Jersey Pound in Chinese Yuan Renminbi

JEP Jersey Pound

Country of application:
Jersey

Coin denominations in circulation:
1, 2, 5, 10, 50 pence, 2 pounds.

Denominations of banknotes in circulation:
1, 5, 10, 20, 50 lbs.

History reference:
The Jersey Pound is the currency of Jersey. The official languages of Jersey are English and French, since 2010 the denomination is indicated on banknotes in English (in pounds) and French (in livres...). The Jersey pound is pegged to the pound sterling at a ratio of 1:1. British coins are freely accepted on the island. Notes of the Bank of England, Scottish and Northern Irish banks, as well as Guernsey, while not being legal tender, can be accepted on the island. In the UK, the Jersey currency is not officially solvent, but Jersey money can be accepted for payment along with your own. All banknotes of the new series featured a portrait of Elizabeth II, and the image of a cow was used as a watermark. In 2012, in honor of the anniversary of the British Queen, a commemorative series of 100 pounds banknotes was issued. It was a limited edition, reflecting the historical events of the reign of Elizabeth. The front side of the banknote is decorated with a realistic full-face portrait of the Queen.

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.