Chinese Renminbi (CNY)

Clusterstock  Oct 3  Comment 
US stocks started the fourth quarter with a slight drop and the British pound tanked. The pound fell to a seven-week low against the dollar after British Prime Minister Theresa May said Article 50 — the legal process to leave the European...
Clusterstock  Oct 3  Comment 
The yuan's officially in the IMF's basket of reserve currencies. On Saturday, the Chinese currency was added to the IMF's special drawing rights (SDR) basket, joining the US dollar, the euro, the yen, and the British pound. "The inclusion...
Reuters  Oct 3  Comment 
Market watchdogs in Shanghai have fined fast-food chain supplier Shanghai Husi Food Co and its U.S. parent OSI Group [OSIGP.UL] more than 24 million yuan ($3.6 million) for making and selling sub-standard products in a meat scandal two years ago,...
Reuters  Oct 1  Comment 
China's yuan joins the International Monetary Fund's basket of reserve currencies on Saturday in a milestone for the government's campaign for recognition as a global economic power.
Yahoo  Sep 30  Comment 
In China, October first is a holiday marking the anniversary of the Communist takeover of the country. Its currency, the renminbi (RMB), will join the US dollar, the Japanese yen, the British pound, and the euro as a reserve currency for the IMF....
Mondo Visione  Sep 30  Comment 
Today, the International Monetary Fund (IMF) announced the launch of the new Special Drawing Right (SDR) valuation basket including the Chinese renminbi (RMB), and the new currency amounts that will determine the value of the SDR during the new...
Insurance Journal  Sep 29  Comment 
Insured losses on mainland China from September’s Typhoon Meranti are expected to fall between $650 million (CNY 4.3 billion) and $1.15 billion (CNY 7.7 billion). According to catastrophe modeling firm AIR Worldwide, the wide range in its...
Wall Street Journal  Sep 28  Comment 
Columnist Li Yuan writes that Tencent’s WeChat messaging platform wants to become a one-stop app that users would rarely have to leave to use other mobile apps.


You could also be looking for ETN Market Vectors Chinese Renminbi/USD ETN (CNY)

The Chinese Renminbi ("人民币"), the official currency of the People's Republic of China, is issued by the People's Bank Of China (“中国人民银行”, a.k.a. PBOC), the monetary authority of the PRC. Though commonly used interchangeably, the Yuan is in fact the principle currency unit within the Renminbi. The units for the Renminbi are the Yuan (元), Jiao (角), Fen (分), where 1 Yuan = 10 Jiao = 100 Fen. The Yuan is the primary unit of the Renminbi. The Chinese Renminbi literally means the "People's Currency".

Abbreviations for the Renminbi include RMB, CNY.

The value of the RMB had historically been pegged to the U.S. dollar, but since 2005, the Renminbi exchange rate has been allowed to float around a fixed base rate. The base rate is determined by the PBOC, with a reference to a basket of world currencies.

RMB notes are available in the following amounts: 100, 50, 20, 10, 5, and 1 yuan, and beneath the 1-yuan level at 5 Jiao and 1 Fen.

For a discussion of its revaluation, see Revaluing the Yuan.

The chart at left shows the USD/CNY currency pair; the number of Chinese Renminbi equivalent to 1 U.S. Dollar (USD).

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