¥50 CNY Bills. The renminbi (abbreviated RMB; ‘people’s currency’; code : CNY) is the official currency of the People’s Republic of China and one of the world’s reserve currencies, ranking as the eighth most traded currencies in the world as of April 2019.
The yuan (Chinese: 元; pinyin: yuán) is the basic unit of the renminbi, but the word is also used to refer to the Chinese currency generally, especially in international contexts. One yuan divides into ten jiao (Chinese: 角; pinyin: jiǎo), and a jiao in turn divides into ten fen (Chinese: 分; pinyin: fēn). The renminbi is issued by the People’s Bank of China, the monetary authority of China.
About the ¥50 CNY Bills:
The People’s Bank of China (PBOC) is issuing a new ¥50 CNY Bills , and it is truly trippy.
The limited edition commemorative bill was released in honor of the 70th anniversary of the renminbi. The front side of the bill features a hallucinatory illustration that’s apparently intended to represent the rings of a tree. Each ring is filled with patterns used in the first through fifth editions of the renminbi. Art!
Meanwhile, the back is adorned with a decidedly less exciting rendering of the PBOC headquarters in Beijing.
The psychedelic notes have been designed with other fancy features, including Great Wall watermarks and gold ink.
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