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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.
- Christina Majaski
- 1 min
A new yuan was introduced in 1955 at a rate of 10,000 old yuan = 1 new yuan, known as the renminbi yuan. It is the currency of the People's Republic of China to this day. The term yuan is also used in Taiwan.
Mar 5, 2021 · The People’s Bank of China has been developing the digital yuan, a so-called central bank digital currency that aims to replace some of the cash in circulation. China has already started...
Jun 21, 2022 · The Chinese yuan renminbi is the currency used in the People's Republic of China. Yuan is the actual unit of currency while renminbi is the name of the currency itself.
- Will Kenton
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 the...
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 ...
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Get the latest 1 British Pound to Chinese Yuan Renminbi rate for FREE with the original Universal Currency Converter. Set rate alerts for to and learn more about British Pounds and Chinese Yuan Renminbi from XE - the Currency Authority.