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Renminbi
| 人民币 (Chinese) RMB | |
|---|---|
 Renminbi banknotes | |
| ISO 4217 | |
| Code | CNY (numeric: 156) |
| Subunit | 0.01 |
| Unit | |
| Unit | yuán (元 / 圆) |
| Plural | The language(s) of this currency do(es) not have a morphological plural distinction. |
| Symbol | ¥ |
| Nickname | kuài (块) |
| Denominations | |
| Subunit | |
| 1⁄10 | jiǎo (角) |
| 1⁄100 | fēn (分) |
| Nickname | |
| jiǎo (角) | máo (毛) |
| Banknotes | |
| Freq. used | ¥1, ¥5, ¥10, ¥20, ¥50, ¥100 |
| Rarely used | ¥0.1, ¥0.5 |
| Coins | |
| Freq. used | ¥0.1, ¥0.5, ¥1 |
| Rarely used | ¥0.01, ¥0.02, ¥0.05 |
| Demographics | |
| Date of introduction | 1948 |
| Replaced | Nationalist-issued yuan |
| User(s) |  China |
| Issuance | |
| Central bank | People's Bank of China |
| Website | www |
| Printer | China Banknote Printing and Minting Corporation |
| Website | www |
| Mint | China Banknote Printing and Minting Corporation |
| Website | www |
| Valuation | |
| Inflation | 2.5% (2017) |
| Source | [1] [2] |
| Method | CPI |
| Pegged with | Partially, to a basket of trade-weighted international currencies |
| Renminbi | |||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
.svg) "Renminbi" in Simplified (top) and Traditional (bottom) Chinese characters | |||||||||||||||||||||||||||||
| Simplified Chinese | 人民币 | ||||||||||||||||||||||||||||
| Traditional Chinese | 人民幣 | ||||||||||||||||||||||||||||
| Literal meaning | "People's Currency" | ||||||||||||||||||||||||||||
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| Yuan | |||||||||||||||||||||||||||||
| Simplified Chinese | 圆 (or 元) | ||||||||||||||||||||||||||||
| Traditional Chinese | 圓 (or 元) | ||||||||||||||||||||||||||||
| Literal meaning | "circle" (ie. a coin) | ||||||||||||||||||||||||||||
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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.[a] The renminbi is issued by the People's Bank of China, the monetary authority of China.[3] It is the world's fifth-most-traded currency as of April 2022.[4]
The yuan (元) is the basic unit of the renminbi. One yuan is divided into 10 jiao (角), and the jiao is further subdivided into 10 fen (分). The word yuan is widely used to refer to the Chinese currency generally, especially in international contexts.[b]
- ^ "CNY – Chinese Yuan Renminbi rates, news, and tools | Xe". Archived from the original on 16 July 2016. Retrieved 23 July 2016.
- ^ "Myanmar's free-wheeling Wa state". 17 November 2016. Archived from the original on 1 November 2022. Retrieved 31 October 2022.
- ^ Article 2, "The People's Bank of China Law of the People's Republic of China". 27 December 2003. Archived from the original on 20 March 2007.
- ^ "Triennial Central Bank Survey Foreign exchange turnover in April 2022" (PDF). Bank for International Settlements. 27 October 2022. p. 5. Archived (PDF) from the original on 27 October 2022. Retrieved 31 October 2022.
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