Yuan Renminbi (CNY)

The Yuan Renminbi is issued by the People’s Bank of China.

Alphabetic code
CNY
Numeric code
156
Symbol
¥
Minor units
2
Example
CN¥1,234.50
Used in
China

History

  1. 1948 The People’s Bank of China is founded on 1 December and puts the first renminbi notes into circulation the same day.
  2. 1994 Official and market exchange rates are unified at about 8.70 yuan per US dollar.
  3. 2005 On 21 July, China ends the renminbi’s fixed peg to the US dollar and moves to a managed float referenced to a basket of currencies.
  4. 2016 The renminbi joins the IMF’s Special Drawing Rights basket on 1 October.

Live exchange rates

Sources