Chinese Yuan Renminbi in Ni-Vanuatu Vatu

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.

VUV Ni-Vanuatu Vatu

Country of application:
Vanuatu

Coin denominations in circulation:
1, 2, 5, 10, 20, 50, 100 vat.

Denominations of banknotes in circulation:
200, 500, 1000, 2000, 5000, 10,000, 200 watt.

History reference:
Vatu means "stone" in Bislama. During the colonization of the islands by Great Britain and France, Australian, French and English money circulated on the territory of the New Hebrides. In 1941, the N...ew Hebridean franc was introduced into circulation. On July 30, 1980, the islands gained independence from Great Britain and France and the name of the state was renamed Vanuatu (meaning "this land forever"), and the New Hebridean franc was renamed Vatu. On December 16, 1980, the government began a monetary reform, one of the tasks of the reform was to develop the design of a new currency. On March 22, 1982, a new currency came into circulation. Until April 1, 1983, the new currency and the predecessor currencies (Australian dollar and New Hebridean franc) were used in everyday life.