Renminbi - Wikipedia
WebThe 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.
Yuan vs. Renminbi: What's the Difference? - Investopedia
WebMay 15, 2024 · Global Trade Guide. Yuan vs. Renminbi: An Overview. Chinese money goes by two names: the Chinese yuan (CNY) and renminbi (RMB), which translates to "People's Currency." The distinction...
Renminbi | History, Definition, & Facts | Britannica Money
WebMar 28, 2024 · 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). Learn more about the currency.
Chinese Yuan Renminbi (CNY): Overview, History - Investopedia
WebJun 21, 2022 · The term Chinese yuan renminbi (CNY) refers to the currency used in the People's Republic of China. Although it may seem a little confusing because the names …
What’s the difference between the renminbi and the yuan? The …
WebAug 19, 2015 · There is essentially no difference. The renminbi is the official currency of the People’s Republic of China, and translates to “people’s money.” Its international symbol...
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, although it is...
Renminbi Definition & Meaning - Merriam-Webster
WebApr 23, 2024 · The meaning of RENMINBI is the official currency of the People's Republic of China consisting of yuan.
What Is China's Currency? - The Balance
WebApr 29, 2022 · What Is the Yuan or Renminbi? China’s currency is called the "yuan" or "renminbi." The terms have slightly different usages. Renminbi means “people’s currency” and describes Chinese currency in general. The yuan is a unit of measure. One good way to think of the difference is "cash" versus ”dollars.”
RENMINBI | English meaning - Cambridge Dictionary
Webnoun [ S or U ] uk / renˈmɪnbi / us. Add to word list. MONEY. the currency used in China: The word "renminbi" means "the people's currency ".
A Brief History of the Chinese Yuan Currency - ThoughtCo
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 '¥'. For many years, the renminbi was pegged to …
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