What is the Chinese yuan equal to? Chinese money and coins, tips for visitors. Introduction of the modern yuan into use

What is the Chinese yuan equal to? Chinese money and coins, tips for visitors. Introduction of the modern yuan into use
What is the Chinese yuan equal to? Chinese money and coins, tips for visitors. Introduction of the modern yuan into use
24.11.2019
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Calculator CNY - RUB/ Reverse calculation: ruble to chinese yuan exchange rate

The Chinese yuan is the official currency of China. Currency code: CNY. Exchange currency: Fen, Jiao (1/100) (1/10). Currently common denominations are 1, 2, 5 jiao, 1, 5, 10, 20, 50, 100 Chinese yuan and coins: 1, 2, 5 fen, 0.1, 0.5, 1 yuan.

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7.58

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Charts

Dynamics of changes in the Chinese yuan exchange rate against the ruble, for 1 CNY:

  • during the week
  • per month
  • for the quarter
  • *graph illustrates hourly rate changes over the past seven days.

    max: 9.2228

    during the week:

    9.058

    Table of changes in the Chinese yuan exchange rate for the week: open

    dateWell+/-
    19.09 05:00 9.058 -0.0068
    19.09 04:00 9.0648 -0.0012
    19.09 03:00 9.066 -0.001
    19.09 02:00 9.067 +0.0051
    19.09 01:00 9.0619 -0.0029
    19.09 00:00 9.0648 -0.0118
    18.09 23:00 9.0766 +0.0096
    18.09 22:00 9.067 +0.0102
    18.09 21:00 9.0568 -0.0057
    18.09 20:00 9.0625 -0.0012
    18.09 19:00 9.0637 +0.0001
    18.09 18:00 9.0636 -0.01
    18.09 17:00 9.0736 +0.0094
    18.09 16:00 9.0642 +0.0013
    18.09 15:00 9.0629 -0.0189
    18.09 14:00 9.0818 -0.0108
    18.09 13:00 9.0926 -0.0035
    18.09 12:00 9.0961 +0.0051
    18.09 11:00 9.091 +0.0045
    18.09 10:00 9.0865 -0.0109
    18.09 09:00 9.0974 -0.002
    18.09 08:00 9.0994 +0.007
    18.09 07:00 9.0924 +0.0087
    18.09 06:00 9.0837 -0.0025
    18.09 05:00 9.0862 +0.01
    18.09 04:00 9.0762 +0.0062
    18.09 03:00 9.07 -0.0027
    18.09 02:00 9.0727 -0.0076
    18.09 01:00 9.0803 +0.0007
    18.09 00:00 9.0796 -0.0041
    17.09 23:00 9.0837 +0.0014
    17.09 22:00 9.0823 +0.0036
    17.09 21:00 9.0787 +0.007
    17.09 20:00 9.0717 -0.0014
    17.09 19:00 9.0731 -0.0021
    17.09 18:00 9.0752 +0.0044
    17.09 17:00 9.0708 +0.0164
    17.09 16:00 9.0544 +0.0146
    17.09 15:00 9.0398 -0.0058
    17.09 14:00 9.0456 -0.0013
    17.09 13:00 9.0469 -0.0003
    17.09 12:00 9.0472 +0.0065
    17.09 11:00 9.0407 +0.0092
    17.09 10:00 9.0315 +0.0054
    17.09 09:00 9.0261 -0.0002
    17.09 08:00 9.0263 +0.0016
    17.09 07:00 9.0247 -0.0128
    17.09 06:00 9.0375 -0.0067
    17.09 05:00 9.0442 -0.0117
    17.09 04:00 9.0559 -0.0003
    17.09 03:00 9.0562 -0.0021
    17.09 02:00 9.0583 +0.0004
    17.09 01:00 9.0579 -0.0011
    17.09 00:00 9.059 +0.0044
    16.09 23:00 9.0546 +0.0073
    16.09 22:00 9.0473 +0.0038
    16.09 21:00 9.0435 +0.0007
    16.09 20:00 9.0428 -0.0085
    16.09 19:00 9.0513 -
    16.09 18:00 9.0513 -0.0123
    16.09 17:00 9.0636 +0.0066
    16.09 16:00 9.057 -0.0096
    16.09 15:00 9.0666 -0.006
    16.09 14:00 9.0726 +0.0081
    16.09 13:00 9.0645 -0.0062
