China 1 Jiao

$0.00

Do you have a China 1 Jiao Coin? Here’s how to exchange it with us.

  •     Tell us how many 1 Jiao Coins you want to exchange
  •     Click on the ‘Add to Cart’ button.
  •     This will add the exchange value to your online wallet.

Repeat these steps for all banknotes, coins, stamps, and gift cards you want to exchange. Complete the checkout process and get paid within a week or less.

You get: $0.00
SKU: coin-.1CNY Categories:, ,
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Description

The renminbi is the official currency of the People’s Republic of China. The official currency symbol: 元 / ¥. The yuan is the basic unit of the renminbi. However, the term yuan is used in international contexts and is commonly used to refer to the currency of China. The People’s Bank of China introduced the renminbi in December 1948, before the People’s Republic of China was formed. It was first exclusively printed in paper money form, and it replaced the different currencies in circulation in Communist-controlled areas.

In 1953, the People’s Republic of China introduced the first coins in denominations of 1, 2, and 5 fen. Then, in 1980, 1, 2, and 5 jiao and 1 yuan coins were added. A new coinage was introduced in 1991, with 1 jiao, 5 jiao, and 1 yuan denominations. Between 1999 and 2002, new designs of 1 jiao, 5 jiao and 1 yuan were introduced; this change was repeated with an update of these denominations in 2019.

The 1 jiao coin front design features an orchid blossom and the People’s Bank of China name. The reverse of the coin presents the denomination and the issue date. This coin is part of the 2005 series, its rim is plain, and its color is silver.

Text: ZHONGGUO RENMIN YINHANG 中国人民银行 1 YI JIAO 角, 2006

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