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    CodeCNY (numeric: 156)
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    https://en.wikipedia.org › wiki › Renminbi

    Renminbi - Wikipedia

    • The renminbi (Chinese: 人民币; pinyin: Rénmínbì; lit. 'People's Currency' Chinese pronunciation: [ʐə˧˥nmi˧˥npi˥˩]; symbol: ¥; ISO code: CNY; abbreviation: RMB), also known as the Chinese yuan, is the official currency of the People's Republic of China. The renminbi is issued by the People's Bank of China, the monetary authority of China. It is the world's fifth … See more

    How China's Money Changed the World
    How China's Money Changed the World
    China is a global economic powerhouse, but do you know the history of its currency? In this video, we'll explore the origins and evolution of the renminbi.
    Valuation

    Until 2005, the value of the renminbi was pegged to the US dollar. As China pursued its transition from central planning to a market economy and increased its participation in foreign trade, the renminbi was devalued to increase the … See more

    Yuan vs. Renminbi: What's the Difference? - Investopedia
    Investopedia
    Renminbi | History, Definition, & Facts | Britannica Money
    Britannica
    Terminology

    The ISO code for the renminbi is CNY, the PRC's country code (CN) plus "Y" from "yuan". Hong Kong markets that trade renminbi at free-floating rates use the unofficial code CNH. This is to distinguish the rates fr… See more

    History

    The various currencies called yuan or dollar issued in mainland China as well as Taiwan, Hong Kong, Macau and Singapore were all derived from the Spanish dollar, which China imported in large quantities from Spanish A… See more

    Issuance

    As of 2019, renminbi banknotes are available in denominations of ¥0.1, ¥0.5 (1 and 5 jiao), ¥1, ¥5, ¥10, ¥20, ¥50 and ¥100. These denominations have been available since 1955, except for the ¥20 notes (added in 1999 wit… See more

    Economics

    For most of its early history, the renminbi was pegged to the U.S. dollar at ¥2.46 per dollar. During the 1970s, it was revalued until it reached ¥1.50 per dollar in 1980. When China's economy gradually opened in the 1980… See more

    Further reading

    • Ansgar Belke, Christian Dreger und Georg Erber: Reduction of Global Trade Imbalances: Does China Have to Revalue Its Currency? In: Weekly Report. 6/2010, Nr. 30, 2010, ISSN 1860-3343, S. 222–229 (PDF-File; … See more

    Wikipedia text under CC-BY-SA license

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