Ghanaian Cedi in Chinese Yuan Renminbi

GHS Ghanaian Cedi

Country of application:
Ghana

Coin denominations in circulation:
1, 5, 10, 20, 50 pesews, 1, 2 Gangetic cedis.

Denominations of banknotes in circulation:
1, 2, 5, 10, 20, 50, 100, 200 Ghanaian cedi.

History reference:
The Cedi is the currency of Ghana, introduced on July 19, 1965, issued by the Bank of Ghana. The name "cedi" comes from the Ashanti language and means "dear" in translation. In 1844 - 1913 Ghana, as ...well as a number of states on the coast of the Gulf of Guinea in West Africa, were a British colony, which was called the "Gold Coast". On the Gold Coast, the pound sterling was used as the currency. In 1913, a new currency, the West African pound, was introduced. In 1957, Ghana gained independence and in 1958 the government carried out a monetary reform, as a result of which the Ghana pound was put into circulation at a 1: 1 exchange rate with the West African pound.

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.