Renminbi

*Renminbi*
Renminbi
	"Renminbi" in Simplified (top) and Traditional (bottom) Chinese characters
Simplified Chinese	人民币
Traditional Chinese	人民幣
Literal meaning	"People's Currency"
Hanyu Pinyin
Transcriptions
Standard Mandarin
Hanyu Pinyin	Rénmínbì
Bopomofo	ㄖㄣˊ ㄇㄧㄣˊ ㄅㄧˋ
Wade–Giles	Jên2-min2-pi4
IPA	[ɻə̌n.mǐn.pî] ⓘ
Hakka
Romanization	Ngìn-mìn-pi
Yue: Cantonese
Yale Romanization	Yànmànbaih
Jyutping	Jan4man4bai6
IPA	[jɐn˩.mɐn˩.pɐi˨]
Southern Min
Hokkien POJ	Jîn-bîn-pè
Yuan
Simplified Chinese	圆 (or 元)
Traditional Chinese	圓 (or 元)
Literal meaning	"circle" (ie. a coin)
Hanyu Pinyin
Transcriptions
Standard Mandarin
Hanyu Pinyin	Yuán
Bopomofo	ㄩㄢˊ
Wade–Giles	Yüan2
IPA	[ɥɛ̌n]
Hakka
Romanization	Ngiàn
Yue: Cantonese
Yale Romanization	Yùhn
Jyutping	Jyun4
IPA	[jyːn˩]
Southern Min
Hokkien POJ	Goân

Renminbi
人民币 (Chinese) RMB
	Renminbi banknotes
ISO 4217
Code	CNY (numeric: 156)
Subunit	0.01
Unit
Unit	yuán (元 / 圆)
Plural	The language(s) of this currency do(es) not have a morphological plural distinction.
Symbol	¥‎
Nickname	kuài (块)
Denominations
Subunit
1⁄10	jiǎo (角)
1⁄100	fēn (分)
Nickname
jiǎo (角)	máo (毛)
Banknotes
Freq. used	¥5, ¥10, ¥20, ¥50, ¥100
Rarely used	¥0.1 ¥0.5 ¥1
Coins
Freq. used	¥0.1, ¥0.5, ¥1
Demographics
Date of introduction	1948
Replaced	Nationalist-issued yuan
User(s)	China (Mainland China); Wa State
Issuance
Central bank	People's Bank of China
Website	www.pbc.gov.cn
Printer	China Banknote Printing and Minting Corporation
Website	www.cbpm.cn
Mint	China Banknote Printing and Minting Corporation
Website	www.cbpm.cn
Valuation
Inflation	2.5% (2017)
Source
Method	CPI
Pegged with	Partially, to a basket of trade-weighted international currencies

The renminbi (Chinese: 人民币; pinyin: Rénmínbì; lit. 'People's Currency'; symbol: ¥; ISO code: CNY; abbreviation: RMB) is the official currency of the People's Republic of China.^[a] It is the world's 5th most traded currency as of April 2022.^[3]

The yuan (Chinese: 元 or simplified Chinese: 圆; traditional Chinese: 圓; pinyin: yuán) is the basic unit of the renminbi, but the word is also used to refer to the Chinese currency generally, especially in international contexts. One yuan is divided into 10 jiao (Chinese: 角; pinyin: jiǎo), and the jiao is further subdivided into 10 fen (Chinese: 分; pinyin: fēn). The renminbi is issued by the People's Bank of China, the monetary authority of China.^[4]

^ "CNY – Chinese Yuan Renminbi rates, news, and tools | Xe". Archived from the original on 16 July 2016. Retrieved 23 July 2016.
^ "Myanmar's free-wheeling Wa state". 17 November 2016. Archived from the original on 1 November 2022. Retrieved 31 October 2022.
^ "Triennial Central Bank Survey Foreign exchange turnover in April 2022" (PDF). Bank for International Settlements. 27 October 2022. p. 5. Archived (PDF) from the original on 27 October 2022. Retrieved 31 October 2022.
^ Article 2, "The People's Bank of China Law of the People's Republic of China". 27 December 2003. Archived from the original on 20 March 2007.

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[1] "CNY – Chinese Yuan Renminbi rates, news, and tools | Xe". Archived from the original on 16 July 2016. Retrieved 23 July 2016.

[2] "Myanmar's free-wheeling Wa state". 17 November 2016. Archived from the original on 1 November 2022. Retrieved 31 October 2022.

[BIS-4] "Triennial Central Bank Survey Foreign exchange turnover in April 2022" (PDF). Bank for International Settlements. 27 October 2022. p. 5. Archived (PDF) from the original on 27 October 2022. Retrieved 31 October 2022.

[5] Article 2, "The People's Bank of China Law of the People's Republic of China". 27 December 2003. Archived from the original on 20 March 2007.

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