RMB
The renminbi (abbreviated RMB; simplified Chinese: 人民币; traditional Chinese: 人民幣; pinyin: rénmínbì, IPA: [ʐə̌n.mǐn.pî]; lit. 'people's currency'; symbol: 元/¥; code: CNY) is the official currency of the People's Republic of China and one of the world's reserve currencies, ranking as the eighth most traded currency in the world as of April 2019.The yuan (Chinese: 元; pinyin: yuán) is the basic unit of the renminbi, but the word is also used to refer to the Chinese currency generally, especially in international contexts. One yuan divides into ten jiao (Chinese: 角; pinyin: jiǎo), and a jiao in turn divides into ten fen (Chinese: 分; pinyin: fēn). The renminbi is issued by the People's Bank of China, the monetary authority of China.
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