Emirati dirham in Chinese Yuan Renminbi

AED Emirati dirham

Country of application:
United Arab Emirates

Coin denominations in circulation:
5 fils, 10 fils, 25 fils, 50 fils, 1 dirham.

Denominations of banknotes in circulation:
5, 10, 50, 100, 500 dirhams.

History reference:
The UAE Dirham is the national currency of the United Arab Emirates. Before the introduction of the dirham in 1973, the Indian rupee, the Persian Gulf rupee, the Bahraini dinar and the riyals of Qata...r and Saudi Arabia were used as the official currency in the country in different years. DH or Dhs are other common informal names. One dirham could be exchanged for smaller coins - fils. On the front side of the fils, the value is indicated in Arabic, and on the back - the face value in numbers. Interestingly, in 1976, the UAE government produced coins with portraits of famous leaders. Today, these coins are the subject of a collection. The UAE Dirham is the national currency of the United Arab Emirates. Before the introduction of the dirham in 1973, the Indian rupee, the Persian Gulf rupee, the Bahraini dinar and the riyals of Qatar and Saudi Arabia were used as the official currency in the country in different years. DH or Dhs are other common informal names. One dirham could be exchanged for smaller coins - fils. On the front side of the fils, the value is indicated in Arabic, and on the back - the face value in numbers. Interestingly, in 1976, the UAE government produced coins with portraits of famous leaders. Today, these coins are the subject of a collection.

CNY Chinese Yuan Renminbi

Country of application:
PRC

Coin denominations in circulation:
1 yuan, 5, 2 and 1 jiao.

Denominations of banknotes in circulation:
100, 50, 20, 10, 5, 2 (rare) and 1 yuan, as well as 5, 2 and 1 jiao.

History reference:
The Chinese Yuan is the official currency of the Peoples Republic of China. Until the beginning of the 20th century, in China, for large-scale settlements, they used silver ingots - lyans. Small purc...hases were made using bronze round coins with a square hole in the center - qian, which Europeans call "keshi". Silver yuan began to be made in 1835. The use of silver coins and silver liang was banned in China in 1935. Instead, a boom in paper money began to grow - fabi. A certain easing in monetary policy occurred only in 2005, when the Chinese authorities carried out a revaluation of the yuan, raising its value by 2%. By 2008, the yuan appreciated by more than 20% to 6.82 yuan per US dollar. Nevertheless, even today, the PRC continues to enjoy certain foreign trade advantages, which are based on the undervalued exchange rate of the national currency.