These coins continue to be issued for limited usage today. Each yuan is divided into 100 fen, or 10 jiao, with early coinage from the PRC consisting principally of aluminium 1, 2, and 5 fen pieces. It was, however, rapidly “revaluated” soon after the establishment of the new republic, with zeroes being “cut off” from the currency. The currency of China is the Yuan, which began as a form of continuation of the nationalists’ currency. Succeeding the nationalist government, the communist government has ruled mainland China since. As a country, China dates back to 2070 BC, however its current form as the People’s Republic of China was only established in 1949 after the Chinese Civil War. The People’s Republic of China (“China”) is located in Asia and is the largest country by population and by size, excluding Russia and Canada.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |