After the founding of New China, the mainland's economic construction has been greatly developed, with the gradual improvement and improvement of people's living needs, the mainland issued five sets of renminbi, and now there is a fourth set of renminbi circulating in the market, and the remaining sets of renminbi have withdrawn from the market. In the past, people could still see paper money worth two yuan coins and paper money with "cents" as the value of the currency, but now, they have basically withdrawn from the circulation market.
Now in the renminbi issued by the mainland, the largest denomination is only 100 yuan, the smallest denomination is 1 dime, many people are very curious, why is the renminbi not like other foreign currencies more than 100 yuan of banknotes? For example, Japanese banknotes have 10,000 yen, while China's yuan is only 100 yuan. Why is it that the renminbi only has 100 yuan bills, but does not issue a 1,000 yuan denomination? There are 4 reasons.
In fact, as early as the mainland began to issue the first set of renminbi, more than 100 yuan of paper money was issued, and the largest denomination reached 50,000 yuan at that time, however, due to the limited economic conditions at that time, in the process of commodity circulation, such a large denomination of paper money was completely used, so it was later cancelled. Since the mainland issued the fourth set of renminbi, the denomination of the renminbi has remained at a maximum of 100 yuan. As for why the 1,000 yuan denomination of RMB is not issued, there are mainly the following reasons.
The first is the rise of mobile payments. With the development of the Internet, after the advent of smartphones, many people like to pay online, so they basically do not need cash to pay. Whether shopping on the e-commerce platform or shopping offline, many people like to transfer money directly through mobile phones or scan the code. Compared with cash payments, after the rise of mobile payment, the denomination of payment can be accurate to cents, if it is a large denomination, it can also pay thousands or even tens of thousands, so from this point of view, there is no need to issue more than 100 yuan of large banknotes.
The second is that the span of the renminbi is too large, and it is difficult to find when buying things. If a 1,000 yuan bill is issued, and people only need to buy something for a few dollars, it will be very troublesome to find change. Unless the merchant has a variety of denominations of RMB, otherwise buy a few dollars of things to pay 1,000 yuan, the merchant will also feel that it is difficult to earn money. Therefore, in life, many people like to use 100 yuan paper money, the denomination of paper money is too large but inconvenient to circulate. After all, there are many commodities that are priced between tens and hundreds of dollars, so in this case, many people are reluctant to pay with large amounts of paper money.
In addition, there are many counterfeit currencies on the market now, and some individual industrial and commercial households often receive counterfeit currency with a denomination of 100 yuan, which will lead to losses. If a 1,000 yuan note is issued, it is also easy to counterfeit, and most of the people who use paper money now are elderly people, and there are children, if this counterfeit money circulates in the hands of this group of people, it will bring very large losses to itself. Although the anti-counterfeiting technology of banknotes in the mainland is constantly improving, there are still some people who often receive counterfeit money, and they receive several hundred yuan counterfeit money.
If the denomination of a banknote is 1,000 yuan, and your monthly salary is about 6,000 yuan, if you accidentally lose a note, it means that 1/6 of your salary is gone, so the loss is very large. If it is a 100-dollar denomination banknote, it may only exceed 100 yuan, so as to minimize economic losses. In addition, the mainland does not issue 1,000 yuan denominations, which is also related to inflation.
Earlier we mentioned that the yen has a denomination of 10,000 yuan and a denomination of 1,000 yuan, and the denomination of the Korean won banknote is also very large. If you have anyone who knows the price level of these two regions, it is obvious that the price of local commodities is very high, even if you eat a bowl of noodles, you need thousands. This situation occurs because the denomination of the banknote is too large, which has caused local inflation. For the mainland, not issuing more than thousands of yuan of paper money is still to avoid prices rising with the rise of paper money.
The reason why many people will invest money in many commodities is to avoid the depreciation of money, after all, with the continuous development of time, no one knows whether their hearts will depreciate, so in the past, many people will put money into the real estate market. If the denomination of paper money is raised, it is bound to cause depreciation, and the cost of living will increase, which may deepen social contradictions.
In view of why the mainland does not issue thousands of yuan, in fact, it is also out of consideration for the society to make a decision, the larger the denomination of the renminbi, does not mean that the better for people, if there is a sudden emergence of large amounts of paper money, it will lead to more and more social contradictions. In summary, the mainland has been unwilling to withdraw thousands of pieces of paper money, which is considered.