- The people's currencyLearn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.renminbi, (Chinese: “people’s money”) also called yuan, monetary unit of China. One renminbi (yuan) is divided into 100 fen or 10 jiao. The People’s Bank of China has exclusive authority to issue currency.www.britannica.com/money/renminbirenminbi plural noun ren·min·bi ˈren-ˈmin-ˈbē variants or Renminbi : the official currency of the People's Republic of China consisting of yuanwww.merriam-webster.com/dictionary/renminbithe currency used in China: The word "renminbi" means "the people's currency ". Its use is similar to that of "sterling" when referring to the UK currency. Yuan is the name of the main unit of the renminbi currency.dictionary.cambridge.org/us/dictionary/english/ren…renminbi [ ren-min-bee]show ipa noun,pluralren·min·bi. the currency of the People's Republic of China, the basic unit of which is the yuan.www.dictionary.com/browse/renminbi
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See all on WikipediaRenminbi - Wikipedia
The renminbi (Chinese: 人民币; pinyin: Rénmínbì; lit. 'People's Currency'; symbol: ¥; ISO code: CNY; abbreviation: RMB) is the official currency of the People's Republic of China. It is the world's 5th most traded currency as of April 2022. The yuan (Chinese: 元 or simplified Chinese: 圆; traditional Chinese: 圓; … See more
Until 2005, the value of the renminbi was pegged to the US dollar. As China pursued its transition from central planning to a See more
The various currencies called yuan or dollar issued in mainland China as well as Taiwan, Hong Kong, Macau and Singapore were all derived from the Spanish American … See more
• Ansgar Belke, Christian Dreger und Georg Erber: Reduction of Global Trade Imbalances: Does China Have to Revalue Its Currency? In: … See more
As of 2019, renminbi banknotes are available in denominations from ¥0.1, ¥0.5 (1 and 5 jiao), ¥1, ¥5, ¥10, ¥20, ¥50 and ¥100. These … See more
Wikipedia text under CC-BY-SA license Yuan vs. Renminbi: What's the Difference? - Investopedia
Renminbi is the official name of China's currency, while yuan is the principal unit of account. Learn about the history, usage, and exchange rate of the renminb…
Renminbi | History, Definition, & Facts | Britannica Money
WEBMar 28, 2024 · Renminbi, also known as yuan, is the official name of the currency of China since 1969. It is divided into 100 fen or 10 jiao and is issued by the People's Bank …
Chinese Yuan Renminbi (CNY): Overview, History
WEBJun 21, 2022 · Learn the difference between yuan and renminbi, the official currency of mainland China, and how it is managed and traded. Find out the history, symbol, denominations, and special considerations …
What’s the difference between the renminbi and the …
WEBAug 19, 2015 · Renminbi is the official currency of China, meaning "people's money", while yuan is the unit of renminbi. A new book by Brookings Institution Press and the Asian Development Bank explores …
What’s the difference between China’s yuan and renminbi?
WEBNov 12, 2020 · Officially, China’s currency is the renminbi, which literally means “the people’s currency” in Mandarin. The yuan is technically the unit of account of the …
Renminbi Definition & Meaning - Merriam-Webster
WEBApr 23, 2024 · Renminbi is the official currency of the People's Republic of China consisting of yuan. Learn the etymology, history, and examples of renminbi from the …
What Is China's Currency? - The Balance
WEBApr 29, 2022 · Learn about the yuan, the official currency of China, and how it is linked to the US dollar. Discover how China's monetary policy can influence global trade and …
RENMINBI | English meaning - Cambridge Dictionary
WEBRenminbi is the currency of the People's Republic of China, meaning "the people's currency". Learn how to use it in different contexts, such as business, news, and …
A Brief History of the Chinese Yuan Currency
WEBLisa Chiu. Updated on March 01, 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 …
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