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The renminbi (RMB, also known as Chinese yuan; ISO code: CNY) is the official currency of the People's Republic of China. [1] Although it is not a freely convertible currency, and has an official exchange rate, the CNY plays an important role in the world economy and international trade.
However, in written Chinese contexts, the Chinese character for yuan (Chinese: 元; lit. 'constituent', 'part') or, in formal contexts Chinese: 圆; lit. 'round', usually follows the number in lieu of a currency symbol. Renminbi is the name of the currency while yuan is the name of the primary unit of the
4.5 Indian Rupee as exchange rate anchor. 4.6 Other. ... Currency band; Exchange rate; Exchange rate regime; ... China Democratic ...
Present currency ISO 4217 code Country or dependency ... Chinese Renminbi (yuan) [19] CNY ... Indian Rupee [27]
Renminbi currency value is a debate affecting the Chinese currency unit, the renminbi (Chinese: 人民币 Code:CNY). The renminbi is classified as a fixed exchange rate currency "with reference to a basket of currencies ", [ 1 ] which has drawn attention from nations which have freely floated currencies and has become a source of trade friction ...
China: Renminbi ¥ CNY ... Indian rupee ₹ INR Paisa: 100 ... A currency is a kind of money and medium of exchange. Currency includes paper, ...
'American yuan') in Chinese, and the euro is called Ouyuan (simplified Chinese: 欧元; traditional Chinese: 歐元; pinyin: Ōuyuán; lit. 'European yuan'). When used in English in the context of the modern foreign exchange market, the Chinese yuan (CNY) refers to the renminbi (RMB), which is the official currency used in mainland China.
International dollar – hypothetical currency pegged 1:1 to ... Danish Indian rupee ... Yuan (元, 圆 or 圓) – China; Chinese yuan (元, 圆 or 圓 ...