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70 - 70th Anniversary of the RMB
| Issuer | People's Bank of China |
|---|---|
| Year | 2018 |
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| Composition | Paper |
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| Obverse description | Vignette of the headquarters of the People's Bank of China to the centre-right, set against a pink guilloche underprint. A wide vertical silvered security strip bearing the repeating text "1948-2018" runs through the note. The numeral "70" appears in stylised gold lettering to the left. |
|---|---|
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| Reverse lettering | 70 中华人民共和国人民币发行70周年纪念 (Translation: The 70th anniversary of the issuance of RMB by the People's Republic of China.) |
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| Comments |
The People's Bank of China released this commemorative note in December 2018 to mark seventy years since the renminbi was formally introduced on 1 December 1948 — the date the People's Bank itself was established in Shijiazhuang, Hebei, consolidating several regional communist-controlled currencies into a single national unit ahead of the final phase of the civil war. The anniversary series was issued in a single denomination of 50 yuan and attracted immediate speculative buying, with secondary market prices spiking well above face value within days of release.
Paper rather than polymer, which distinguished it from China's earlier commemorative issues in the series.