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The renminbi (Chinese: 人民币; pinyin: Rénmínbì; lit. 'People's Currency'; symbol: ¥; ISO code: CNY; abbreviation: RMB) is the official currency of the People's Republic of China. It is the world's 5th most traded currency as of April 2022.
- Yuan (currency)
RMB banknotes start at one Yuan and go up to 100 Yuan. It is...
- Internationalization of the renminbi
Since the late-2000s, the People's Republic of China (PRC)...
- Yuan (currency)
May 15, 2024 · Learn the meaning and history of China's two official currencies, yuan and renminbi, and how they are used in different contexts. Find out how the yuan is traded on international markets and why it is sometimes called CNH.
- Christina Majaski
- 1 min
Jun 21, 2022 · Learn about the currency used in mainland China, its name, symbol, denominations, and history. Find out how the CNY is managed, traded, and devalued in relation to other currencies.
- Will Kenton
The renminbi is the currency of the People's Republic of China. It is the main currency used in mainland China. It is also sometimes accepted in Hong Kong and Macau, and can be easily exchanged in those territories. The currency is issued by the People's Bank of China, the monetary authority of China. [2] . Its name means "people's currency".
The renminbi ( Chinese: 人民币; pinyin: Rénmínbì; lit. 'People's Currency'; symbol: ¥; ISO code: CNY; abbreviation: RMB) is the official currency of the People's Republic of China. It is the world's 5th most traded currency as of April 2022.
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