Renminbi
The renminbi (Chinese: 人民币; pinyin: Rénmínbì; lit. 'People's Currency'; symbol: ¥; ISO code: CNY; abbreviation: RMB) is the official currency of the People's Republic of China. It is the world's 5th most traded currency as of April 2022.
| 人民币 (Chinese) RMB | |
|---|---|
Renminbi banknotes | |
| ISO 4217 | |
| Code | CNY (numeric: 156) |
| Subunit | 0.01 |
| Unit | |
| Unit | yuán (元 / 圆) |
| Plural | The language(s) of this currency do(es) not have a morphological plural distinction. |
| Symbol | ¥ |
| Nickname | kuài (块) |
| Denominations | |
| Subunit | |
| 1⁄10 | jiǎo (角) |
| 1⁄100 | fēn (分) |
| Nickname | |
| jiǎo (角) | máo (毛) |
| Banknotes | |
| Freq. used | ¥1 RMB, ¥5 RMB, ¥10 RMB, ¥20 RMB, ¥50 RMB, ¥100 RMB |
| Coins | |
| Freq. used | ¥0.1 RMB, ¥0.5 RMB, ¥1 RMB |
| Rarely used | ¥0.01 RMB, ¥0.02 RMB, ¥0.05 RMB |
| Demographics | |
| Date of introduction | 1948 |
| Replaced | Nationalist-issued yuan |
| User(s) | China (Mainland China) Wa State |
| Issuance | |
| Central bank | People's Bank of China |
| Website | www |
| Printer | China Banknote Printing and Minting Corporation |
| Website | www |
| Mint | China Banknote Printing and Minting Corporation |
| Website | www |
| Valuation | |
| Inflation | 2.5% (2017) |
| Source | |
| Method | CPI |
| Pegged with | Partially, to a basket of trade-weighted international currencies |
| Renminbi | |||||||||||||||||||||||||||||
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"Renminbi" in Simplified (top) and Traditional (bottom) Chinese characters | |||||||||||||||||||||||||||||
| Simplified Chinese | 人民币 | ||||||||||||||||||||||||||||
| Traditional Chinese | 人民幣 | ||||||||||||||||||||||||||||
| Literal meaning | "People's Currency" | ||||||||||||||||||||||||||||
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| Yuan | |||||||||||||||||||||||||||||
| Simplified Chinese | 圆 (or 元) | ||||||||||||||||||||||||||||
| Traditional Chinese | 圓 (or 元) | ||||||||||||||||||||||||||||
| Literal meaning | "circle" (ie. a coin) | ||||||||||||||||||||||||||||
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The yuan (Chinese: 元 or simplified Chinese: 圆; traditional Chinese: 圓; pinyin: yuán) is the basic unit of the renminbi, but the word is also used to refer to the Chinese currency generally, especially in international contexts. One yuan is divided into 10 jiao (Chinese: 角; pinyin: jiǎo), and the jiao is further subdivided into 10 fen (Chinese: 分; pinyin: fēn). The renminbi is issued by the People's Bank of China, the monetary authority of China.
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