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. [a] The renminbi is issued by the People's Bank of China, the monetary authority of China. [3]

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 ...

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...

Jun 13, 2024 · The renminbi (RMB) is the official currency of China, symbolizing the country’s monetary authority. The term “renminbi” means “people’s currency” in Mandarin, reflecting the government’s socialist principles when the currency was established.

The renminbi is the official name of the currency system, and the Chinese yuan is the basic unit of that currency. Within China, they hold the same value, so you can use them interchangeably in everyday transactions.

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.