Chinese Yuan

The Chinese Yuan, also known as Renminbi (RMB), is the official currency of China. It is abbreviated as CNY and symbolized by ¥. The Yuan is used for daily transactions in China and plays a crucial role in the global economy as China's trade volume is significant. The People's Bank of China manages the currency, and its value can be influenced by government policies and market forces. The Yuan is increasingly used in international trade and finance, reflecting China's growing economic influence worldwide.