The currency issuance of the People's Bank of China is mainly realized through the cash receipt and payment business activities of ordinary banks. Commercial banks must open deposit accounts with the People's Bank of China. The People's Bank of China handles cash deposit and withdrawal business with commercial banks during business hours.
Commercial banks deposit and withdraw cash from the People's Bank of China, taking the account-opening commercial bank as the unit; The cash in the grass-roots offices (offices) under the account-opening commercial banks shall be transferred by the account-opening commercial banks and uniformly accessed by the People's Bank of China.
When the grass-roots branches of commercial banks are short of cash, commercial banks have to fill in cash checks and withdraw cash from the balance of their deposit accounts in the local people's bank, so that RMB is transferred from the issuing bank to the business bank of the grass-roots branches of commercial banks, that is to say, this part of RMB has entered the circulation field.
When the cash on hand of the grass-roots bank of a commercial bank exceeds the stock limit of its business warehouse, the commercial bank shall fill in a cash payment form and send it to the People's Bank of China. When this part of RMB enters the issuing bank, it means withdrawing from the circulation field.
Extended data:
Renminbi issuer
Article 2 1 of the Law of the People's Bank of China stipulates: "The People's Bank of China shall set up RMB issuing banks and branches in its branches. The allocation of RMB issuance funds by sub-libraries shall be handled in accordance with the allocation instructions of the higher-level libraries. No unit or individual may use the issuance fund in violation of regulations. "
The specific issuance of RMB shall be handled by the issuing fund depository established by the People's Bank of China. The issuing bank is an important part of the People's Bank of China, which is decided by the People's Bank of China according to economic development and business needs.
The issuing bank shall handle the custody and transportation of the issuance funds, gold, silver and other securities according to law, and be responsible for the exchange and destruction of damaged or incomplete RMB.
The issuing bank shall strictly manage the custody of the issuance funds and confirm the allocation procedures of the issuance funds by means of reserved seals.
The transfer bank of bond issuing funds must carry the bond issuing fund transfer voucher, the special letter of introduction for bond issuing fund transfer, and the work certificate that I fill in according to the transfer order before handling it. When issuing, the bill of lading for releasing funds will be filled in when transferring to issue.
If the issuing warehouse has warehousing business, it must be delivered on the same day to ensure that the accounts are consistent. The distribution warehouse should be managed by two people, with the same access system.
References:
Baidu encyclopedia-RMB issuance