China's New ¥50 Note is Trippy as Hell

By Bridget O'Donnell, November 27, 2018

0 0

The People's Bank of China (PBOC) is issuing a new RMB50 note, and it is truly trippy.

50 RMB Bill

Whoa. Image via PBOC

The limited edition commemorative bill is being released in honor of the 70th anniversary of the renminbi. The front side of the bill features a hallucinatory illustration that's apparently intended to represent the rings of a tree. Each ring is filled with patterns used in the first through fifth editions of the renminbi. Art!

Tree Rings
We don't see it. Image via PBOC

Meanwhile, the back is adorned with a decidedly less exciting rendering of the PBOC headquarters in Beijing.

50 RMB bill

Yawn. Image via PBOC

The psychedelic notes have been designed with other fancy features, including Great Wall watermarks and gold ink. The PBOC will distribute a limited number of the banknotes, which must be reserved with banks ahead of time.

Watermarks
Watermarks! Gold ink! Image via PBOC

Chinese social media users are amused by the time warp-esque currency, with the hashtag "I haven't used cash in a long time" currently trending on Weibo.

Here's how the RMB50 note has evolved throughout the years:

Bills
Bills, bills, bills. Image via Shenzhen TV/Weibo

Meanwhile, the PBOC has also released a series of commemorative gold and silver coins in honor of the anniversary.

Commemorative coins
Get 'em while they're hot! (Or, you know, just stick with Alipay). Image via PBOC

READ MORE: The Strange Story of China's Abandoned 'Foreigner Currency'

[Top illustration by That's]

more news

With WeChat Money Frozen, Exasperated Expats Light Up Groups

WeChat frustrates foreigners nationwide with abrupt Wallet freezes.

China's Yuan Appreciates to Three-Year High Against the Dollar

​China's currency is at its strongest level against the US dollar since May 2018.

This Chinese City Saves the Most Money

Chinese households are known to be big-time savers compared to the global average.

China's Yuan Appreciates to Two-Year High Against the US Dollar

It's been quite a rollercoaster for the yuan this year, which was 7.17 against the US dollar on May 27.

Shanghai Socialite Wannabes WeChat Group Exposed

Sharing second-hand Gucci pantyhose, why not?

China's Central Bank to Launch Digital Yuan in This Region

China’s digital yuan will be rolled out for testing in South China’s Greater Bay Area.

Shenzhen-Themed Board Game Raises Money to Fight COVID-19

A group of Italian architects in Shenzhen have designed a Monopoly-inspired board game to help raise money for charity.

0 User Comments

In Case You Missed It…

We're on WeChat!

Scan our QR Code at right or follow us at thatsonline for events, guides, giveaways and much more!

7 Days in China With thatsmags.com

Weekly updates to your email inbox every Wednesday

Subscribe

Download previous issues

Never miss an issue of That's Magazines!

Visit the archives