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1 CNY = 11.9671 INR Interbank/ mid-market Rate at: 06-10-2024 18:47:57
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The Chinese Yuan is the currency of Peoples Republic of China. The currency code for Yuan Renminbi is CNY, and the currency symbol is . The yuan (Chinese:å…ƒ ; pinyin: yun) is the basic unit of the renminbi but is also used to refer to the Chinese currency generally, especially in international contexts where Chinese yuan is widely used to mention the Renminbi. The distinction between the terms renminbi and yuan is similar to that between sterling and pound, which respectively refer to the British currency and its primary unit. One yuan is subdivided into 10 jiao , and a jiao in turn is subdivided into 10 fen. The Renminbi is issued by the People's Bank of China, the monetary authority of China. The most popular China Yuan Renminbi exchange rate is the CNY to USD rate.
CNY Stats | CNY Profile |
Name :Chinese Yuan Renminbi | Central Bank : People's Bank of China Website:http://www.pbc.gov.cn |
Symbol : Jiao: 角 | Coins :Freq Used : 1, 5角, 1角 |
Minor Unit :1/10 = Jiao | Banknotes : Freq Used :5, 10, 20, 50, 100, 1 Rarely Used :2, 2角, 5角, 1角 |
Top LKR Conversion:CNY/USD | Users: china |
There are a number of reasons why BookMyForex should be your #1 choice to buy Chinese Yuan (CNY) or any other currency for that matter. Some of the reasons are listed down below:
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China has a rich history of over 3000 years, and Chinese currency existed in both Ancient and Imperial China. In 1914, the Silver Dollar was established as the official currency of the Republic of China, with copper, fen, and nickel coins being added in the 1930s. During this time silver appreciated in value, and China could no longer retain the silver standard. In 1935, a new currency known as Fabi, was issued.
The Gold Yuan replaced the Fab in 1948. That same year, the Yuan Renminbi (often called RMB) was introduced as a way to help stabilize the Communist held areas of mainland China. In 1955, a re-evaluation took place and a new Yuan Renminbi was introduced.
When China's economy opened in 1978, the Yuan Renminbi was only used domestically and foreigners used exchange certificates; this led to a powerful black market. From 1997 to 2005, the Chinese government pegged the Chinese Yuan Renminbi to the US Dollar. The Chinese government launched a pilot program in 2009, allowing some businesses in Guangdong and Shanghai to execute business and trade transactions with counterparties in Hong Kong, Macau, and select nations. The program has since expanded to all areas of China and all international counterparties. China has also made agreements with Australia, Japan, Thailand, Russia, and Vietnam to allow for direct currency trade, instead of converting to the US Dollar.
The Chinese Yuan is the currency of the China. The currency code for Chinese Yuan is "CNY". Click below to get more details and facts about Chinese Yuan, its ranking & rates.
Click below to check live CNY rates on BookMyForex.com. Easily place orders online to buy or sell CNY at real-time and transparent exchange rates for accurate currency conversion.
More infoThe Chinese Yuan is the currency of the China. The currency code for Chinese Yuan is "CNY". Click below to get more details and facts about Chinese Yuan, its ranking & rates.
BookMyForex.com is the best platform in India to convert CNY to INR. Click below to instantly convert CNY to INR at the best exchange rate.
More infoThe Chinese Yuan is the currency of the China. The currency code for Chinese Yuan is "CNY". Click below to get more details and facts about Chinese Yuan, its ranking & rates.
Make informed decisions about currency exchange. Click below to check CNY to INR forecast rates for the next 7 days, 30 days, and 90 days.
More infoCNY to INR forecast derived from the thorough analysis of CNY to INR exchange rate via moving averages, buy/sell signals & expert chart indicators. Click below to get a detailed CNY to INR forecast.
Analyze past trends with our comprehensive historical rate chart. Click below to check the CNY to INR rate chart for today, the last 7 days, the last 30 days, and the last 1 year.
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