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  2. List of renminbi exchange rates - Wikipedia

    en.wikipedia.org/wiki/List_of_renminbi_exchange...

    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 .

  3. Renminbi currency value - Wikipedia

    en.wikipedia.org/wiki/Renminbi_currency_value

    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 ...

  4. History of Chinese currency - Wikipedia

    en.wikipedia.org/wiki/History_of_Chinese_currency

    Old Chinese Currency used in 1920–23. This currency was also used in Hunza state.. The use of shell money is attested to in the Chinese writing system.The traditional characters for 'goods' (貨), 'buy/sell' (買/賣), and 'monger' (販), in addition to various other words relating to 'exchange', all contain the radical 貝, which is the pictograph for shell (simplified to 贝).

  5. Yuan (currency) - Wikipedia

    en.wikipedia.org/wiki/Yuan_(currency)

    This became the sole currency of mainland China at the end of the civil war. 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.

  6. List of countries by foreign-exchange reserves - Wikipedia

    en.wikipedia.org/wiki/List_of_countries_by...

    The major factors influencing China's reserves includes its constant trade surplus, which contributes to reserve accumulation. High levels of foreign investment increase reserves as investors convert their currencies into yuan. The PBOC intervenes in the currency market to stabilize the yuan, affecting reserve levels.

  7. Chinese Yuan at Record High vs. Greenback - AOL

    www.aol.com/news/2012-09-28-chinese-yuan-at...

    The Chinese yuan rose to its highest level against the dollar since the modern currency began trading in 1994. At its high point today, one U.S. dollar could buy 6.2838 yuan. A year ago a dollar ...

  8. Renminbi - Wikipedia

    en.wikipedia.org/wiki/Renminbi

    During the 1970s, it was revalued until it reached ¥1.50 per dollar in 1980. When China's economy gradually opened in the 1980s, the renminbi was devalued in order to improve the competitiveness of Chinese exports. Thus, the official exchange rate increased from ¥1.50 in 1980 to ¥8.62 by 1994 (the lowest rate on record).

  9. Chinese hyperinflation - Wikipedia

    en.wikipedia.org/wiki/Chinese_hyperinflation

    In early May 1940, Chongqing gave up on efforts to maintain the value of CNC, following significant Japanese purchases of foreign exchange with CNC. By late 1940, the value of FRB notes had surpassed that of CNC notes. In 1941, FRB notes became the primary currency in occupied northern China. [22] 100,000-yuan CRB banknote in 1945