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  1. › wiki › RenminbiRenminbi - Wikipedia

    Renminbi is the name of the currency while yuan is the name of the primary unit of the renminbi. This is analogous to the difference between "sterling" and " pound " when discussing the official currency of the United Kingdom , the pound sterling . [14]

  2. Digital renminbi, or Digital Currency Electronic Payment, is a central bank digital currency issued by China's central bank, the People's Bank of China. It is the first digital currency to be issued by a major economy, undergoing public testing as of April 2021. The digital RMB is legal tender and has equivalent value with other forms of CNY, such as bills and coins. The digital yuan is designed to move instantaneously in both domestic and international transactions. It aims to be cheaper and fa

  3. The main unit of renminbi is the yuán (元 / 圆). One yuan is divided into 10 jiǎo (角). One jiǎo is subdivided into 10 fēn (份). Renminbi banknotes are available in denominations from 1 jiao to 100 yuan (¥0.1–100). Coins have denominations from 1 fen to 1 yuan (¥0.01–1).

    • 1.7%, October 2012
    • Partially, to a basket of trade-weighted international currencies
    • History
    • Major Milestones
    • Implications For The Financial Industry
    • List of RMB Offshore Clearing Bank
    • Renminbi Hubs Outside China
    • List of Foreign Banks That Trade Renminbi
    • Criticism
    • Use in Zimbabwe
    • See Also

    Until the early years of the 21st century, the Renminbi was not fully convertible and its flow in and out of China faced heavy restrictions. Under instructions from the Chinese government, the People's Bank of China (PBoC) began the move to full convertibility beginning around 2008. This has taken the form of permitting the use of RMB outside China for all current account transactions such as commercial trade, payment of services, interest payment, dividend payment, etc. and the use of RMB for certain approved capital account transactions such as foreign direct investment (FDI) and outward direct investment (ODI). Central banks and offshore Participating banks can invest excess RMB in the mainland interbank bond market through the China Interbank Bond Market (CIBM quota), invest into mainland China (through the RQFII quota), invest into offshore from mainland (through the QDIIquota), including the onshore individual investment to offshore through the Qualified Domestic Individual In...

    2002, Domestic Securities Investment by Qualified Foreign Institutional Investor (QFII regulation) was announced in Novemberallowed foreign investors to access mainland stock markets (A-shares)
    2003. PBoC designates BoC-HK as RMB clearing and settlement bank.
    2004, RMB deposits in Hong Kong is allowed. By the end of 2013 RMB deposits totalled ¥860 billion, an increase from ¥315 billion in 2010, which account for around 12% of total deposits in the Hong...
    2006 (Apr), the Chinese government announced the Qualified Domestic Institutional Investor(QDII) scheme, allowing Chinese institutions and residents to entrust Chinese commercial banks to invest in...
    Trade settlement- The internationalization of the RMB allows foreign companies trading with mainland Chinese companies to settle the trade in RMB, thus, reducing FX cost, open up the opportunity to...
    Financing and borrowing- creation of dim sum and offshore RMB bond markets offer RMB borrows the chance to access a competitive and diversify funding sources. It is also opened up opportunities for...
    Capital management- free trade zone companies may borrow and lend funds directly with overseas (RMB cash pooling). This allows multinational companies to centrally manage their funds and make payme...

    The accumulated RMB clearing amount has reached 40 trn yuan, grew 1300% from 2013 to 2014. Proposed Clearing Hubs

    [need elaboration on the benefits of RMB Clearing Banks outside of mainland and China International Payments System(CIPS)]

    The German news magazine Der Spiegel criticized China for "forcing other countries to maintain reserves of Chinese money" in a bid to attain "economic hegemony". Gordon G. Chang, author of The Coming Collapse of China, argued that China's "excessively selfish" currency policy does not sit well with other nations, and such efforts to loosen control of the renminbi is part of China's ploy to deflect international pressure.

    The RMB was at one point one of the currencies legal tender in Zimbabwe's multiple currency system (2015-2019).

    • 人民币国际化
    • 人民幣國際化
  4. › wiki › RenminbiRenminbi - Wikipedia

    The primary unit o renminbi is the yuán (元/圆). Ane yuan is subdividit intae 10 jiǎo (角), which in turn is subdividit intae 10 fēn (分). Renminbi banknotes are available in denominations frae 1 jiao tae 100 yuan (¥0.1–100) an coins hae denominations frae 1 fen tae 1 yuan (¥0.01–1). Sicweys, some denominations exist in coins an banknotes.

    • yuán (元,圆)
    • fēn (分)
    • jiǎo (角)
    • CNY
    • Galeri
    • Referensi
    • Pranala Luar
    1 fen
    1 jiao
    10 yuan
    100 yuan

    Ansgar Belke, Christian Dreger und Georg Erber: Reduction of Global Trade Imbalances: Does China Have to Revalue Its Currency? In: Weekly Report. 6/2010, Nr. 30, 2010, ISSN 1860-3343, S. 222–229 (P...

    (Inggris) Stephen Mulvey, 26 Juni 2010, Why China's currency has two names - BBC News
    (Inggris) 'Yuan revaluation the only cure for China's problem', an interview with Michael Pettis, by Venkatesan Vembu, Daily News & Analysis, 3 Juli 2008.
    (Inggris) (Tionghoa) SinoBanknote
    (Tionghoa) Renminbi - People's Bank of China
    • 角 (jiao) (Tionghoa)
    • CNY (num. 156)
    • 分 (fen) (Tionghoa)
    • ¥
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