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The yuan (/ j uː ˈ ɑː n,-æ n / yoo-A(H)N; sign: ¥; Chinese: 圓/元; pinyin: yuán; ⓘ) is the base unit of a number of former and present-day currencies in Chinese. A yuan (Chinese: 圓/元; pinyin: yuán) is also known colloquially as a kuai (simplified Chinese: 块; traditional Chinese: 塊; pinyin: kuài; lit. 'lump'; originally a ...
'People's Currency'; symbol: ¥; ISO code: CNY; abbreviation: RMB), also known as the Chinese yuan, is the official currency of the People's Republic of China. [a] The renminbi is issued by the People's Bank of China, the monetary authority of China. [3] It is the world's fifth-most-traded currency as of April 2022. [4]
May 8, 2020 · The most widespread international usage is yuan, which is abbreviated to CNY. You can write either CNY 1,000 or RMB 1,000. The official symbol for the Chinese yuan is ¥.
Sep 6, 2024 · Renminbi, monetary unit of China. One renminbi (yuan) is divided into 100 fen or 10 jiao, and banknotes are issued in denominations from 1 fen to 100 renminbi. In 2016 the renminbi became a reserve currency of the International Monetary Fund (IMF). Learn more about the currency.
- Photos of Current Chinese Bank Notes
- The History of Chinese Money
- Preferences and Traditions
- Denominations of Chinese Money
- Photos of Old Chinese Bank Notes
Below is the fifth series of banknotes, commissioned in 1999, with the head of Mao Zedong on the front, and fourth series jiao notes. The 2 jiao note is now seldom seen. 100 Yuan (Reverse Image: The Great Hall of the People, Beijing) 50 Yuan (Reverse Image: The Potala Palace, Lhasa) 20 Yuan (Reverse Image: The Li River, Guilin) 10 Yuan (Reverse Ima...
From Shells to Silver
The earliest form of Chinese money was shells (hence the use of the shell character in many other characters related to value, money and wealth). Money shellswere later bronzed. In the period of rival states (770 – 221 BC) different shapes of money were used by different states: knife-shaped, spade shaped, and ant-nose-shaped. When Qin Shihuang, the First Emperor, united China in 221 BC round coins with a square holein the middle were introduced and this form of currency was used until around...
The Early-Modern Era
Chinese banking started almost by accident in the 1820s when a successful dyer with a branch office in Beijing was asked by a friend if he might give him some money in Pingyao, his home town, collecting the same amount from the dyer's office in Beijing. This enabled the friend to avoid bandits. Others caught on to this idea and so that hometown, the attractive and well-preserved walled town of Pingyaoin Shanxi province, became for a while the financial center of all China. The end of the impe...
Chinese Money Today
Money forms a big part of the everyday lives of Chinese. Electronic transactions are becoming increasingly common, so expect the frustrations in supermarket queues as everywhere else in the world when someone ahead of you has a handful of items and chooses to pay with a bank card. Checks are rarely used. Cash is still the preferred means of transaction, so notes of various denominations are changing hands all day long, even for quite large amounts. Becoming richis a common wish, dream and pur...
In China notes are preferred to coins, especially in rural areas, though historically, and up until only about 140 years ago, the coin with the hole in the middle was currency. Red envelopes containing bank notes are ritually given at special occasions rather than presents: festivals (particularly Chinese New Year), marriages, births, visiting sick...
The basic unit of Chinese currency is the yuan (元 /ywen/), spoken colloquially as kuai (块 /kwhy/). There are 10 jiao (角 /jyaoww/), known colloquially as mao (毛 /maoww/), to the yuan. The fen (分 /fnn/), 1/100th of a yuan, is so seldom used now that fen coins and notes are almost out of circulation. Paper notes come in 1 and 5 jiao, 1, 2, 5, 10, 20, ...
Apart from the 2 yuan and 1 Yuan Notes these notes from the fourth series are seldom seen in circulation. 100 Yuan 50 Yuan 10 Yuan 5 Yuan 2 Yuan 1 Yuan
The renminbi is the currency of the People's Republic of China. It is the main currency used in mainland China. It is also sometimes accepted in Hong Kong and Macau, and can be easily exchanged in those territories. The currency is issued by the People's Bank of China, the monetary authority of China. [2] Its name means "people's currency".
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2 days ago · Read on to discover the different between Chinese renminbi (RMB) and yuan (CNY) and learn to talk about China’s currency in both English and Chinese.
