This educational banknote bundle features three original Foreign Exchange Certificates (FECs) issued in 1979 by the People's Bank of China for use within the People's Republic of China. These notes represent a unique dual-currency system that operated during China’s early economic reform period. 💵 Included Banknotes: 10 Fen 1979 P-FX1 VF 50 Fen 1979 P-FX2 UNC 100 Yuan 1979 P-FX3 F Historical Context Foreign Exchange Certificates were introduced in 1979 during the early years of China’s “Reform and Opening-Up” era under Deng Xiaoping. The FEC system required foreign visitors to exchange foreign currency for special notes that were accepted at designated hotels, Friendship Stores, and tourist facilities. Chinese citizens used Renminbi (RMB), while foreigners were restricted to FECs, creating a controlled, parallel monetary system. This system remained in place until it was abolished in 1994, when China unified its currency framework. Educational & Numismatic Significance These certificates provide insight into: China’s transitional socialist-market economy Currency controls and foreign exchange policy The evolution of China’s global trade integration Dual-currency systems in developing economies The inclusion of the 100 Yuan high denomination highlights the purchasing power structure available to international visitors during the late 1970s and 1980s. Design Features The 1979 FEC series is known for its detailed engraving, multilingual inscriptions, and symbolic national imagery reflecting Chinese culture and landscapes. The notes closely resemble Renminbi designs of the era but are clearly marked as Foreign Exchange Certificates. This China 1979 Foreign Exchange Certificate bundle offers a tangible link to a pivotal moment in modern economic history, when China cautiously opened its doors to the global economy while maintaining strict currency control. Returns & Guarantee Disclaimer All sales, returns, and guarantees for this item are governed strictly by our Terms of Service. Please review the full policy here before purchasing. By purchasing, you acknowledge and agree to these terms. Serial Number Disclaimer Actual serial numbers on banknotes vary from piece to piece. The serial shown in product photos may not match the banknote you receive, but all items are guaranteed authentic and graded as described. Contact us Feel free to reach out to us if You're searching for a specific banknote to add to Your collection or if You have any questions about our products, services, or a previous order - we are here to assist You!
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