A Brief History of the Chinese Yuan Currency

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Home China Finance & Banking Chinese Currency China General Information Chinese Currency RMB (Chinese Money) Renminbi: Chinese Currency is called Renminbi (RMB or CNY) means "People's Currency" in Chinese language. Unit: Yuan, Jiao (some times called "Mao" ) and Fen.1 Yuan = 10 Jiao (Mao); 1 Jiao = 10 Fen.

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A Brief History of the Chinese Yuan Currency

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Listen. (2 min) China's approach to its currency is a mix of bold ambition and fear of dollar strength. The yuan has lost 3% of its value against the greenback in 2023 and was doing even worse.

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'People's Currency'; symbol: ¥; ISO code: CNY; abbreviation: RMB) is the official currency of the People's Republic of China. [note 1] It is the world's 5th most traded currency as of April 2022. [3]

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