Renminbi
Currency of China / From Wikipedia, the free encyclopedia
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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.[lower-alpha 1] It is the world's 5th most traded currency as of April 2022.[3]
Parts of this article (those related to images of new issuance of coins and banknotes (see zh:第五套人民币#第三版)) need to be updated. (September 2021) |
人民币 (Chinese) RMB | |
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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; 76 years ago (1948) |
Replaced | Nationalist-issued yuan |
User(s) | China (Mainland China) Wa State |
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 | |||||||||||||||||||||||||||||
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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 yuan (Chinese: 元 or simplified Chinese: 圆; traditional Chinese: 圓; pinyin: yuán) is the basic unit of the renminbi, but the word is also used to refer to the Chinese currency generally, especially in international contexts. One yuan is divided into 10 jiao (Chinese: 角; pinyin: jiǎo), and the jiao is further subdivided into 10 fen (Chinese: 分; pinyin: fēn). The renminbi is issued by the People's Bank of China, the monetary authority of China.[4]