Second series of the renminbi

The second series of Renminbi banknotes was introduced on March 1, 1955. Together with the introduction of the second series, the decimal point was moved 4 places to the left. As a result, one first series ¥10,000 note is equivalent to one second series ¥1 note.

Coins
ObverseReverseValueTechnical parametersDescriptionDate of
DiameterCompositionEdgeObverseReversefirst mintingissue
¥0.01 18 mm Aluminium-magnesium alloy Intermittent wire teeth Wheat, value, year of minting Emblem of the People's Republic of China 1957 December 1, 1957
¥0.02 21 mm
¥0.05 24 mm
For table standards, see the coin specification table.

Though rarely used, coins of the 2nd series are still valid in the PRC, and the PBC also put new coins to the market.

Banknotes

Each note has the words "People's Bank of China" as well as the denomination in the Uyghur, Tibetan and Mongolian (but not Zhuang, as the Zhuang alphabet was not invented yet) languages on the back, which has since appeared in each series of Renminbi notes.

The denominations available were:

2nd Series Banknotes
Image Value Dimensions Main color Description Date of
Obverse Reverse Obverse Reverse issue withdrawal completely recalled
¥0.01 90 × 42.5 mm Yellow ZIS-150 / FAW Jiefang CA10 (built in China under license of ZiS) 4-Tonne Truck National Emblem of the People's Republic of China March 1, 1955 July 1, 2003 April 1, 2007
¥0.02 95 × 45 mm Blue Lisunov Li-2 (built in the Soviet Union under license of the Douglas DC-3)
¥0.05 100 × 47.5 mm Green Steam ship Hailiao, came over to the Communists from Hong Kong under the blockade of the Nationalists.
¥0.1 115 × 52.5 mm Yellow-brown Tractor December 15, 1967 January 1, 1999
¥0.2 120 × 55 mm Green Locomotive November 15, 1971
¥0.5 125 × 57.5 mm Purple Dam
¥1 150 × 67.5 mm Red Tiananmen October 20, 1969
¥2 155 × 70 mm Blue Mount Baota in Yan'an, Shaanxi December 1976
¥3 160 × 72.5 mm Green Longyuankou Bridge in Yongxin, Jiangxi April 15, 1964 May 15, 1964
¥5 165 × 75 mm Brown Unite of races
¥10 210 × 85 mm Blue and black Labor and farmer December 1, 1957
For table standards, see the banknote specification table.
2nd Series Banknotes, Yuan (1956 series)
Image Value Dimensions Main color Description Date of
Obverse Reverse Obverse Reverse issue withdrawal completely recalled
¥1 150 × 67.5 mm Black Tiananmen National Emblem of China March 25, 1961 August 15, 1973 January 1, 1999
¥5 165 × 75 mm Yellow-brown Unite of races April 20, 1962 December 1, 1983
For table standards, see the banknote specification table.

The ¥3, ¥5 and ¥10 notes of 1953 series were printed in the Soviet Union. As a result of the Sino-Soviet split, the Soviets started printing these banknotes as counterfeits as a part of Economic warfare against China and thus such counterfeit notes were found in Xinjiang after several border conflicts. The use of the 1953 series banknotes was halted on April 15, 1964 to be withdrawn and these banknotes were recalled completely on May 15, 1964. The 1953 series is the only series of Renminbi to include a ￥3 banknote.

Except for the ¥3, ¥5, ¥10, ¥0.01, ¥0.02, and ¥0.05 banknotes of the 1953 series, all banknotes were recalled completely on January 1, 1999. The use of the three ¥0.01, ¥0.02, and ¥0.05 banknotes was halted on July 1, 2003 to be withdrawn and these banknotes were recalled completely on April 1, 2007.

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References
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