Renminbi - Wikipedia
The renminbi (Chinese: 人民币; pinyin: Rénmínbì; lit. 'People's Currency'; symbol: ¥; ISO code: CNY; abbreviation: RMB), also known as the Chinese yuan, is the official currency of the People's Republic of China. [a] The renminbi is issued by the People's Bank of China, the monetary authority of China. [3]
Renminbi | History, Definition, & Facts | Britannica Money
2024年9月7日 · Renminbi, monetary unit of China. One renminbi (yuan) is divided into 100 fen or 10 jiao, and banknotes are issued in denominations from 1 fen to 100 renminbi. In 2016 the renminbi became a reserve currency of the International Monetary Fund (IMF). Learn more about the …
Yuan (currency) - Wikipedia
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.
Internationalization of the renminbi - Wikipedia
Since the late-2000s, the People's Republic of China (PRC) has sought to internationalize its official currency, the Renminbi (RMB).
A Brief History of the Chinese Yuan Currency - ThoughtCo
2019年3月1日 · Literally translated as "the people's currency" the renminbi (RMB) has been the currency of China for over 50 years. It is also known as the Chinese yuan (CNY) and by the symbol '¥'. For many years, the renminbi was pegged to the U.S. dollar.
Chinese Yuan Renminbi (CNY): Overview, History - Investopedia
2022年6月21日 · The Chinese yuan renminbi is the currency used in the People's Republic of China. Yuan is the actual unit of currency while renminbi is the name of the currency itself.
Yuan vs. Renminbi: What's the Difference? - Investopedia
2024年6月25日 · The Chinese yuan (CNY) and renminbi (RMB) are closely linked terms for China's currency. Renminbi is the official name of China's currency. The renminbi's principal unit is the Chinese yuan.
Renminbi - Simple English Wikipedia, the free encyclopedia
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".
Why China's currency has two names - BBC News
2010年6月26日 · "Renminbi" is the official name of the currency introduced by the Communist People's Republic of China at the time of its foundation in 1949. It means "the people's currency".
Renminbi vs. Yuan: Understanding the Differences - Brookings
2015年8月19日 · The renminbi is the official currency of the People’s Republic of China, and translates to “people’s money.” Its international symbol is CNY (or CNH in Hong Kong; but abbreviated RMB, with...