The renminbi (simplified Chinese: 人民币; traditional Chinese: 人民幣; pinyin: rénmínbì; literally "people's currency") (sign: ¥; code: CNY) is the currency of the People's Republic of China (PRC), whose principal unit is the yuan (simplified Chinese: 元 or 圆; traditional Chinese: 圓; pinyin: yuán; Wade-Giles: yüan), subdivided into 10 jiao (角), each of 10 fen (分). The renminbi is issued by the People's Bank of China, the monetary authority of the PRC. T...
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The renminbi (simplified Chinese: 人民币; traditional Chinese: 人民幣; pinyin: rénmínbì; literally "people's currency") (sign: ¥; code: CNY) is the currency of the People's Republic of China (PRC), whose principal unit is the yuan (simplified Chinese: 元 or 圆; traditional Chinese: 圓; pinyin: yuán; Wade-Giles: yüan), subdivided into 10 jiao (角), each of 10 fen (分). The renminbi is issued by the People's Bank of China, the monetary authority of the PRC. The ISO 4217 abbreviation is CNY, although it is also commonly abbreviated as "RMB". The Latinized symbol is ¥.
A variety of currencies circulated in China during the Republic of China (ROC) era, most of which were denominated in the unit "yuan" (pronounced like [jʏɛn˧˥]). Each was distinguished by a currency name, such as the fabi ("legal tender"), the "gold yuan", and the "silver yuan". The word yuan in Chinese literally means round, after the shape of the coins. The Korean and Japanese currency units, won and yen respectively, are cognates...
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