Second series of the renminbi

The second series of Renminbi banknotes was introduced on March 1, 1955. Together with the introduction of the second series, the decimal point was moved 4 places to the left. As a result, one first series ¥10,000 note is equivalent to one second series ¥1 note.

Coins

Value	Technical parameters		Description			Date of
	Diameter	Composition	Edge	Obverse	Reverse	first minting	issue
¥0.01	18 mm	Aluminium alloy plated magnesium	Intermittent wire teeth	Wheat, value, year of minting	Emblem of the People's Republic of China	1957	December 1, 1957
¥0.02	21 mm
¥0.05	24 mm
For table standards, see the coin specification table.

Though rarely used, coins of the 2nd series are still vaild in the PRC, and the PBC also put new coins to the market.

Banknotes

Each note has the words "People's Bank of China" as well as the denomination in the Uyghur, Tibetan and Mongolian (but not Zhuang, as the Zhuang alphabet was not invented yet) languages on the back, which has since appeared in each series of Renminbi notes.

The denominations available were:

2nd Series Banknotes, Fen (1953 series)
Image		Value	Dimensions	Main color	Description		Date of
Obverse	Reverse				Obverse	Reverse	issue	withdrawal	completely recalled
		¥0.01	90 × 42.5 mm	Yellow	Lorry	National Emblem of the People's Republic of China	March 1, 1955	July 1, 2003	April 1, 2007
		¥0.02	95 × 45 mm	Blue	Lisunov Li-2 (built in the Soviet Union under license of the Douglas DC-3)
		¥0.05	100 × 47.5 mm	Green	Ship
For table standards, see the banknote specification table.

2nd Series Banknotes, Jiao (1953 series)
Image		Value	Dimensions	Main color	Description		Date of
Obverse	Reverse				Obverse	Reverse	issue	withdrawal	completely recalled
		¥0.1	115 × 52.5 mm	Yellow-brown	Tractor	National Emblem of China	March 1, 1955	December 15, 1967	January 1, 1999
		¥0.2	120 × 55 mm	Green	Locomotive			November 15, 1971
		¥0.5	125 × 57.5 mm	Purple	Dam			Unknown
For table standards, see the banknote specification table.

2nd Series Banknotes, Yuan (1953 series)
Image		Value	Dimensions	Main color	Description		Date of
Obverse	Reverse				Obverse	Reverse	issue	withdrawal	completely recalled
		¥1	150 × 67.5 mm	Red	Tiananmen	National Emblem of China	March 1, 1955	October 20, 1969	January 1, 1999
		¥2	155 × 70 mm	Blue	Mount Baota			December 1976
		¥3	160 × 72.5 mm	Green	Jinggangshan Mountains			April 15, 1964	May 15, 1964
		¥5	165 × 75 mm	Brown	Unite of races
		¥10	210 × 85 mm	black	Labor and farmer		December 1, 1957
For table standards, see the banknote specification table.

2nd Series Banknotes, Yuan (1956 series)
Image		Value	Dimensions	Main color	Description		Date of
Obverse	Reverse				Obverse	Reverse	issue	withdrawal	completely recalled
		¥1	150 × 67.5 mm	Black	Tiananmen	National Emblem of China	March 25, 1961	August 15, 1973	January 1, 1999
		¥5	165 × 75 mm	Yellow-brown	Unite of races		April 20, 1962	December 1, 1983
For table standards, see the banknote specification table.

The ¥3, ¥5 and ¥10 notes of 1953 series were printed in the Soviet Union. As a result of the Sino-Soviet split, the use of them was halted on April 15, 1964 to be withdrawn and these banknotes were recalled completely on the May 15, 1964.

Except for the ¥3, ¥5, ¥10, ¥0.01, ¥0.02, and ¥0.05 banknotes of 1953 series, all banknotes were recalled completely on the January 1, 1999. The use of the three ¥0.01, ¥0.02, and ¥0.05 banknotes was halted on July 1, 2003 to be withdrawn and these banknotes were recalled completely on the April 1, 2007.

References