China Banknotes

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The People's Republic of CHINA is particularly famous in the numismatic realm for its popular bullion coins of various metals. Compared to China's vast array of commemorative coins, there is a smaller variety of banknotes. The currency is the Chinese Renminbi (currency code CNY), which has the base currency of Yuan and subdivisions of it. I have three Chinese banknotes of denominations that are no longer printed. They are the 2 and 5 Fen banknotes dated 1953, and the other is a 1 Jiao banknote dated 1980. The Fen is no longer used in China, while the Jiao is now reserved for coins only. To put the denominations into an equation, 1 Yuan = 10 Jiao, and 1 Jiao = 10 Fen. So, 100 Fen used to equal 1 Yuan when it existed.

What's on the Money?
Both Fen banknotes, top and middle banknotes in both images above, clearly showcase two important forms of transportation. The 1 Jiao's obverse shows two men of different ethnicities: one is a Gaoshan, while the other is a Manchu. The reverse of all three banknotes show China's national and government emblem.