Search results
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.
- CNY (numeric: .mw-parser-output .monospaced{font-family:monospace,monospace}156)
- People's Bank of China
- The language(s) of this currency do(es) not have a morphological plural distinction.
- ¥
- Yuan vs. Renminbi: An Overview
- Yuan
- Renminbi
- Key Differences
- Special Considerations
- The Bottom Line
Chinese currency is a hot topic these days for many reasons. Not only does it define the state of one of the world's biggest economic superpowers, but it is also central to one of the most debated issues involving China today—its perceived mercantilist policy of artificial undervaluation of its currency against the U.S. dollar to give its exports a...
In Mandarin Chinese, the character yuan is used for round or circular things.This word was also used for the silver Spanish dollars introduced by European merchants in the seventeenth and eighteenth centuries. In 1889, China began to mint its own silver yuan coins. Both the Qing Dynasty and early Republican government circulated silver yuan coins a...
During the Chinese Civil War, the communist party established the People’s Bank of Chinaand issued the first renminbi notes in December 1948, about a year before it defeated the Kuomintang government. The new currency allowed the new administration to unify the Chinese economy, which was then divided among several regional currencies. It also disti...
With Beijing looking at the internationalization of its currency, one question continues to perplex many: Does China have two currencies? Does it use the yuan (¥), the renminbi (RMB), or both? Renminbi is the official currency of the People's Republic of China, and means "people's currency" in Mandarin. A yuan is a unit of the currency. A popular a...
For years, the Chinese Yuan had never been close to being considered an international currency because of the Chinese government's rigid controls. However, this then began to change as the Chinese government started to promote the international use of the RMB. China uses currency controlsto maintain the value of the Chinese Yuan at a favorable leve...
The growth of the Chinese currency is often a roller coaster. China has increased its attempts to back its currency, including promoting free usage of the renminbi. Whether you know it as a yuan or renminbi, what matters is that the currency from China remains a central part of the world economy.
- Christina Majaski
- 1 min
Jun 21, 2022 · The Chinese yuan renminbi is the official currency of mainland China. As noted above, the term yuan refers to a single unit of the currency while the term renminbi refers to the actual name...
- Will Kenton
RMB banknotes start at one Yuan and go up to 100 Yuan. It is also used as a synonym of that currency, especially in international contexts – the ISO 4217 standard code for renminbi is CNY, an abbreviation of "Chinese yuan".
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 ¥. Below, you'll find Chinese Yuan Renminbi rates and a currency converter.
1 Chinese Yuan Renminbi to US Dollar stats. Currency Information. CNY - Chinese Yuan Renminbi. Our currency rankings show that the most popular Chinese Yuan Renminbi exchange rate is the CNY to USD rate. The currency code for Chinese Yuan Renminbi is CNY. The currency symbol is ¥. More Chinese Yuan Renminbi info. USD - US Dollar.
2 days ago · 1 CNY = 0.138133 USD. We use the mid-market rate for our Converter. This is for informational purposes only. You won’t receive this rate when sending money. Login to view send rates. US Dollar to Chinese Yuan Renminbi conversion — Last updated Apr 17, 2024, 04:47 UTC. Convert US Dollar to Chinese Yuan Renminbi.
