RMB
Renminbi (RMB) is the official currency of the People’s Republic of China. It is issued and regulated by the People’s Bank of China (PBOC). The basic unit of the Renminbi is the yuan. In currency terms, 1 yuan equals 10 jiao and 1 jiao equals 10 fen, making 1 yuan equal to 100 fen. The international symbol is ¥ and the ISO 4217 code is CNY. In everyday use, RMB is often referred to as yuan, with the terms sometimes used interchangeably in casual contexts.
Banknotes and coins are issued in several denominations. Common banknotes include 1, 2, 5, 10, 20, 50,
Legal tender status is limited to mainland China. The RMB is not legal tender in Hong Kong
The RMB’s exchange rate is managed by the PBOC within a regime that has evolved toward greater