INFORMATION ABOUT CHINESE YUAN
We show the updated today’s value/price of Chinese yuan (CNY).You can get the exchange from Chinese yuan to another currency by introducing the value or amount of Chinese yuan (CNY) in the box and clicking the convert button. This way you can get the Chinese yuan’s price in relation to other currencies.
INTRODUCTION TO THE CHINESE YUAN
The Chinese yuan first circulated shortly before the triumph of the revolutionary in the Chinese Civil War of 1949. Since then, it is the official currency of the Popular Republic of China. It is used by approximately 2 thousand eight hundred and forty million of people. You can check the today value of Chinese yuan and check its price.
The Chinese yuan (CNY) is also known by the name of renminbi. It is colloquially denominated: Kuai (Chinese: 块).
The People’s Bank of China is an organization established in 1948 and its functions are: formulate and implement the monetary policy according the law, issuing the renminbi and administer its circulation, regulating financial markets, maintain balanced the exchange rate of renminbi, conduct the state currency and gold reserves, conduct the State Treasury as fiscal agent, monitor all money laundering related to suspect movements funds.
Countries that use the currency: Popular Republic of China, Mongolia and Myanmar.
Name: CHINESE YUAN
Bills: ¥ 0.1, ¥ 0.2, ¥ 0.5, ¥ 1, ¥ 2, ¥ 5, ¥ 10, ¥ 20, ¥ 50, ¥ 100
Coins: jiao = 1/10 of one yuan; fen = 1/100 of one Yuan. ¥ 0.01, ¥ 0.02, ¥ 0.05, ¥ 0.1, ¥ 0.5, ¥ 1
Issuing Agent: People’s Bank of China Web: http://www.pbc.gov.cn/