Fifth series of the renminbi

The fifth series of the renminbi is the current coin and banknote series of the Chinese currency, the renminbi. They were progressively introduced since 1999 and consist of ¥0.1, ¥0.5, and ¥1 coins, and ¥1, ¥5, ¥10, ¥20, ¥50, ¥100 notes. The ¥20 banknote is a new denomination, and was added in this series. All banknotes in this series feature a portrait of Chinese Communist Party chairman Mao Zedong by artist Liu Wenxi.[1] Therefore, this series of banknotes is also known as "Grandpa Mao" (Chinese: 毛爷爷) among the people.[2]

First (1999) edition

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Coins of the first edition replace all 3 values from the previous series, namely ¥0.1, ¥0.5, and ¥1. The Emblem of the People's Republic of China of the previous series has been removed and the title of the state has been replaced by "People's Bank of China". The 1 jiao (¥0.1) coin also shrank in size.

The first edition includes the following coins:

5th Series Coins, First (1999) Edition[3]
Obverse Reverse Value Technical parameters Description Date of
Diameter Composition Edge Obverse Reverse year issue withdrawal
1 jiao (¥0.1) 19 mm Aluminium alloy Plain Bank title, value, year of minting Orchid, with pinyin bank title 1999-2005 2000-10-16 Current
5 jiao (¥0.5) 20.5 mm Copper alloy-plated steel Alternating between

reeded and smooth

Bank title, value, year of minting Lotus, with pinyin bank title 2002-2018 2002-11-18 Current
¥1 25 mm Nickel-plated steel "RMB" repeated 3 times Bank title, value, year of minting Chrysanthemum, with pinyin bank title 1999-2018 2000-10-16 Current
For table standards, see the coin specification table.

The first edition includes the following banknotes:

5th Series Banknotes, First (1999) Edition[4]
Image Value Dimensions Main Colour Description Date of
Obverse Reverse Obverse Reverse Watermark printing issue withdrawal
¥1 1 130 × 63 mm Yellow-green Mao Zedong and Orchid Three Pools Mirroring the Moon at West Lake Orchid 1999 July 30, 2004 Current
¥5 135 × 63 mm Purple Mao Zedong and Narcissus Mount Tai Narcissus November 18, 2002 Limited
¥10 140 × 70 mm Blue Mao Zedong and Rose Three Gorges of the Yangtze River Rose September 1, 2001
¥20 145 × 70 mm Brown Mao Zedong and Lotus Scenery of Guilin Lotus October 16, 2000
¥50 150 × 70 mm Green Mao Zedong and Chrysanthemum Potala Palace Mao Zedong September 1, 2001
¥100 155 × 77 mm Red Mao Zedong and Prunus mume Great Hall of the People October 1, 1999
For table standards, see the banknote specification table.

Remark

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  1. The ¥1 note, introduced on July 30, 2004, can also be argued as a member of the second edition because it shares similar new security features that are introduced in the banknotes of the second (2005) edition.

The new banknotes incorporate several measures to foil counterfeiting, including watermarks and inks that fluoresce under ultraviolet light. All but the ¥1 banknote have a metallic strip, and the ¥50 and ¥100 banknotes also feature numbers which change colour when viewed from different angles. The portrayals of different leaders on the ¥100 banknote, and of different nationalities of China, represented by two people in ethnic dress on the front of previous banknotes, have also been uniformly replaced with the image of Chinese Communist Party chairman Mao Zedong.

Those 1999 banknotes except the ¥1 were partly withdrawn since April 1, 2018 due to high quality counterfeits notes in circulation.

Second (2005) edition

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The 2005 edition was introduced on August 31, 2005, with the following banknotes and coins:

  • banknotes: ¥5, ¥10, ¥20, ¥50, ¥100
  • coins: ¥0.1

There is no difference in the basic color and design between the banknotes of the 1999 and 2005 edition. However, new security (anti-counterfeit) features are added in the 2005 edition that distinguishes the two. The differences as compared to the 1999 edition are:

  • Dated 2005
  • The currency number at the bottom of the reverse is added with “YUAN” indicating the pinyin of the unit (圓) in the Chinese language.
  • Added EURion constellation to deter computer-aided counterfeiting
  • Removal of fibre threads
  • Removal of the second set of serial number on ¥50 and ¥100 banknotes
  • Prominent raised ink printing on the right side of obverse

The material of the new ¥0.1 coin is stainless steel, rather than duralumin (an aluminum alloy).

The second edition includes the following coin:

5th Series Coin, Second (2005) Edition
Obverse Reverse Value Technical parameters Description Date of
Diameter Composition Edge Obverse Reverse year issue withdrawal
1 jiao (¥0.1) 19 mm Stainless steel Plain Bank title, value, year of minting Orchid, with Pinyin bank title 2005-2018 2005-08-31 Current
For table standards, see the coin specification table.

