renminbi
Sign in to saveThe renminbi (; ; symbol: ¥; ISO code: CNY; abbreviation: RMB) is the official currency of China. The renminbi is issued by the People's Bank of China, the monetary authority of China. It is the world's fifth-most-traded currency as of April 2025. The Chinese yuan () is the basic unit of the renminbi.
AI overview
The renminbi is the official currency of China, issued by the People's Bank of China and symbolized as ¥. As the world's fifth-most-traded currency, it plays a significant role in global financial markets and international commerce.
AI-generated from the Wikipedia summary — may contain errors.
Key facts
- Currency.local_name_lang
- zh-cn
- Currency.local_name
- 人民币
- Currency.image_1
- Banknotes YuanRPC.png
- Currency.image_title_1
- Renminbi banknotes
- Currency.name_abbr
- RMB
- Currency.iso_code
- CNY
- Currency.unit
- yuán ( / )
- Currency.symbol
- ¥
- Currency.frequently_used_banknotes
- ¥1, ¥5, ¥10, ¥20, ¥50, ¥100
- Currency.rarely_used_banknotes
- ¥0.1, ¥0.5
- Currency.frequently_used_coins
- ¥0.1, ¥0.5, ¥1
- Currency.rarely_used_coins
- ¥0.01, ¥0.02, ¥0.05
Article
33 sectionsContents
- <span class="anchor" id="Valuation"></span> Exchange rate
- Terminology
- History
- Era of the command economy
- Transition to an equilibrium exchange rate
- Foreign exchange certificates, 1980–1994
- Evolution of exchange policy since 1994
- Convertibility
- Digital renminbi
- Interest rate and green bonds
- Issuance
- Coins
- Banknotes
- Commemorative issues of the renminbi banknotes
- Use in ethnic minority regions of China
- Production and minting
- Suggested future design
- Economics
- Value
- Depegged from the US dollar
- Managed float
- Futures market
- Purchasing power parity
- Real exchange rate
- Internationalisation
- International reserve currency
- Use as a currency outside mainland China
- Other markets
- See also
- Notes
- References
- Further reading
- External links
The renminbi (; ; symbol: ¥; ISO code: CNY; abbreviation: RMB) is the official currency of China. The renminbi is issued by the People's Bank of China, the monetary authority of China. It is the world's fifth-most-traded currency as of April 2025. The Chinese yuan () is the basic unit of the renminbi.
One yuan is divided into 10 jiao (), and the jiao is further subdivided into 10 fen (). The word yuan is widely used to refer to the Chinese currency generally, especially in international contexts.