FIAT Money - Memories from the Bank Vault #1 - People's Republic of China - 100 Yuan Note
"An investment in knowledge pays the best interest." - Benjamin Franklin
FIAT Money is defined as: "A currency without intrinsic value that has been established as money, often by government regulation".
Many crypto-addicts like myself imagine and wish a future where FIAT money is less and less used, or not used at all. Nevertheless, paper money preserves a peculiar charm. The colors and drawings, the physical touch and different sizes, all contribute to the intrinsic fascination.
This is the first post of a series, hope you will enjoy it!
People's Republic of China - 100 Yuan Banknote - Front
People's Republic of China - 100 Yuan Banknote - Back
The Yuan is the basic unit of the Renminbi (the official currency of People's Republic of China) but in international context Chinese Yuan is used to refer to the Renminbi.
The Renminbi is issued by the People's Bank of China and it is officially used in People's Republic of China (mainland) and unofficially used in Cambodia, Hong Kong, Macau, Mongolia, North Korea, Nepal, Myanmar, Zimbabwe.
There have been five series of Renminbi banknotes issued by the People's Republic of China between 1948 and 1999. This banknote belongs to the fifth series, progressively introduced from 1999.
The 100 Yuan banknote has two versions. The first debuted in 1990 and it is gray-blue. The second, first released in 1999 is in red and it is depicted in this post.
The front of this banknote shows a portrait of Mao Zedong while on the back we can find The Great Hall of the People.
Fiat money is soon going to be extinct in china as more and more ppl just use wechat.
thanks for reading my post! Yes, I could see it with my eyes in Shenzen and Canton. Wechat is very practical. Do you use it for everyday payments?
amazing
yani şöyle düşüne biliriz insanlar parayı sanatsal olarak gürdükleri için mi degerli oluyor ? bence para insanların sanatsallıgı dısında tamamen dayatma yoluyla deger verilip sanatsallaştırılıyor
of course, my opinion about who is important and who is not important doesn't rely on whether or not that person is on a banknote. My point of view about banknotes is that they are nice items for a collection. Each of them tells a story. Sooner or later they will be a thing from the past (some already are). Thanks a lot for commenting on my post!
que increible el dinero de vuestros paises
thanks for reading my post! Yes, I think the banknotes of foreign countries are very fascinating. Where are you from, if I may ask?
Congratulations @marlon6! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word
STOPDo not miss the last post from @steemitboard:
Super