Chinese Renminbi (CNY)

QUOTE AND NEWS
Channel News Asia  Jun 8  Comment 
BEIJING: Russia and China signed an agreement on Friday to establish a new investment fund that will initially hold 1.5 billion yuan (US$234 million) under management and support financial and industrial projects in Russia and China. The...
The Economist  Jun 7  Comment 
Fan Bingbing, on location in Khorgos IT IS hard to go a day in China without seeing Fan Bingbing. The doe-eyed starlet gazes from film posters (she has averaged four films a year for the past decade), airbrushed ads for global brands and glossy...
Motley Fool  Jun 5  Comment 
The Chinese professional education services leader is forsaking near-term profits to drive long-term growth. Here's what investors need to know.
Financial Times  Jun 1  Comment 
Emerging market rout has so far spared PBoC, but currency faces headwinds
Motley Fool  May 24  Comment 
Is this Chinese tech underdog a contrarian play?
Reuters  Apr 20  Comment 
Guo Qingshan delights in riding his 400,000 yuan ($63,839) Harley-Davidson motorbike around Beijing's suburbs.
Reuters  Apr 19  Comment 
Guo Qingshan delights in riding his 400,000 yuan ($63,839) Harley-Davidson motorbike around Beijing's suburbs.
SeekingAlpha  Apr 16  Comment 
Yahoo  Apr 16  Comment 
Asian currencies could be put under a lot of pressure if China decides to devalue the yuan, says Greg Matwejev of Morris Capital Australia.
Clusterstock  Apr 15  Comment 
Business Insider spoke with Dharshini David, economist, broadcaster, and author of "The Almighty Dollar." David talked about why the Euro hasn't challenged the Dollar as an international currency, despite being used by more people than the...




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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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