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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