Obverse

Chrysanthemum blossom, bank name 'ZHONGHUA RENMIN YINHANG'

Lettering: ZHONGGUO RENMIN YINHANG

Translation: People's Bank of China (PINYIN)

Reverse

Bank name '中国人民银行', denomination '1 元' 'YI YUAN', and year of issue.

Lettering: 
中国人民银行
1 元
YI YUAN

Translation: 
People's Bank of China (CHINESE)
1 YUAN (CHINESE)
ONE YUAN (PINYIN)

Edge

Plain with incuse RMB initials repeated three times (which means "Renminbi")

Lettering:RMB RMB RMB