"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.