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'People's Currency' Chinese pronunciation: [ʐə˧˥nmi˧˥npi˥˩]; 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]
'American yuan') in Chinese, and the euro is called Ouyuan (simplified Chinese: 欧元; traditional Chinese: 歐元; pinyin: Ōuyuán; lit. 'European yuan'). When used in English in the context of the modern foreign exchange market, the Chinese yuan (CNY) refers to the renminbi (RMB), which is the official currency used in mainland China.
In the IOU, Zhang wrote: "Zhang borrowed money RMB 14,000 yuan from Gao, and today 还欠款 (還欠款) 4000 yuan. (meaning paid back debt 4,000 yuan (when character "还" is pronounced "huán"), or still owe a debt of 4,000 yuan (when character "还" is pronounced "hái"))." The polyphonic character "还" here later led to a lawsuit.
Renminbi, the currency of the People's Republic of China; New Taiwan dollar, the currency of the Republic of China (Taiwan) Hong Kong dollar, the currency of Hong Kong SAR; Yuan (currency), the base unit of a number of former and present-day currencies in China. Jiao (currency), 1 ⁄ 10 Yuan; Fen (currency), 1 ⁄ 100 Yuan (1 ⁄ 10 Jiao)
The yen and yuan sign (¥) is a currency sign used for the Japanese yen and the Chinese yuan currencies when writing in Latin scripts. This character resembles a capital letter Y with a single or double horizontal stroke. The symbol is usually placed before the value it represents, for example: ¥50, or JP¥50 and CN¥50 when disambiguation is ...
This page was last edited on 8 December 2007, at 22:15 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
An article about renminbi and yuan here supports Stepho in that it is technically wrong to say 10 renminbi, but correct to say 10 yuan. However, it also says that in financial circles "renminbi" (RMB) is often preferred over "yuan" (CNY), so common usage may trump what's technically correct.
The renminbi (RMB, also known as Chinese yuan; ISO code: CNY) is the official currency of the People's Republic of China. [1] Although it is not a freely convertible currency, and has an official exchange rate, the CNY plays an important role in the world economy and international trade.