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300 Yuan 70th Anniversary of the Issuance of Renminbi

Issuer People's Bank of China
Year 2018
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Weight 1000 g
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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.

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