Fifth series of the renminbi

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The fifth series of the renminbi is the current coin and banknote series of the Chinese currency, the renminbi. They were progressively introduced since 1999 and consist of ¥0.1, ¥0.5, and ¥1 coins, and ¥1, ¥5, ¥10, ¥20, ¥50, ¥100 notes. The ¥20 banknote is a new denomination, and was added in this series. All banknotes in this series feature a portrait of Chinese Communist Party chairman Mao Zedong by artist Liu Wenxi.^[1] Therefore, this series of banknotes is also known as "Grandpa Mao" among the people.^[2]