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Jun 25, 2024 · Learn the meaning and history of China's two currency names: yuan (CNY) and renminbi (RMB). Find out how they are used, traded, and controlled by the Chinese government.
- Christina Majaski
- 1 min
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. [a] It is the world's fifth most traded currency as of April 2022. [3]
CNY - Chinese Yuan Renminbi. The Chinese Yuan Renminbi is the currency of China. Our currency rankings show that the most popular Chinese Yuan Renminbi exchange rate is the CNY to USD rate. The currency code for Yuan Renminbi is CNY, and the currency symbol is ¥.
Jun 21, 2022 · Learn about the official currency of mainland China, its name, symbol, denominations, and history. Find out how the CNY is managed, traded, and devalued in the global market.
- Will Kenton
Dec 13, 2023 · Learn the meaning and usage of RMB (renminbi) and CNY (yuan), the two names for Chinese currency. Find out how to talk about money in Chinese and what to expect when you visit China.
This became the sole currency of mainland China at the end of the civil war. A new yuan was introduced in 1955 at a rate of 10,000 old yuan = 1 new yuan, known as the renminbi yuan. It is the currency of the People's Republic of China to this day. The term yuan is also used in Taiwan.
Jan 29, 2024 · Learn about the name, symbol, denomination and exchange rate of China's currency, also known as renminbi or yuan. Find out how to identify counterfeit money, where to exchange money in China and how to use it in Hong Kong and Macau.
