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Banknote And Coin Of PRC
TheFirstSeriesofRMB
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The first series of RMB was begun to issue from December 1, 1948. It had 12 different face value and 62 editions, among them, 1 yuan had two editions, 5 yuan had four, 10 yuan had four, 20 yuan had seven, 50 yuan had seven, 100 yuan had ten, 200 yuan had five, 500 yuan had six, 1000 yuan had six, 5000 yuan had five, 10000 yuan had four, and 50000 yuan had two. The first series of RMB was the only legal currency in China at that time and was circulating in China except Taiwan and Tibet. This issuance strongly supported the liberation war, meanwhile, it also made great contribution to the stabilization of the society, recovery of the production, and exchange of commodity between urban and rural areas.

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