According to the China Radio International’s (CRI) English service, the People’s Bank of China is to begin gradually replacing the one yuan banknote for a coin.
In January, the Jinan branch of the People’s Bank of China announced that it will issue the one yuan coins instead of banknotes to commercial banks in five pilot cities in Shandong.
To see the full article on the CRI English website click here.
Author: SMI
https://www.securamonde.com SMI is the acknowledged world leader in the provision of independent technical & commercial expertise to the currency industry. Founded in 1994, SMI consultants each have many years’ experience working in the currency industry, and consequently have extensive knowledge and understanding of all aspects of the banknote and coin markets, offering consultancy services on a range of issues related to the security, manufacture, issue, circulation and management of physical cash in the economy.
