what does cny stand for - Search
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  2. Chinese yuan renminbi
    • According to 3 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.
    The currency code for Chinese Yuan Renminbi is CNY, denoted by the symbol ¥.
     
  3. People also ask
    What happened to the CNY?On April 16, 2012, the CNY daily trading band was raised from 0.5% to 1%. Then, it further expanded to 2% on March 17, 2014. Aug 2018 - Today: The CNY was de-pegged against the USD and referred to a basket of currencies again.
    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).
     
  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. What’s the difference between the renminbi and the …

    WebAug 19, 2015 · The renminbi is the official currency of China, and its international symbol is CNY. The book "Renminbi Internationalization" examines the issues and challenges of making the renminbi a global …

  7. Renminbi - Wikipedia

  8. 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").

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    • What Is China's Currency? - The Balance

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    • RMB Currency | Overview & History | Study.com

      WebNov 21, 2023 · Chinese yuan is the name of the currency in China. What we usually refer to as RMB is Renminbi or 'National Currency'. RMB refers to the official currency of China, also known as renminbi (or...

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    • CNY | Chinese Yuan Renminbi | OANDA

    • CNY vs CNH - Differences Between Two Types of Renminbi - Wise

    • What does CNY stand for? - Abbreviations.com

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

    • CNY Abbreviation Meaning - All Acronyms

    • CNH vs CNY: Differences Between the Two Yuan | Nasdaq

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

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

    • CNY - Slang/Internet Slang - Acronym Finder

    • What Is CUNY? What Does CUNY Stand For? - PrepScholar