| Alibaba.com is the largest B2B marketplace in the world. Source Coconut Oil, Acer , Air Bike, Children Furniture , Cane Sugar, Nissan, Costume, Dell, Wallpaper, Gsm Phone, Transfer Paper, Swimwear, Vending Machine, Faux Fur, Laptop, Milk Powder, MAP, Scooter, Candy, Artificial Flowers, Greeting Card, Photo Album, Hair Dye, Billiard Table, Data Cable, Silk Fabric, Cultured Stone, Slippers, Sports Equipment, Wood Flooring, DVD Case, Audio, Computer Mouse, T Shirt, Granite, Packaging, Tube, Toy and Thong |
|
| China to stop circulation of 2nd-version RMB cent paper money |
|
| www.chinaview.cn
2006-09-25 21:01:57
|
 |
|
The 1, 2, 5-cent paper money of the second version of the Renminbi(File Photo)
Photo Gallery >>> | BEIJING, Sept. 25 (Xinhua) -- China will stop the
circulation of the 1, 2, 5-cent paper money of the second version of the
Renminbi from next April 1, the People's Bank of China announced on Monday.
After the 1, 2, 5-cent paper money quitting
circulation, coins will fully replace the cent paper money in circulation in
China.
China issued cent money in the value of one cent, two
cents and five cents.
The 1, 2, 5-cent paper money can be changed into 1,
2, 5-cent coin in commercial banks between this October 1 and next March 31,the
announcement said.
Except in sectors such as banks, supermarkets,
hospitals, and telecommunication, cent money is less frequently used now, said a
spokesman with the central bank.
To stop the circulation of the cent paper money can
also improve the tidiness of the Renminbi in circulation, the spokesman said.
The second version of the Renminbi was issued in
1953.
Five versions of the currency have been issued in
China since the New China was founded in 1949, of which the first three versions
have been stopped from circulation. Enditem
|
|
|
|