    16.09 12:00 9.0707 +0.0231
    16.09 11:00 9.0476 +0.0042
    16.09 10:00 9.0434 +0.0113
    16.09 09:00 9.0321 -0.0035
    16.09 08:00 9.0356 -0.0038
    16.09 07:00 9.0394 +0.0018
    16.09 06:00 9.0376 -0.0024
    16.09 05:00 9.04 +0.0149
    16.09 04:00 9.0251 -0.0109
    16.09 03:00 9.036 +0.0027
    16.09 02:00 9.0333 -0.0056
    16.09 01:00 9.0389 +0.0085
    16.09 00:00 9.0304 -0.0119
    15.09 23:00 9.0423 -0.0551
    15.09 22:00 9.0974 +0.0029
    15.09 21:00 9.0945 +0.0002
    15.09 20:00 9.0943 +0.0004
    15.09 19:00 9.0939 +0.0012
    15.09 18:00 9.0927 +0.0027
    15.09 17:00 9.09 -
    15.09 16:00 9.09 -
    15.09 15:00 9.09 -
    15.09 14:00 9.09 -
    15.09 13:00 9.09 -
    15.09 12:00 9.09 -0.0001
    15.09 11:00 9.0901 -
    15.09 10:00 9.0901 -
    15.09 09:00 9.0901 -
    15.09 08:00 9.0901 -
    15.09 07:00 9.0901 -0.0001
    15.09 06:00 9.0902 -0.0002
    15.09 05:00 9.0904 -0.0005
    15.09 04:00 9.0909 -0.0009
    15.09 03:00 9.0918 -0.0016
    15.09 02:00 9.0934 -0.0015
    15.09 01:00 9.0949 -0.0007
    15.09 00:00 9.0956 -0.0004
    14.09 23:00 9.096 +0.0003
    14.09 22:00 9.0957 +0.0005
    14.09 21:00 9.0952 -0.0006
    14.09 20:00 9.0958 +0.0002
    14.09 19:00 9.0956 -0.0004
    14.09 18:00 9.096 +0.0003
    14.09 17:00 9.0957 +0.0006
    14.09 16:00 9.0951 -0.001
    14.09 15:00 9.0961 -0.0016
    14.09 14:00 9.0977 +0.0004
    14.09 13:00 9.0973 +0.0137
    14.09 12:00 9.0836 -
    14.09 11:00 9.0836 +0.0001
    14.09 10:00 9.0835 +0.0001
    14.09 09:00 9.0834 -0.0002
    14.09 08:00 9.0836 -0.0002
    14.09 07:00 9.0838 +0.0004
    14.09 06:00 9.0834 -0.0002
    14.09 05:00 9.0836 -0.0063
    14.09 04:00 9.0899 +0.0055
    14.09 03:00 9.0844 -0.0023
    14.09 02:00 9.0867 -0.002
    14.09 01:00 9.0887 -0.0028
    14.09 00:00 9.0915 +0.002
    13.09 23:00 9.0895 +0.0004
    13.09 22:00 9.0891 -0.0001
    13.09 21:00 9.0892 +0.0143
    13.09 20:00 9.0749 +0.0012
    13.09 19:00 9.0737 -0.0029
    13.09 18:00 9.0766 -0.0108
    13.09 17:00 9.0874 +0.0077
    13.09 16:00 9.0797 +0.0118
    13.09 15:00 9.0679 -0.0089
    13.09 14:00 9.0768 -0.0006
    13.09 13:00 9.0774 +0.0003
    13.09 12:00 9.0771 -0.0346
    13.09 11:00 9.1117 -0.023
    13.09 10:00 9.1347 -0.0142
    13.09 09:00 9.1489 +0.0021
    13.09 08:00 9.1468 -0.001
    13.09 07:00 9.1478 +0.0003
    13.09 06:00 9.1475 +0.0003
    13.09 05:00 9.1472 +0.0011
    13.09 04:00 9.1461 -0.0016
    13.09 03:00 9.1477 -0.0005
    13.09 02:00 9.1482 +0.0005
    13.09 01:00 9.1477 +0.002
    13.09 00:00 9.1457 -0.0055
    12.09 23:00 9.1512 +0.0083
    12.09 22:00 9.1429 -0.0008
    12.09 21:00 9.1437 +0.0025
    12.09 20:00 9.1412 -0.0156
    12.09 19:00 9.1568 -0.004
    12.09 18:00 9.1608 -0.0291
    12.09 17:00 9.1899 +0.0193
    12.09 16:00 9.1706 +0.0091
    12.09 15:00 9.1615 -0.0178
    12.09 14:00 9.1793 +0.0001
    12.09 13:00 9.1792 -0.0111
    12.09 12:00 9.1903 -0.0029
    12.09 11:00 9.1932 -0.0237
    12.09 10:00 9.2169 +0.0029
    12.09 09:00 9.214 -0.0088
    12.09 08:00 9.2228 +0.0118
    12.09 07:00 9.211 +0.0066
    12.09 06:00 9.2044 +0.001
    12.09 05:00 9.2034
  • * The graph shows the dynamics of exchange rate changes at 12:00 GMT over the last 30 days.

