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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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| Diameter | 100 mm |
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| Obverse description | The obverse features the national emblem of the People's Republic of China at center, depicting Tiananmen Gate surmounted by five stars and framed by ears of grain and a cogwheel, rendered in high relief against a polished field. The Chinese legend 中华人民共和国 (People's Republic of China) arcs around the upper periphery in Chinese characters. The year of issue, 2018, appears in the lower exergue in Arabic numerals. |
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| Obverse lettering | 中华人民共和国 2018 |
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| 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.