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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 .
USD/CNY exchange rate 1981–2022. ... 1 US dollar to renminbi, since 1981. For most of its early history, the renminbi was pegged to the U.S. dollar at ¥2.46 per ...
5.1 US dollar as exchange rate anchor. 5.2 Euro as exchange rate anchor. ... De facto exchange-rate arrangements in 2022 as classified by the International Monetary Fund.
This is a list of tables showing the historical timeline of the exchange rate for the Indian rupee (INR) against the special drawing rights unit (SDR), United States dollar (USD), pound sterling (GBP), Deutsche mark (DM), euro (EUR) and Japanese yen (JPY). The rupee was worth one shilling and sixpence in sterling in 1947.
Currency ISO 4217 code Symbol or Abbrev. [2]Proportion of daily volume Change (2019–2022) April 2019 April 2022 U.S. dollar: USD $, US$ 88.3%: 88.5%: 0.2pp Euro
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For most of its early history, the renminbi was pegged to the U.S. dollar at ¥2.46 per USD. During the 1970s it was revalued, until it reached ¥1.50 per USD in 1980. Its value gradually declined as China embarked on a new economic course during Deng Xiaoping's leadership and transformed into a more market-based capitalistic economy. [6] [7]
(12 October 2022) Digital renminbi ( Chinese : 数字人民币 ; also abbreviated as digital RMB and e-CNY ), [ 1 ] or Digital Currency Electronic Payment ( DCEP , Chinese: 数字货币电子支付 ; pinyin: Shùzì huòbì diànzǐ zhīfù ), is a central bank digital currency issued by China's central bank, the People's Bank of China . [ 2 ]
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