    max: 9.4744

    per month:

    9.058
    Table of changes in the Chinese yuan exchange rate for the month: open
    dateWell+/-
    18.09.2019 9.0636 -0.0116
    17.09.2019 9.0752 +0.0238
    16.09.2019 9.0514 -0.0414
    15.09.2019 9.0928 -0.0032
    14.09.2019 9.096 +0.0193
    13.09.2019 9.0767 -0.0841
    12.09.2019 9.1608 -0.0301
    11.09.2019 9.1909 -0.0129
    10.09.2019 9.2038 +0.0024
    09.09.2019 9.2014 -0.0467
    08.09.2019 9.2481 +0.0016
    07.09.2019 9.2465 +0.0072
    06.09.2019 9.2393 +0.0124
    05.09.2019 9.2269 -0.0315
    04.09.2019 9.2584 -0.0775
    03.09.2019 9.3359 +0.0391
    02.09.2019 9.2968 -0.0245
    01.09.2019 9.3213 -0.0005
    31.08.2019 9.3218 +0.0072
    30.08.2019 9.3146 -0.0203
    29.08.2019 9.3349 +0.0206
    28.08.2019 9.3143 +0.0331
    27.08.2019 9.2812 +0.0415
    26.08.2019 9.2397 -0.0658
    25.08.2019 9.3055 +0.0003
    24.08.2019 9.3052 +0.0198
    23.08.2019 9.2854 +0.0078
    22.08.2019 9.2776 -0.0533
    21.08.2019 9.3309 -0.1083
    20.08.2019 9.4392 -0.0352
    19.08.2019 9.4744
  • * The graph shows the dynamics of exchange rate changes at 12:00 GMT over the past 3 months.

    max: 9.4744

    for the quarter:

