Renminbi - History

History

Around 210BC, the first emperor of China Qin Shi Huang (Chinese: 秦始皇; pinyin: Qín Shǐ Huáng, 260 BC – 210 BC) abolished all other forms of local currency and introduced a uniform copper coin based on the coins previously used by Qin. These copper coins were round-shaped with a square hole in the centre to allow the coins to be strung together to create higher denominations of currency. Similar copper coins were used as the chief denomination in China until the introduction of the yuan in the late 19th century.

Read more about this topic:  Renminbi

Famous quotes containing the word history:

    All history becomes subjective; in other words there is properly no history, only biography.
    Ralph Waldo Emerson (1803–1882)

    I am ashamed to see what a shallow village tale our so-called History is. How many times must we say Rome, and Paris, and Constantinople! What does Rome know of rat and lizard? What are Olympiads and Consulates to these neighboring systems of being? Nay, what food or experience or succor have they for the Esquimaux seal-hunter, or the Kanaka in his canoe, for the fisherman, the stevedore, the porter?
    Ralph Waldo Emerson (1803–1882)

    Don’t give your opinions about Art and the Purpose of Life. They are of little interest and, anyway, you can’t express them. Don’t analyse yourself. Give the relevant facts and let your readers make their own judgments. Stick to your story. It is not the most important subject in history but it is one about which you are uniquely qualified to speak.
    Evelyn Waugh (1903–1966)