300 Yuan 70th Anniversary of the Issuance of Renminbi

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.