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.
The People’s Republic of China has issued five banknote series; the first series of banknotes was issued in 1948 by the newly founded People’s Bank of China, which introduced notes in denominations of 1, 5, 10, 20, 50, 100 and 1000 yuan, followed by the 200, 500, 5000 and 10,000 yuan in 1949, and the 50,000 yuan in 1950. The second series of banknotes was introduced in 1955, in denominations of ¥0.01, ¥0.02, ¥0.05, ¥0.1, ¥0.2, ¥0.5, ¥1, ¥2, ¥3, ¥5 and ¥10. The third series of banknotes was introduced in 1962, with denominations of ¥0.1, ¥0.2, ¥0.5, ¥1, ¥2, ¥5 and ¥10. The fourth series of banknotes was introduced between 1987 and 1997, in denominations of ¥0.1, ¥0.2, ¥0.5, ¥1, ¥2, ¥5, ¥10, ¥50 and ¥100. The fifth series of banknotes was started to be introduced in 1999 and includes notes in denominations of ¥1, ¥5, ¥10, ¥20, ¥50 and ¥100.
The 50 Chinese yuan note front design features the portrait of Mao Zedong or Mao Tse-tung (1893 – 1976), was a Chinese communist revolutionary who served as the chairman of the Chinese Communist Party from 1949 until he died in 1976. He is regarded as the founding father of the People’s Republic of China. The portrait is followed by the stylized illustration of a chrysanthemum flower and the National Coat of Arms.
The reverse of the note illustrates the Potala Palace (UNESCO World Heritage Site), a dzong fortress in the city of Lhasa, which is part of the Tibet Autonomous Region. The lettering of the note is presented in the Chinese, Mongolian, Tibetan, Uyghur and Zhuang languages. This note is part of the 2005 series, and its color is green on a multicolor underprint.
Text: 中国人民银行 (Zhōngguó rénmíng yínháng) 50, 50 伍拾圆 （Wǔshí yuán）毛泽东 （Máozédōng） 1893-1976 50 ZHONGGUO RENMIN YINGHANG 50 ᠳᠤᠮᠳᠠᠳᠤ ᠤᠯᠤᠰ ᠤᠨ ᠠᠷᠠᠳ ᠤᠨ ᠪᠠᠩᠬᠢ ཀྲུང་གོམི་མི་རྣམས་དངུལ་ཁང་། ལྔ་བཅུ جۇڭگو خەلق بانكىسى ئەللىك يۈەن Cunghgoz Yinzminz Yinzhangz haj cib maenz, 50 YUAN 2019 年.