Renminbi is issued by the People's Bank of China, and its circulation time is very long. The president is the general manager, but the appointed bank president is not always the same person. Therefore, it is impossible to print the seal of the president's real name on the RMB, so the "president's seal" is symbolically printed on the RMB.

Because the positions of bank personnel always change, it is difficult to guarantee that the service life of each set of RMB itself will not change before it is updated, so RMB only keeps its seal and deletes its signature.

Extended data:

In China, the seal on RMB is the seal of president. The seal of the governor is the seal of the governor and deputy governor of the People's Bank of China. Signing or stamping is not only conducive to currency anti-counterfeiting, but also shows the legal responsibility of the issuer for the issued banknotes. The number of signatures or seals varies from one to two. A few countries or regions use the combination of seal forms (institutional seal or name seal).

The fifth set of RMB issued in June 1 999+1 October1has seals ranging from1yuan to 100 yuan. The original two seals were changed to only one "president's seal" and the "deputy president's seal" was removed. In today's world, all banknotes need seals or signatures to be valid. Although it is printed, this program is indispensable.

References:

People's Daily Online-A new version of RMB 1 yuan banknotes was issued today.