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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 .
'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.
However, in written Chinese contexts, the Chinese character for yuan (Chinese: 元; lit. 'constituent', 'part') or, in formal contexts Chinese: 圆; lit. 'round', usually follows the number in lieu of a currency symbol. Renminbi is the name of the currency while yuan is the name of the primary unit of the renminbi.
The term Chinese currency may refer to: 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
Meanwhile, the Chinese yuan — which many think is the biggest threat to the dollar — accounted for just 2.37% of reserves in the same period, with a high proportion of that being held by ...
yuan Chinese Renminbi yuan (元 / 圆) Used with one and two crossbars, depending on font 元 is also used in reference to the Macanese pataca and the Hong Kong and Taiwanese dollars U+00A5 ¥ YEN SIGN & U+FFE5 ￥ FULLWIDTH YEN SIGN: yen Japanese yen (円 / 圓); 円 (en, lit. "circle") is usually used in Japan zł: zloty Polish złoty
Renminbi currency value is a debate affecting the Chinese currency unit, the renminbi (Chinese: 人民币 Code:CNY). The renminbi is classified as a fixed exchange rate currency "with reference to a basket of currencies ", [ 1 ] which has drawn attention from nations which have freely floated currencies and has become a source of trade friction ...
List of all Asian currencies Present currency ISO 4217 code Country or dependency (administrating country) Currency sign Fractional unit Russian Ruble [1]: RUB Abkhazia ...