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| This article describes a currency traded on the global foreign exchange market. View articles referencing this currency. |
The Chinese Renminbi, which is also known as the yuan, is issued by the People's Bank of China, the monetary authority of the PRC. The name the Yuan comes from 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 Chinese Renminbi literally means the "People's Currency"
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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