The renminbi (Chinese: 人民币; pinyin: Rénmínbì; lit. 'People's Currency' Chinese pronunciation: [ʐən˧˥min˧˥pi˥˩]; symbol: ¥; ISO code: CNY; abbreviation: RMB), also known as the Chinese yuan, is the official currency of the People's Republic of China.

Jun 25, 2024 · 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.

Feb 23, 2025 · 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).

Jan 31, 2025 · The Chinese yuan renminbi is the currency used in the People’s Republic of China. Yuan is the actual unit of currency for China’s financial system and economy, representing a single unit of money.

Nov 12, 2020 · Chinese money has two names that are often used interchangeably: the renminbi and the yuan. Officially, China’s currency is the renminbi, which literally means “the people’s currency” in ...

Aug 19, 2015 · 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 ...

The renminbi is the currency of the People's Republic of China. It is the main currency used in mainland China. It is also sometimes accepted in Hong Kong and Macau, and can be easily exchanged in those territories. The currency is issued by the People's Bank of China, the monetary authority of China. [2] Its name means "people's currency".

Jun 26, 2010 · "Renminbi" is the official name of the currency introduced by the Communist People's Republic of China at the time of its foundation in 1949. It means "the people's currency". "Yuan" is the name...

May 8, 2020 · 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.

Today, the term "yuan" usually refers to the primary unit of account of the renminbi (RMB), the currency of the People's Republic of China. [1] RMB banknotes start at one Yuan and go up to 100 Yuan. It is also used as a synonym of that currency, especially in international contexts – the ISO 4217 standard code for renminbi is CNY, an abbreviation of "Chinese yuan".