in 2011 the country's financial system was stable, deepen reform and improve the capacity of exclusion risks.

Last year did not reduce the rate of the fiscal health of the government, private households and businesses;gradually built the financial infrastructure - as noted in the report about the state of the financial stability of the Central Bank of China.

Stress tests have shown that the powerful potential confrontation macroeconomic shocks have 17 major commercial banks in China.

According to the assessment of the Chinese banking system, the bank has adequate capital reserves, but a decline of growth of deposits and the increase of pressure on liquidity.

The report noted that, despite the fact that the risks are sometimes required attention, in general, the banking system remained healthy.

Central Bank of China continues to pursue further the reform process, helping to establish the base rate through market mechanisms, and improve the mechanism of the RMB exchange rate, to increase the control over risks.