We've all heard the story about the dollar bill: how the treasury would love to change to coins but the population are just too attached to the old greenback. Coins can last for 30 years, while most notes circulate for about 18 months before needing to be reissued, leading to millions a year in reprinting costs. In the UK the smallest note is £5, worth about ten times as much, and the euro goes further with EU 10 as its smallest note denomination.
Yet again, the Chinese weren't to be beaten. Into my possession yesterday came a 1 Jiao note. There are 10 Jiao in one RMB, and 15 RMB is about £1, so three of these notes are worth about 2p.
To be fair, I don't think they circulate very rapidly anymore... (this one is from 1980!)
And the designers of movie boxes over here perhaps still have something to learn about choosing their reviewers...
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