Catalog
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| Issuer | People's Bank of China |
|---|---|
| Year | 2018 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Weight | 1000 g |
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| Obverse description | Log in to see details |
|---|---|
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| Edge | Reeded |
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| Mintage | 2018 - Proof; Shenzhen Guobao Mint - 3,000 |
| Additional information |
The Renminbi was first issued on December 1, 1948, by the newly established People's Bank of China — founded just weeks earlier as Communist forces gained the upper hand in the civil war. It replaced a catastrophically inflated Nationalist currency at conversion rates that effectively wiped out whatever savings ordinary citizens had managed to preserve. This 2018 commemorative marks that seventieth anniversary.
The one-kilogram format places it firmly in China's prestige collector series, produced in strictly limited quantities for the domestic and overseas collector market rather than any circulation purpose.