China currency name

Currency Codes for China The Currency Codes nomenclature is done by International Organization for Standardization (ISO) according to the ISO 4217 standards which consists of specific 3 letters ("Alpha-3") codes for currencies available worldwide. Normally the first 2 letters of these country codes are same as ISO 3166-1 codes and the third letter is the first letter of currency name. Not always this rule is applicable there are some countries who don't follow this rule. Currency codes which are reserved for specific reasons they normally begin with X. For Example: Canada (CAD) has CA Country Code and D for dollar Australia (AUD) has AU Country Code and D for dollar Singapore (SGD) has SG Country Code and D for dollar USA (USD) has US Country Code and D for dollar Every Currency is assigned some 3 character Alphabetical Currency Code and a 3 digit numeric Currency code similiar to ISO 3166. For Example: Canada (CAD) has Numeric Currency Code 124 Australia (AUD) has Numeric Currency Code 036 Singapore (SGD) has Numeric Currency Code 702 USA (USD) has Numeric Currency Code 840 USD conversion to world currencies USD WORLD CURRENCY Euro British Pound Canadian Dollar Australian Dollar United Arab Emirates Dirham Albanian Lek Armenian Dram NL Antillian Guilder Angolan Kwanza Argentine Peso Aruban Florin Azerbaijan New Manat Bosnian Mark Barbados Dollar Bangladeshi Taka Bulgarian Lev Bahraini Dinar Burundi Franc Bermudian Dollar Brunei Dollar Bolivian Boliviano Brazilian Real Bah...

• Afrikaans • Alemannisch • العربية • Aragonés • Asturianu • Azərbaycanca • تۆرکجه • বাংলা • Bân-lâm-gú • Башҡортса • Беларуская • Беларуская (тарашкевіца) • Bikol Central • Български • Boarisch • བོད་ཡིག • Brezhoneg • Català • Čeština • Cymraeg • Dansk • Deutsch • Eesti • Ελληνικά • Español • Esperanto • Euskara • فارسی • Français • Frysk • Galego • 贛語 • 客家語/Hak-kâ-ngî • 한국어 • Հայերեն • हिन्दी • Hrvatski • বিষ্ণুপ্রিয়া মণিপুরী • Bahasa Indonesia • Íslenska • Italiano • עברית • Jawa • Қазақша • Коми • Latina • Latviešu • Lietuvių • Lombard • Magyar • Македонски • मराठी • მარგალური • مصرى • Bahasa Melayu • 閩東語 / Mìng-dĕ̤ng-ngṳ̄ • Mirandés • Nederlands • नेपाल भाषा • 日本語 • Norsk bokmål • Norsk nynorsk • Occitan • Oʻzbekcha / ўзбекча • ਪੰਜਾਬੀ • Patois • ភាសាខ្មែរ • Plattdüütsch • Polski • Português • Ripoarisch • Română • Runa Simi • Русский • Scots • Simple English • Slovenčina • Slovenščina • Српски / srpski • Srpskohrvatski / српскохрватски • Suomi • Svenska • Tagalog • தமிழ் • Татарча / tatarça • ไทย • Тоҷикӣ • Tsetsêhestâhese • Türkçe • Türkmençe • Українська • اردو • ئۇيغۇرچە / Uyghurche • Vahcuengh • Tiếng Việt • Walon • Wayuunaiki • 文言 • Winaray • 吴语 • Yorùbá • 粵語 • Zazaki • 中文 Renminbi banknotes Code CNY (numeric: 156) 0.01 Unit Unit yuán ( 元 / 圆) Plural The language(s) of this currency do(es) not have a morphological plural distinction. Nickname kuài ( 块) Subunit 1⁄ 10 jiǎo ( 角) 1⁄ 100 fēn ( 分) Nickname jiǎo ( 角) máo ( 毛) Banknotes Freq. used ¥1RMB, ¥5RMB, ¥10RMB, ...

• বাংলা • Bosanski • Català • Čeština • Eesti • فارسی • Հայերեն • हिन्दी • Hrvatski • Lietuvių • Magyar • Монгол • Nederlands • 日本語 • Norsk bokmål • Norsk nynorsk • Oʻzbekcha / ўзбекча • پنجابی • Português • Română • Русский • Slovenščina • Српски / srpski • Srpskohrvatski / српскохрватски • Українська • اردو • Tiếng Việt • Võro • • • • • • • • • • • • • • • • • • • • • • • • • • A [ ] • • • • • • • • B [ ] • • • • • • • C [ ] • • • • • • • • • • • • • • • • • • • • • • • • • • • • • Cruzado • [ • • • Cruzeiro • • • • • • • D [ ] • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • See also • • Đồng • • • • • Dram (Դրամ) • • E [ ] • See also: Scudo (below) • Escudo • • • • • • • • • • • • Countries that have made legal agreements with the EU to use the euro: • Countries that unilaterally use the euro: • Currencies pegged to the euro: F [ ] • • Florin • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • Franco • • • • • Frank • • • • • • • • • • • • • • • • • • • G [ ] • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • H [ ] • • I [ ] • • K [ ] • • • Keping • • • • • • • • • Koruna • • • • • • • • • • Krone • • • • • • • • • • • • • • • • ) – L [ ] • • • • • • • Leu • • • • • see also: Livre and pound (below) • • • • • • • • • • • • • • • • • • • • • • • Livre • • • ...

