History
Around 210BC, the first emperor of China Qin Shi Huang (Chinese: 秦始皇; pinyin: Qín Shǐ Huáng, 260 BC – 210 BC) abolished all other forms of local currency and introduced a uniform copper coin based on the coins previously used by Qin. These copper coins were round-shaped with a square hole in the centre to allow the coins to be strung together to create higher denominations of currency. Similar copper coins were used as the chief denomination in China until the introduction of the yuan in the late 19th century.
Read more about this topic: Renminbi
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