The paper currency units in Chinese history are very complex, including Wen, Guan, Chuan, Diao, Mei, etc. "Wen" is called "one Wen" for every money making. In Ming and Qing Dynasties, it was commonly used for money making. For example, there were five hundred, one thousand and one hundred thousand Wen in the banknotes of Qing Dynasty. "Guan" began in the Tang Dynasty. It was used as a unit in Yuan and Ming Dynasty notes, with a consistent value of 1000 Wen, such as one Guan in Ming Dynasty. "String" is the same, that is to say, a string is also equivalent to 1000 Wen. In the late Qing Dynasty and the Republic of China, some official bank issued banknotes with "string" as the unit. People's currency issued by some banks in the Central Soviet Area of the revolutionary base, such as the banknotes issued by the industrial and Agricultural Bank of Southeast Hubei, also uses "string" as the unit. "Diao" is also equivalent to making 1000 yuan of money. In the old days, paper money in Northeast China, such as Jilin Yongheng official silver money number and Heilongjiang Guangxin company's official post, were all based on "Diao". "Mei" is the unit of copper yuan, single copper yuan is equivalent to 10 Wen, double copper yuan is equivalent to 20 Wen. At the beginning of the Republic of China, copper yuan tickets issued by pingshiguanqian Bureau of the Ministry of Finance and some provincial and local banks were all issued in "Mei" as the unit. So why does the new China RMB use "Yuan" as its unit? Now there are two popular sayings: one is that it evolved from the name of monetary unit in China. China's currency has a history of more than 4000 years. The unit of currency has experienced physical unit, weight unit and so on, and finally developed to "Yuan" as the unit. The appearance of "Yuan" in currency began in the early Tang Dynasty. Before Tang Dynasty, copper coins were named by weight, such as "half Liang" and "five baht". In order to rectify the currency system, Emperor Gaozu of Tang Dynasty abolished wuzhu and changed it to Kaiyuan Tongbao. "Kai Yuan" means to usher in a new era. It is changed to a decimal system of two, money, minutes and centistokes. At that time, although the word "Yuan" did not represent the monetary unit, the weight of the currency was separated from the name of the currency. In the twenty-six years of Guangxu period of Qing Dynasty (1900), while casting silver yuan, Guangdong began to manufacture mechanism copper yuan. Due to the novel style of copper yuan, its exquisite and tidy degree is incomparable with any other coins before. There are two kinds of copper coins in Qing Dynasty, one is "Guangxu Yuanbao", the other is "Great Qing copper coins". The issue of copper coins in Qing dynasty laid a foundation for today's currency name "Yuan". At the end of Qing Dynasty, with the development of international trade, the Western silver dollar was introduced into China, and its texture and shape were uniform, making it widely circulated. Due to the development of domestic economy and the expansion of exchange, people urgently need lighter currency to replace silver and copper yuan. At this time, silver and copper yuan are not suitable for the needs of economic development. Therefore, the bank printed a kind of silver and copper yuan exchange certificate. The nominal value of the exchange certificate is the same as the actual silver and copper yuan, and gradually the exchange certificate evolved into paper money. This is how the name "Yuan" of China's RMB evolved.
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