    9.058
    Table of changes in the Chinese yuan exchange rate for the quarter: open
    dateWell+/-
    18.09.2019 9.0636 -0.0116
    17.09.2019 9.0752 +0.0238
    16.09.2019 9.0514 -0.0414
    15.09.2019 9.0928 -0.0032
    14.09.2019 9.096 +0.0193
    13.09.2019 9.0767 -0.0841
    12.09.2019 9.1608 -0.0301
    11.09.2019 9.1909 -0.0129
    10.09.2019 9.2038 +0.0024
    09.09.2019 9.2014 -0.0467
    08.09.2019 9.2481 +0.0016
    07.09.2019 9.2465 +0.0072
    06.09.2019 9.2393 +0.0124
    05.09.2019 9.2269 -0.0315
    04.09.2019 9.2584 -0.0775
    03.09.2019 9.3359 +0.0391
    02.09.2019 9.2968 -0.0245
    01.09.2019 9.3213 -0.0005
    31.08.2019 9.3218 +0.0072
    30.08.2019 9.3146 -0.0203
    29.08.2019 9.3349 +0.0206
    28.08.2019 9.3143 +0.0331
    27.08.2019 9.2812 +0.0415
    26.08.2019 9.2397 -0.0658
    25.08.2019 9.3055 +0.0003
    24.08.2019 9.3052 +0.0198
    23.08.2019 9.2854 +0.0078
    22.08.2019 9.2776 -0.0533
    21.08.2019 9.3309 -0.1083
    20.08.2019 9.4392 -0.0352
    19.08.2019 9.4744 +0.0341
    18.08.2019 9.4403 -0.002
    17.08.2019 9.4423 +0.0154
    16.08.2019 9.4269 +0.0148
    15.08.2019 9.4121 +0.0209
    14.08.2019 9.3912 +0.1451
    13.08.2019 9.2461 -0.0506
    12.08.2019 9.2967 +0.0458
    11.08.2019 9.2509 -0.0048
    10.08.2019 9.2557 -0.0095
    09.08.2019 9.2652 +0.0102
    08.08.2019 9.255 -0.0121
    07.08.2019 9.2671 -0.0213
    06.08.2019 9.2884 +0.0518
    05.08.2019 9.2366 -0.1735
    04.08.2019 9.4101 +0.0032
    03.08.2019 9.4069 -0.01
    02.08.2019 9.4169 +0.1449
    01.08.2019 9.272 +0.0528
    31.07.2019 9.2192 -0.0062
    30.07.2019 9.2254 +0.0133
    29.07.2019 9.2121 +0.0039
    28.07.2019 9.2082 +0.032
    27.07.2019 9.1762 -0.0384
    26.07.2019 9.2146 +0.0372
    25.07.2019 9.1774 +0.0035
    24.07.2019 9.1739 -0.0276
    23.07.2019 9.2015 +0.0379
    22.07.2019 9.1636 +0.0047
    21.07.2019 9.1589 -0.0007
    20.07.2019 9.1596 +0.004
    19.07.2019 9.1556 -0.0084
    18.07.2019 9.164 +0.0165
    17.07.2019 9.1475 +0.0132
    16.07.2019 9.1343 +0.0223
    15.07.2019 9.112 -0.0471
    14.07.2019 9.1591 +0.0032
    13.07.2019 9.1559 -0.0234
    12.07.2019 9.1793 +0.0244
    11.07.2019 9.1549 -0.0473
    10.07.2019 9.2022 -0.0697
    09.07.2019 9.2719 +0.0264
    08.07.2019 9.2455 -0.0083
    07.07.2019 9.2538 +0.0002
    06.07.2019 9.2536 -0.0014
    05.07.2019 9.255 +0.0188
    04.07.2019 9.2362 +0.012
    03.07.2019 9.2242 +0.0112
    02.07.2019 9.213 +0.0383
    01.07.2019 9.1747 -0.0415
    30.06.2019 9.2162 -0.0003
    29.06.2019 9.2165 +0.0431
    28.06.2019 9.1734 +0.0001
    27.06.2019 9.1733 +0.0148
    26.06.2019 9.1585 +0.0234
    25.06.2019 9.1351 -0.0132
    24.06.2019 9.1483 -0.027
    23.06.2019 9.1753 -0.0033
    22.06.2019 9.1786 -0.0202
    21.06.2019 9.1988 +0.0003
    20.06.2019 9.1985

Please note that the quoted exchange rate of the Chinese yuan to the ruble is not the bank's sale or purchase rate of currency. We present the average market rate, which is the average value between purchase and sale. When planning your trip to any country, you can roughly predict possible expenses and calculate the amount of money needed for the trip. But it is worth keeping in mind that the real exchange rate of the Chinese yuan in the country's exchange offices will differ slightly from that given here, because the markup when buying or selling will be set by the specific bank or exchange office you contact.

History of the Chinese Yuan, useful information for tourists

The modern currency of the People's Republic of China is the Chinese yuan. This currency is one of the world's reserve currencies. Its international letter designation is CNY. The second unofficial name for this payment unit is Renminbi. In the 19th century, silver liang, which had a silver standard, was used as money in China. It was equated to 37.5 grams of pure silver. At the same time, the Chinese used Spanish dollars and Mexican pesos as coins and banknotes. Until 1930, it was in the Lyans that taxes were collected from the people. The yuan was introduced into circulation in 1889, and 40 years later the updated yuan was introduced. This happened after the Xinhai Revolution of 1930. In 1936, coins began to be minted. In addition to these monetary units, in parallel with the yuan, banknotes in customs gold units were also in circulation in the country. In 1935, the Chinese Government carried out a reform and abolished the silver standard of the local currency. This decision will lead to hyperinflation in the country in 6 years, and 6 types of banknotes in denominations from 500 to 10,000 yuan will be introduced into circulation. In 1948, the gold yuan was issued, which, despite its own name, was not tied to the precious metal. It quickly depreciated. At the end of the same year, the People's Bank of the country opened, which was engaged in the withdrawal of banknotes and exchange for their own banknotes - Renminbi. In the same 1948, the first series of yuan with banknotes of 62 design options will be released. To date, 5 series of banknotes have been developed and released into the market in the People's Republic of China.

