The second series of Renminbi banknotes was introduced on March 1, 1955.
Together with the introduction of the second series, the decimal point was moved 4 places to the left.
Each note has the words "People's Bank of China" as well as the denomination in the Uyghur, Tibetan and Mongolian (but not Zhuang, as the Zhuang alphabet was not invented yet) languages on the back, which has since appeared in each series of Renminbi notes.
The denominations available were: The ¥3, ¥5 and ¥10 notes of 1953 series were printed in the Soviet Union.
As a result of the Sino-Soviet split, the Soviets started printing these banknotes as counterfeits as a part of Economic warfare against China and thus such counterfeit notes were found in Xinjiang after several border conflicts.