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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.
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 dollar. 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.
It was replaced in 1948 by the gold yuan at a rate of 150,000 north-eastern yuan to 1 gold yuan. In 1945, notes were introduced in denominations of 1, 5, 10, 50 and 100 yuan. 500 yuan notes were added in 1946, followed by 1,000 and 2,000 yuan in 1947 and 5000 and 10,000 yuan in 1948. Various, mostly crude, coins were produced by the Soviets.
International dollar – hypothetical currency pegged 1:1 to the United States dollar; ... Indian rupee (रुपया) ... Chinese yuan (元, 圆 or 圓) ...
Currency distribution of global foreign exchange market turnover [1. Currency ISO 4217 code ... 2.1%: 1.7%: 0.4pp Indian rupee: INR ...
The Mexican peso fell over 1% against the dollar on Tuesday following Trump's post. ... Chinese EV giants BYD and MG, a brand owned by SAIC, have both announced plans to build factories in Mexico ...
List of all Asian currencies Present currency ISO 4217 code Country or dependency (administrating country) Currency sign Fractional unit Russian Ruble [1]: RUB Abkhazia ...
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.