One of the symbols of the country, as well as a sign of the strength of the state in economic terms, is its currency. For the world community, each currency has its own meaning and designation. Market economies around the world are tied to certain basic monetary units. It's about about the US dollar, which largely determines pricing policy, the euro, the basis of European markets. Also quickly in world economy China and its currency burst in. The yuan currency has long been used in this country.

Introduction of the modern yuan into use

The beginning of the existence of this currency can be dated back to the nineteenth century, but the yuan determined its more modern status in 1948, when at the same time the controlling authority for monetary use, the People's Bank of China, was created, and the country's unified monetary unit was recognized.

Yuan graphic symbol

But another stage of development was the second in 1955, as a result of which its first graphic designation appeared. It was during this period that the yuan as a currency acquired its symbol, which is still relevant today. It is not surprising that its designation was adopted in the form of the first Latin letter in the spelling of the name of this currency. In addition, parallel horizontal lines were added to the designation. Their goal was to create a distinctive effect from the Chinese character, which means “ruin, fork.”

To determine the Chinese currency, a fairly simple graphic symbol is used. Yuan is depicted this way: Ұ. Exactly one lane is provided for by the current rules, but this is only theoretical. In all places where it becomes necessary to define a currency like the yuan, they use a symbol that is very similar to the same Latin letter, but only with two horizontal lines: ¥. This connection arose due to the fact that the names of the Japanese and Korean currencies come from the original Chinese character, which was already mentioned and which means “ruin, fork.” Also, this graphical nuance is explained by the settings in software systems computer equipment. Simply put, the default Chinese font is SimSun, where the character is represented with a single stripe. To still print it as originally intended, you need to select the MingLiu font in the settings.

Features of using the yuan graphic symbol

There is also another feature of the Chinese yuan designation. It is customary that all currency signs are indicated after the amount. But it is the yuan symbol that is placed in front of it that distinguishes it from the US dollar, euro and many other currencies. An example of reflection would be writing the price on goods where they are indicated in this way: ¥34 if the purchase costs 34 yuan.

Except graphic designation Chinese yuan, there is another option for defining the currency without its actual existence. To bring all world norms into uniform standards, there is an organization that is responsible for determining all international indicators into one system. The International Organization for Standardization, abbreviated and more recognizable as ISO, has also created a standard for designating world monetary units when conducting foreign exchange transactions. ISO 4217 defines a three-digit digital code for the purchase or sale of a currency in order to regulate global financial markets. The first two characters indicate the country where the unit originates, the third character shows the name of the currency, basically the first letter. The yuan currency looks like CNY, that is, CHINA YUAN.

Additional letter designation of the yuan

The Chinese yuan is also known as renminbi, which is more understandable to the Chinese as “the people’s currency.” This name also could not go unnoticed, so there is a designation different from CNY. Yuan is also written as RMB - from Renminbi. The first variant of the letter reflection is more often used, since this yuan sign corresponds to the officially approved name of the currency. As for the second encoding, the decoding “people's money” and in calculations is more used only in the Chinese economy.

Digital version of the yuan symbol

For encoding when carrying out there is also its digital designation. It is customary to display the yuan as a number equal to 156. Information about this code is useful for bank employees, accountants, economists, and all those who conduct transactions in this monetary unit in operational programs. This is exactly how currencies are displayed in digital documents. Simply enter code 156 - and immediately next to the amount the name of the currency or the letter designation of the Chinese yuan will be displayed. This type of writing helps to simplify the maintenance of financial documents and reduce possible errors when displaying world monetary units.

Universal symbol of world currencies

There are different currencies of the world, the designations of which are widely known. Each of them not only systematizes the entire money market, but also contributes to effective implementation transactions between enterprises in different countries, as well as economic consolidation. In addition to codes and monetary units of specific states, there is also a symbol that is accepted as a universal sign to denote any currency. It is mainly used when a transaction is made in a rarely used monetary unit or one that does not have its own designation. This graphic symbol looks like this: “¤”. It first appeared in the global economy in 1972. At that time, they decided to use it to replace the familiar American dollar sign in the process of formation financial statements on the computer. It was originally planned that $ could play the role of a universal symbol. That is why the Europeans used a different sign, since they were very opposed to the fact that the dollar with its designation would come to the forefront. In those days, in the first software systems, even the universal currency sign and the dollar sign had the same ASCII encoding. But after some time, a code was introduced for “¤” in the Unicode code table.

