Currency Overview
Brief History
The Renminbi (meaning "people's currency") was introduced in 1949 when the People's Republic of China was established. The Yuan is the basic unit of the Renminbi. In 2016, the IMF included the RMB in its Special Drawing Rights basket, reflecting China's growing economic influence.
Global Role
The CNY is the fifth most traded currency globally and was added to the IMF's SDR basket in 2016. As China's economy grows, the Yuan plays an increasingly important role in global trade.
Live Exchange Rates
CNY against major world currencies
Currency Comparison
Common Use Cases
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CNY stands for Chinese Yuan, the official currency of the People's Republic of China. The broader currency system is called Renminbi (RMB), meaning people's currency, with Yuan as its basic unit.
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