On this day 77 years ago, December 1, 1948 (November 1, 1948 in the lunar calendar), Chairman Mao's head was printed with the beginning and end of RMB. On December 1, 1948, the People's Bank of China merged on the basis of North China Bank, Beihai Bank, and Northwest Farmers Bank. The bank plans to gradually reorganize the banks in the Jiefang District into district banks and branches. The head office will be set up in Shijiazhuang first and then moved to Beijing. Its establishment marks the basic formation of a unified financial system across the country. The People's Bank of China has jurisdiction over the Northeast, Northern Region, Northwest, Central and Southern Regions and their affiliated provincial and municipal administrative branches and county branches, becoming the leading center of finance across the country. China issued People's Bank of China Notes (referred to as RMB) as the functional currency of North China, East China and Northwest China, and planned to gradually recover the various currencies originally issued by each Jiefang District at different price ratios, so that the RMB will basically become the unified currency in circulation in the Jiefang District across the country. The RMB from the beginning of issuance to the end of circulation on May 10, 1955 was the first set of RMB. Extended reading: Chairman Mao did not allow his avatar to appear on the RMB during his lifetime Extended reading: Chairman Mao did not allow his avatar to appear on the RMB during his lifetime On March 15, 1947, the North China Financial and Economic Conference was held in Yetao Town, Wu 'an County, Henan Province (transferred to Hebei Province in 1949). When Dong Biwu drafted the "Organization Regulations for the North China Financial and Economic Office", he listed "the preparation of central finance and banking" as the regulations. After the central government approved it, it began to consider the establishment of a central bank and began to consider the design and printing of the new currency. In the winter of 1947, a sign reading "Preparatory Office of the People's Bank of China" was hung in front of a small farmhouse in Pingshan County, Hebei Province. The currency issued by the People's Bank of China is called RMB. The six words "People's Bank of China" on the first set of RMB were inscribed by Dong Biwu. In accordance with international practice, the designer arranged Chairman Mao's portrait on the ticket and submitted it to Dong Biwu for approval in November. After Mao Zedong learned that the first set of RMB bills had his portrait on it, he called Dong Biwu and disagreed with his portrait on the banknotes. The reason is that banknotes are issued by the government, he is the chairman of the party, not the chairman of the government, and he will have to wait until he becomes the chairman of the government in the future. After research, Dong Biwu finally determined that reflecting the industrial and agricultural production and construction picture of the Jiefang District should be the design principle for the first set of RMB face patterns. In addition, except for the necessary Arabic numerals, the front and back of the bill should all be in Chinese rather than English. The design style of the RMB will be set accordingly. On December 1, 1948, the listing ceremony of the People's Bank of China was held at No. 11 Zhonghua North Street, Shijiazhuang. On the same day, my country's first set of RMB was officially issued in Shijiazhuang City and Pingshan County, where the Central Committee of the Communist Party of China is located. Nan Hanchen was the first governor of the People's Bank of China. The first set of RMB was fully withdrawn in March 1955 because this set of coins was issued in a war environment and both design and printing were rough. This was the second time Mao Zedong refused to print his portrait on currency. The first time was in the Central Soviet Area, when the National Bank of the Soviet Republic of China prepared to use his portrait for currency, when Mao Zedong was the chairman of the Provisional Central Government of the Soviet Republic of China. When reviewing the ticket samples, Mao Zedong said: "My portrait cannot be used. I have no qualifications. "Chairman Mao didn't have it, who would have this qualification? When everyone was in trouble, Mao Zedong said: Consider adopting Lenin's portrait. As a result, a statue of Soviet Lenin appeared on China's red currency. After the founding of New China, Nan Hanchen, governor of the People's Bank of China, asked Mao Zedong and said: "Chairman Mao, you are now the Chairman of the Central People's Government. You can print the Chairman's portrait on the RMB!" Mao Zedong smiled and said: "I am the chairman of the Central People's Government, but I cannot be the chairman of the government. At the Second Plenary Session of the Seventh Central Committee of the Communist Party of China in Xibaipo, a resolution was made not to make place names after people's names, to prohibit singing praises of achievements, and to prevent the emergence of arrogance and self-esteem as meritorious officials. Therefore, I can't print my image now." There were two reasons why Mao Zedong opposed the printing of leaders 'portraits on the RMB: first, the thing he disliked touching the most in his life was banknotes; second, he opposed the promotion of individualism and personality worship at that time. This is the real reason why Chairman Mao refused to print his image on the RMB. This is also the reason why Mao Zedong's portrait did not appear on the RMB during his lifetime. Mao Zedong refused to print his portrait for the third time. When the second set of RMB was designed in April 1950, the first draft of the design had a portrait of Mao Zedong. After being submitted for trial, he was again denied by Mao Zedong himself. The original design of the two-corner ticket was a small Mao Zedong portrait embedded in the locomotive of the Mao Zedong, and was finally replaced with a five-pointed star. The statue of Mao Zedong on the Tiananmen Gate and the statue of the Chairman in the parade where people of all ethnic groups held high the statue of Mao Zedong were all cancelled. The three yuan in the second set of RMB will be designed and printed in the Soviet Union. Later, China and the Soviet Union fell against each other. The Chinese side asked for a copy, but the Soviet side refused to give it, and the Chinese side cancelled the three-yuan currency. Among the RMB that has been issued, this currency has the lowest number. The third set of RMB did not have a portrait of Chairman Mao when it was designed in 1959. Among them, the ten-yuan united the people of all ethnic groups, with high design intention, good artistry and high quality. It is a classic among several sets of RMB. When the fourth set of RMB was designed, Mao Zedong had already passed away, and the central government agreed to portrait the four leaders Mao, Zhou, Liu and Zhu for hundreds of RMB. For the fifth set of 2005 RMB, Chairman Mao's personal portrait was only on the 100-yuan note for the first time. This was thirty years after his old man passed away.