China not planning larger denomination notes

According to an article in People's Daily Online dated 12 March 2012, Hu Xiaolian, deputy governor of the People's Bank of China, said that the central bank is not planning to issue larger denomination banknotes in the short term.

"We have noticed public complaints of inconvenience in bigger transactions...but we should consider all the pros and cons of the issue," said Hu at a press conference on the sidelines of the country's annual parliamentary session.

China new serial number format 5-jiao note confirmed


5 jiao, 1980. Like P883, but prefix format now A#A followed by 7-digit number, versus old format of AA and 8-digit number.

Courtesy of Alexander Petrov.

China new serial number format 1-jiao note confirmed


1 jiao, 1980. Like P881, but prefix format now A#A followed by 7-digit number, versus old format of AA and 8-digit number.

Courtesy of Alexander Petrov.

China new serial number format 1-yüan note confirmed



1 yüan (US$0.15), 1999. Like P895, but prefix format now A#A# in red followed by 6-digit number (top), versus old format of AA## in red and 6-digit number in black (bottom).

Courtesy of Andy Siegman.

China new serial number format confirmed


China has apparently issued notes with a new serial number format, specifically A0A0123456. This has been reported on 10c, 50c, Y1, and Y100 notes.

Courtesy of David Liu.

China denies rumors of 500-yuan note


The Fuzhou Branch of the People’s Bank of China denied rumors that a new 500-yuan (US$73.20) note will be released by November 2009. Fueled by fears of inflation, rumors of the new banknote have been floating around since 2006. Wei Guoqi, a senior official at the People’s Bank of China, declared “it's not true,” and stated that no formal notice about the introduction of any new banknotes had been received. Images of the purported new note bearing a portrait of Deng Xiaoping are considered a hoax.

China issues Olympics commemorative note


10 yuan (US$1.45), 2008. The PBOC introduced six million notes on 08.07.2008 to commemorate the Beijing Olympic Games. Cyan. Front: National Stadium (Bird’s Nest), games emblem, Temple of Heaven, and coat of arms. Back: Greek marble statue of discus-thrower, Discobolus; athletes (runners, high jumper, gymnast, soccer players). Watermark: 10 and “Games of XXIX Olympiad” in Chinese. 148.5 x 72 mm. Existing 10-yuan notes to continue circulating.