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  2. Chinese yuan renminbi
    • According to 2 sources
    The term Chinese yuan renminbi (CNY) refers to the currency used in the People's Republic of China. Although it may seem a little confusing because the names are often depicted together, they're actually two separate terms. A yuan acts as China's unit of account for its financial system and economy, which represents a single unit of money.
    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.
     
  3. People also ask
    What does CNY stand for?CNY is the official ISO 4217 abbreviation for China's currency. CNH is sometimes used as an unofficial abbreviation for the price of yuan in offshore markets. The yuan character is also used in the names of other currencies, such as the New Taiwan Dollar, Hong Kong Dollar, Singapore Dollar, or the Macanese Pacata.
    What is Chinese yuan (CNY)?The Chinese yuan (CNY) is another name for China’s currency, and is the principal unit of RMB. The two names, renminbi and yuan, are interchangeable. In 2009, Chinese authorities lifted restrictions on RMB trade settlements between China and Hong Kong – the first time that RMB settlements were allowed outside mainland China.
    What is the difference between CNY & CNH?Due to China's cross-border currency controls, the Chinese yuan is allowed to trade for a different price in an offshore market like Hong Kong. In order to distinguish between these two prices, the unofficial abbreviation CNH is used to refer to the offshore price of the Chinese yuan (CNY).
    What is Chinese yuan renminbi (CNY)?In mainland China, it’s officially called the Chinese yuan renminbi (CNY). Simply put, CNY is used for the domestic market while CNH is used for international trade and payment. Both currencies are valued at the same amount with the exchange rates set at a ratio of 1:1. The Renminbi (RMB) is the official currency of the People’s Republic of China.
     
  4. Dictionary

    CNY
    [CNY]
    abbreviation
    CNY (noun)
    1. Chinese New Year:
      "the firecrackers mark the official start of CNY"
    2. Chinese yuan.
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  5. Chinese Yuan Renminbi (CNY): Overview, History - Investopedia

     
  6. Renminbi - Wikipedia

  7. What’s the difference between the renminbi and the …

    WEBAug 19, 2015 · Its international symbol is CNY (or CNH in Hong Kong; but abbreviated RMB, with the symbol ¥). The yuan is the name of the unit in which renminbi transactions are denominated, but also refers to...

  8. CNY - What does CNY stand for? The Free Dictionary

  9. What's the Chinese currency called? | Chinese …

    WEBDec 13, 2023 · Confusingly, however, it’s possible that you may also have heard Chinese money referred to as “yuan” (元 yuán), commonly abbreviated as CNY (“Chinese Yuan”). The various different names …

  10. Why China's currency has two names - BBC News

    WEBJun 26, 2010 · In the world's high-flying financial circles, the word "renminbi" (or RMB) is often preferred to "yuan" (or CNY, short for "Chinese Yuan").

  11. RMB Currency | Overview & History | Study.com

    WEBNov 21, 2023 · RMB refers to the official currency of China, also known as renminbi (or 'People's Money') and it's abbreviated as CNY. What does RMB stand for? The abbreviation RMB stands for...

  12. What Is China's Currency? - The Balance

  13. Chinese yuan rmb - CNY Exchange Rates | Wise

  14. CNY vs CNH - Differences Between Two Types of …

    WEBFeb 20, 2024 · CNY is the Chinese Yuan traded in the onshore market; CNH is the Chinese Yuan traded in the offshore market. CNH and CNY are valued at the same amount in Renminbi, and both of them are …

  15. CNY - Definition by AcronymFinder

  16. Chinese New Year | Summary, History, Traditions, & Facts

  17. What does CNY stand for? - Abbreviations.com

  18. Renminbi vs yuan: What's the Difference? – Silverbird

  19. CNY | Chinese Yuan Renminbi | OANDA

  20. CNY vs CNH vs RMB: One Country, Three Currencies | Statrys

  21. CNY Abbreviation Meaning - All Acronyms

  22. CNY - Chinese Yuan Renminbi (Currency Unit) | AcronymFinder

  23. The difference between onshore and offshore RMB (CNY & CNH ...

  24. Chinese yuan rmb to US dollars Exchange Rate. Convert …

  25. CHINA RENMINBI (CNY) Spot Rate - Bloomberg.com

  26. CNY - Slang/Internet Slang - Acronym Finder

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