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The first series of RMB was begun to issue from
December 1, 1948. It had 12 different face value and 62 editions,
among them, 1 yuan had two editions, 5 yuan had four, 10 yuan had
four, 20 yuan had seven, 50 yuan had seven, 100 yuan had ten, 200
yuan had five, 500 yuan had six, 1000 yuan had six, 5000 yuan had
five, 10000 yuan had four, and 50000 yuan had two. The first series
of RMB was the only legal currency in China at that time and was
circulating in China except Taiwan and Tibet. This issuance strongly
supported the liberation war, meanwhile, it also made great contribution
to the stabilization of the society, recovery of the production,
and exchange of commodity between urban and rural areas.
The first series of RMB
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