The second edition includes the following banknotes:

5th Series Banknotes, Second (2005) Edition
Image Value Dimensions Main Colour Description Date of
Obverse Reverse Obverse Reverse Watermark printing issue withdrawal
¥5 135 × 63 mm Purple Mao Zedong and Narcissus Mount Tai Narcissus 2005 August 31, 2005 Current
¥10 140 × 70 mm Blue Mao Zedong and Rose Three Gorges of the Yangtze River Rose
¥20 145 × 70 mm Brown Mao Zedong and Lotus Scenery of Guilin Lotus
¥50 150 × 70 mm Green Mao Zedong and Chrysanthemum Potala Palace Mao Zedong
¥100 155 × 77 mm Red Mao Zedong and Prunus mume Great Hall of the People
For table standards, see the banknote specification table.

Third (2015, 2019, 2020) edition

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A new 2015 edition was introduced on November 12, 2015, for the ¥100 banknote. The new edition includes:[5][6][7][8]

  • Date of printing (2015)
  • Raised ink printing on the right side of the obverse replaced with raised printing on the Great Hall of the People (reverse)
  • Metallic strip replaced by a visible and colour-shifting security thread, placed on the reverse side of the note
  • Restoration of the second (vertical) serial number
  • Colour-shifting currency number at bottom-right of the obverse moved to the larger currency number at center of the obverse side of the note

The new 2019 edition of the fifth series of the renminbi was introduced on April 29, 2019, and was issued into general circulation on August 30, 2019, with the following banknotes and coins:

  • banknotes: ¥1, ¥10, ¥20, ¥50
  • coins: ¥0.1, ¥0.5, ¥1

A new 2020 edition was also introduced on July 8, 2020, for the ¥5 banknote, and was issued into general circulation on November 5, 2020.

The new design is similar to the banknotes of the 1999 and 2005 edition, with some changes made to the printing patterns of both bills and coins. Officials at the People's Bank of China also told the press that the latest issuance does not include a new 5-yuan note, which is being tested for new printing technologies in a bid to reduce counterfeiting of the Chinese currency.[9]

The new ¥1 coin has been narrowed into 22.25 mm, 2.75 mm less than before. Also, the new ¥0.5 coin contains eight isometric serrations with the coin's color becoming nickel instead of golden yellow inside, and the inner edge of the coin is changed into a polygon from circle.[citation needed]

The third edition includes the following coins:

5th Series Coins, Third (2019) Edition
Obverse Reverse Value Technical parameters Description Date of
Diameter Composition Edge Obverse Reverse year issue withdrawal
1 jiao (¥0.1) 19 mm Stainless steel Plain Bank title, value, year of minting Orchid, with Pinyin of bank title 2019- 2019-08-30 Current
5 jiao (¥0.5) 20.5 mm Nickel-plated steel Reeded Bank title, value, year of minting Lotus, with Pinyin of bank title
¥1 22.25 mm "RMB" repeated 3 times Bank title, value, year of minting Chrysanthemum, with Pinyin of bank title
For table standards, see the coin specification table.

The third edition includes the following banknotes:

5th Series Banknotes, Third (2015, 2019, 2020) Edition
Obverse Reverse Value Dimensions Main Colour Description Date of
Obverse Reverse Watermark printing issue withdrawal
¥1 130 × 63 mm Yellow-green Mao Zedong and Orchid Three Pools Mirroring the Moon at West Lake Orchid 2019 August 30, 2019 Current
¥5 135 × 63 mm Purple Mao Zedong and Narcissus Mount Tai Narcissus 2020 November 5, 2020
¥10 140 × 70 mm Blue Mao Zedong and Rose Three Gorges of the Yangtze River Rose 2019 August 30, 2019
¥20 145 × 70 mm Brown Mao Zedong and Lotus Scenery of Guilin Lotus
¥50 150 × 70 mm Green Mao Zedong and Chrysanthemum Potala Palace Mao Zedong
¥100 155 × 77 mm Red Mao Zedong and Prunus mume Great Hall of the People 2015 November 12, 2015
For table standards, see the banknote specification table.

References

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  1. ^ Zhuan Ti (2013-04-21). "Brush with history". China Daily. Retrieved 2019-08-24.
  2. ^ ""毛爷爷"在世时为啥没有上"国家名片"人民币？--上观". www.shobserver.com (in Chinese (China)). Archived from the original on 2022-04-13. Retrieved 2019-04-29.
  3. ^ 中华人民共和国货币概况 (in Chinese). The People's Bank of China. Archived from the original on September 10, 2004.
  4. ^ 第五套人民币 [Fifth series of RMB] (in Chinese). The People's Bank of China. Archived from the original on September 16, 2004.
  5. ^ Lau, Mimi (10 August 2015). "China to issue new 100 yuan note to counter the counterfeits". South China Morning Post. Retrieved 18 August 2015.
  6. ^ "New Security-enhanced 100 Yuan Note Enters Market on Thursday". Xinhua News Agency. 12 November 2015. Retrieved 12 November 2015.[dead link‍]
  7. ^ China new 100-yuan note reported for 12.11.2015 introduction BanknoteNews.com. August 11, 2015. Retrieved on 2015-08-24.
  8. ^ China new 100-yuan note confirmed issued 12.11.2015 Banknote News (banknotenews.com). November 12, 2015. Retrieved on 2016-10-10.
  9. ^ "China to issue new RMB bills in August". CRI Online. 29 April 2019. Retrieved 29 April 2019.
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