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The renminbi (Chinese : 人民币; pinyin : Rénmínbì; lit. 'People's Currency'; 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 ] .
The yuan (/ juːˈɑːn, - æn / yoo-A (H)N; sign: ¥; Chinese: 圓/元; pinyin: yuán; [ɥæ̌n] ⓘ) is the base unit of a number of former and present-day currencies in Chinese. A yuan (Chinese: 圓/元; pinyin: yuán) is also known colloquially as a kuai (simplified Chinese: 块; traditional Chinese: 塊; pinyin: kuài; lit. 'lump'; originally a lump of silver).
The Chinese yuan renminbi is the currency used in the People's Republic of China. Yuan is the actual unit of currency while renminbi is the name of the currency itself.
The official name for Chinese currency is Renminbi, which literally translates to People's Currency and is abbreviated to RMB. The most widespread international usage is yuan, which is abbreviated to CNY. You can write either CNY 1,000 or RMB 1,000. The official symbol for the Chinese yuan is ¥.
The Chinese yuan (CNY) and renminbi (RMB) are closely linked terms for China's currency. Renminbi is the official name of China's currency. The renminbi's principal unit is the Chinese yuan.
The renminbi is the official currency of the People’s Republic of China, and translates to “people’s money.” Its international symbol is CNY (or CNH in Hong Kong; but abbreviated RMB, with ...
What is the name of the Chinese currency? You may have heard Chinese currency referred to as “ renminbi,” which is usually abbreviated as RMB. In Chinese, renminbi is written 人民币 (r é nm í nb ì in pīnyīn), which means “the people’s money.”
Answer: Renminbi, literally people's currency, is the legal tender of the People's Republic of China, which is issued by the People's Bank of China. It has another name, Chinese Yuan. • Short official name: CNY (Chinese Yuan) • Abbreviation: RMB. • Chinese: Ren Min Bi (人民币) • Symbol: ￥. • Monetary unit: Yuan (元)
The Chinese yuan renminbi (simplified Chinese: 人民币), or CNY, which means ‘people's currency’, is the official currency of the People's Republic of China. The term ‘renminbi’ refers to the name of the currency while ‘yuan’ refers to the basic unit of the Chinese currency.
The official currency of China is the Chinese renminbi with the currency symbol ¥ (or RMB ¥) and ISO 4217 code CNY. That said, the renminbi is often referred to in the abbreviated form of RMB or as the basic unit of currency, the yuan. The renminbi has been legal tender in China since 1948, replacing the Nationalist-issued yuan.