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'People's Currency'; symbol: ¥; ISO code: CNY; abbreviation: RMB) is the official currency of the People's Republic of China. [a] It is the world's 5th most traded currency as of April 2022. [3]
- CNY (numeric: .mw-parser-output .monospaced{font-family:monospace,monospace}156)
- People's Bank of China
- The language(s) of this currency do(es) not have a morphological plural distinction.
- ¥
Since the late-2000s, the People's Republic of China (PRC) has sought to internationalize its official currency, the Renminbi (RMB). RMB internationalization accelerated in 2009 when China established the dim sum bond market and expanded Cross-Border Trade
- 人民币国际化
- 人民幣國際化
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Today, the term "Yuan" usually refers to the primary unit of account of the renminbi (RMB), the currency of the People's Republic of China. RMB banknotes start at one Yuan and go up to 100 Yuan. It is also used as a synonym of that currency, especially in international contexts – the ISO 4217 standard code for renminbi is CNY, an ...
Digital renminbi (Chinese: 数字人民币; also abbreviated as digital RMB and e-CNY), 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.
- CNY (numeric: .mw-parser-output .monospaced{font-family:monospace,monospace}156)
- 0.01
- The language(s) of this currency do(es) not have a morphological plural distinction.
- yuán (元 / 圆)
The renminbi (RMB, also known as Chinese yuan; ISO code: CNY) is the official currency of the People's Republic of China. 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 .
YearUsdJpyHkd2018661.745.989084.4282017675.186.024486.6432016664.236.124385.5782015622.845.154380.34Renminbi currency value. Renminbi (yuan) for each dollar (USD) since 1981. Higher values mean a weaker renminbi. Renminbi currency value is a debate affecting the Chinese currency unit, the renminbi ( Chinese: 人民币 Code:CNY ).
The Cross-Border Interbank Payment System ( CIPS) is a Chinese payment system that offers clearing and settlement services for its participants in cross-border renminbi (RMB) payments and trade. Backed by the People's Bank of China (PBOC), China launched the CIPS in 2015 to internationalize RMB use.