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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 .
The Chinese yuan was subdivided into 1,000 cash (Chinese: 文; pinyin: wén), 100 cents or fen (Chinese: 分; pinyin: fēn), and 10 jiao (Chinese: 角; pinyin: jiǎo, cf. dime). It replaced copper cash and various silver ingots called sycees. [3] The sycees were denominated in tael. The yuan was valued at 0.72 tael, (or 7 mace and 2 candareens ...
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.
This means $1 could buy fewer Chinese yuan. The USD/CNH is about 1.6% lower so far this year. The currency pair was now around the 7.01 level at 12 p.m. in China Standard Time.
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 ...
USD/CNY exchange rate 1981–2022. The renminbi ("people's currency") is the currency of China, denominated as the yuan, subdivided into 10 jiao or 100 fen. The renminbi is issued by the People's Bank of China, the monetary authority of China. The ISO 4217 abbreviation is CNY, although also commonly abbreviated as "RMB". As of 2005, the yuan ...
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
No description. Template parameters [Edit template data] Parameter Description Type Status Amount 1 no description Number required Link? link Creates a link to the page for yuan Default No Boolean suggested See also Wikipedia:Manual of Style (dates and numbers)#Currencies Wikipedia:WikiProject China Template:AUD Template:CAD Template:HKD Template:JPY Template:USD Template:Currency The above ...