Chinese Yuan
Chinese Yuan
The Chinese Yuan is a unit of the Renminbi, which is the official currency of the People’s Republic of China. The word Yuan means “round” in Chinese, and it is also used to refer to the currency units of Japan and Korea. The symbol for the Yuan is ¥, and the currency code is CNY
The Yuan has a history of over 3000 years, and it was originally based on the value of silver. The Yuan was decimalised in 1971, and divided into 100 fen. The Yuan has different denominations of banknotes and coins, with a common design featuring the portrait of Mao Zedong on one side, and various landmarks and cultural symbols on the other side. The Yuan is legal tender in all parts of China, regardless of their origin
The Yuan is managed by the People’s Bank of China, which is the central bank of China. The bank is responsible for setting the monetary policy and maintaining the price stability in the country. The bank also issues the Yuan banknotes and oversees the Yuan coins. The Yuan is a managed float, which means its value is determined by a basket of foreign currencies. The Yuan is also allowed to trade directly with some other currencies, such as the Australian dollar and the Japanese yen
The Yuan is a symbol of China’s economic power and influence, and a major player in the global financial system. It reflects the values and achievements of the Chinese people, and fosters a sense of pride and identity among them. The Yuan is more than just a currency, it is a part of China’s culture and history.
Below is the related paper currencies in Chinese Yuan.
Bermudian Dollar
Bermudian Dollar2009BMD1002009BMD102009BMD202009BMD22009BMD502009BMD5
Hungarian Forint
Hungarian Forint2015HUF100002018HUF10002017HUF200002016HUF20002017HUF50002018HUF500
US Dollar
The US Dollar is the currency of the United States of America and several other countries and territories. It is also the most widely used currency in international trade and finance, and the main reserve currency of the world. Here is a brief introduction of the US Dollar:The US Dollar was
Comorian Franc
The Comorian Franc is the official currency of the Comoros, a small island nation located in the Indian Ocean. It was introduced in 1981 to replace the French Franc, which had been in use since the country's colonial period. The currency is issued by the Central Bank of the Comoros and is available in both paper and coin form. The exchange rate of the Comorian Franc is determined by market forces and is subject to fluctuations. While the currency has faced some challenges in the past, such