The offshore yuan weakened past 7.17 per dollar, hitting its lowest levels in over six months after the People’s Bank of China lowered its one-year medium-term lending facility rate by 10 basis points to 2.65% on June 15th, the first such cut in ten months. This came just two days after the central bank unexpectedly slashed its seven-day reverse repurchase rate by 10 basis points to 1.9%, as a decelerating economic rebound prompted government support. Markets have been speculating that China’s central bank would need to introduce additional stimulus to counter a sluggish economic recovery, including a possible cut to banks’ reserve requirement ratio. Investors also digested a slew of disappointing Chinese economic data, including industrial production, retail sales and fixed asset investment that all rose less than expected in May. Majors Price Day Year Date EURUSD 1.0941 0.0110 1.02% 3.74% Jun/15 GBPUSD 1.2781 0.0120 0.95% 3.48% Jun/15 AUDUSD 0.6881 0.0088 1.29% -2.32% Jun/15 NZDUSD 0.6230 0.0026 0.42% -2.07% Jun/15 USDJPY 140.2540 0.1640 0.12% 6.09% Jun/15 USDCNY 7.1196 -0.0555 -0.77% 6.52% Jun/15 USDCHF 0.8918 -0.0092 -1.02% -7.74% Jun/15 USDCAD 1.3222 -0.0100 -0.75% 2.11% Jun/15 USDMXN 17.1050 0.0030 0.02% -16.15% Jun/15 USDINR 81.9000 -0.0500 -0.06% 5.07% Jun/15 USDBRL 4.8102 -0.0044 -0.09% -4.81% Jun/15 USDRUB 83.4705 -0.5250 -0.63% 52.11% Jun/15 USDKRW 1,270.0000 -4.0100 -0.31% -1.42% Jun/15 USDTRY 23.4567 -0.0916 -0.39% 35.59% Jun/15 DXY 102.1608 -0.7872 -0.76% -1....

• Currently the U.S. dollar is the world's global currency, which affords the United States economic and political advantage. • Before the yuan can become a global currency, it must first become a reserve currency held by central banks around the world. • Among the benefits China would enjoy are lower trade costs, greater demand for the yuan worldwide, and less concern about the value of the U.S. dollar in relation to the yuan. What Must Happen First China is working hard to make the yuan the next global currency. Although presently a reserve currency, the yuan can’t upstage the U.S. dollar without several important scenarios taking place first, including: • Central banks around the world choose to keep a total of at least $700 billion worth of yuan in foreign exchange reserves • The People's Bank of China (PBOC) allows free trade of the yuan and relaxes its peg to the U.S. dollar • The PBOC becomes straightforward about its future intentions with the yuan • China’s financial markets turn transparent • Chinese monetary policies are perceived as stable • The yuan acquires the U.S. dollar’s reputation of stability, which is backed by the enormity and liquidity of U.S. Treasurys • More international contracts could be priced in yuan, which would meanChina would not have to worry so much about the dollar's value. • All central banks would have to hold yuan as part of theirforeign exchange reserves, which would place the yuan in higher demand and lower interest rates for bonds ...

Written by Sally Guo Updated Jul. 4, 2022 Chinese Currency Facts • Legal tender in China: renminbi • Shortened form: RMB or CNY (Chinese Yuan) • Symbol: ￥ • Basic monetary unit: yuan (元) • Colloquial name: kuai (1 yuan = 1 kuai) • Fractional units: jiao (角) and fen (分) • Colloquial name: mao (1 mao = 1 jiao) • Money conversion: 1 jiao = 10 fen; 1 yuan = 10 jiao = 100 fen At present, paper notes often used in China are 1 jiao, 5 jiao, 1 yuan, 5 yuan, 10 yuan, 20 yuan, 50 yuan, and 100 yuan. Fen is nearly out of circulation in the mainland market. As for coins, the main denominations are 1 yuan, 5 jiao, and 1 jiao. Always check your change to be sure that you have not confused jiao and yuan. Jiao notes and coins can be useful if you want to drop small changes into a beggar's bowl. Chinese Currency Exchange Generally, most 4-star or 5-star hotels provide money exchange services, exclusively for guests, but with a relatively low exchange rate. You can alternatively exchange your money as soon as you get off the plane at the airport. The best places, however, for currency exchange are the banks, where exchange rates are generally better, including the Bank of China, the Industrial and Commercial Bank of China, the China Construction Bank, the Agricultural Bank of China, and other authorized banks. Cash advances against a credit card can be arranged, a service charge is usually added. Consult with your bank before departing your country to confirm that your brand of check or cre...