The renminbi (Chinese: 人民币; pinyin: Rénmínbì; lit. 'People's Currency' Chinese pronunciation: [ʐə˧˥nmi˧˥npi˥˩]; symbol: ¥; ISO code: CNY; abbreviation: RMB), also known as the Chinese yuan, is the official currency of the People's Republic of China.

Jun 25, 2024 · The Chinese yuan (CNY) and renminbi (RMB) are closely linked terms for China's currency. Renminbi is the official name of China's currency. The renminbi's principal unit is the Chinese yuan.

Jan 13, 2025 · Renminbi, monetary unit of China. One renminbi (yuan) is divided into 100 fen or 10 jiao, and banknotes are issued in denominations from 1 fen to 100 renminbi. In 2016 the renminbi became a reserve currency of the International Monetary Fund (IMF).

Jan 31, 2025 · The Chinese yuan renminbi is the currency used in the People’s Republic of China. Yuan is the actual unit of currency for China’s financial system and economy, representing a single unit of money.

Nov 12, 2020 · Chinese money has two names that are often used interchangeably: the renminbi and the yuan. Officially, China’s currency is the renminbi, which literally means “the people’s currency” in ...

Apr 16, 2024 · The official currency of China is the Chinese renminbi with the currency symbol ¥ (or RMB ¥) and ISO 4217 code CNY. That said, the renminbi is often referred to in the abbreviated form of RMB or as the basic unit of currency, the yuan.

Mar 1, 2019 · Literally translated as "the people's currency" the renminbi (RMB) has been the currency of China for over 50 years. It is also known as the Chinese yuan (CNY) and by the symbol '¥'.

Apr 10, 2024 · The renminbi (RMB), also known as the Chinese yuan, is the official currency of the People’s Republic of China. It plays a crucial role in the country’s economic system and has significant global trade and finance implications.

Dec 9, 2024 · Chinese legal currency is Renminbi, shortened as CNY. Also known as Chinese Yuan, it can be used in HK & Macau. Airports & banks offer Chinese money exchange service.

4 days ago · The Renminbi Yuán was introduced as the official national currency in China in 1949. Since November 2015, the renminbi yuán has been one of the world's reserve currencies, along with the euro, U.S. dollar, yen and British pound.