Thus, it was decided to use “¤” as a universal sign of money. To determine and specify in what currency a particular operation is carried out, it is necessary to carefully study full text a document where the designation for all currencies is used, that is, writing the sign “¤” with a digital symbol means the sum of units of a certain currency equal to these numbers.

Instead of output

Signs are always and everywhere present in the life of any person. Monetary symbols are no exception. Each of them carries a semantic load. The Chinese yuan was no exception, like all currencies of the world. Their designations have their own meaning, and also, as experts in the popular Feng Shui teaching in this country can say, influence on the development of the entire economy of the state and its prosperity. The current complete success of almost all industries in China makes it clear that the currency designations were chosen correctly.

Renmenbi (simplified Chinese: 人民币; traditional Chinese: 人民幣; pinyin: rénmínbì; literally "people's money") is the currency of China People's Republic(PRC), whose main unit is the yuan (simplified Chinese: 元 or 圆; traditional Chinese: 圓; pinyin: yuán; Wade-Giles: yüan), subdivided into jiao (角), each consisting of 10 fen (分 ).

The Renmenbi is issued by the People's Bank of China, the monetary authority of the People's Republic of China. The ISO 4217 designation is CNY, although the variant "RMB" is often used. The romanized symbol is ¥.

Etymology

During the Republican period, many varieties of currency circulated in China, most of which were denominated in "renminbi". They were divided by name - fabi (legal tender), "golden yuan", "silver yuan". The word "yuan" literally means "round" - from the shape of the coins. The Korean and Japanese currencies, respectively the won and the yen, are relatives of the yuan and are denoted by the same Chinese sign (hanya/kanyi), although in different forms(원/圓 and 円/圓). In Korean and Japanese these words mean "round". They have different names for smaller units.

Zhenmenbi means "people's money". When the Chinese Communist Party seized vast territories at the end of the civil war, the People's Bank of China began issuing a single currency in 1948 for use in those territories. This currency is denominated in RMB, but is known by several names, including "Bank Notes of the People's Bank of China" (traditional Chinese: 中國人民銀行鈔票; simplified Chinese: 中国人民银行钞票; since November 1948), "New Currency" ( traditional Chinese: 新幣; simplified Chinese: 新币; since December 1948), "Banknotes of the People's Bank of China" (traditional Chinese: 中國人民銀行券; simplified Chinese: 中国人民银行券; since January 1949), "People's Banknotes" ( 人民券 - abbreviation) and, finally, “people's money” or “renmenbi” from June 1949.

First series, 1948-1955

The first series of renmenbi were issued by the People's Bank of China in December 1948, about a year after the Communist Party's victory in civil war. They existed only in the form paper money and replaced various monetary units that were in circulation in communist-controlled areas. One of the first tasks of the new government was to combat the hyperinflation that had struck China in last years Cuomintang era. In 1955 there was a revaluation. One new yuan was now equal to 10 thousand old ones.

Banknotes

On December 1, 1948, the newly founded People's Bank of China issued banknotes in denominations of 1, 5, 10, 20, 50, 100 and 1000 yuan. Banknotes of 200, 500, 5000 and 10,000 yuan appeared in 1949, and in 1950 - 50,000 yuan. 62 design options were used. Banknotes were officially abolished between 1 April 1955 and 10 May 1955.

The first banknotes bore the words "People's Bank of China", "Republic of China" and the denomination written in Chinese characters in Dong Biwu's handwriting.

The official name "renmenbi" was first recorded in June 1949. After development of a new series began in 1950, the old banknotes were belatedly called the "first series of renmenbi".

Second yuan renminbi, 1955–present

The second series of banknotes appeared in 1955. During the period of the administrative-command system, unrealistic exchange rates of the renminbi were set against Western currencies and the most severe exchange rules were used. With the opening of the Chinese economy in 1978, a dual currency system emerged - the renminbi was used only within the country, and certificates existed for trade with foreigners. The unrealistic exchange rate led to the emergence of a black market.

In the late 1980s and early 1990s, the PRC worked to make the renminbi a convertible currency. With the help of exchange centers, it was possible to bring the exchange rate to a realistic level and get rid of the double system.

Renminbi are suitable for current accounts, but not for capital movements. The goal is to make this currency fully convertible. But, partly because of the Asian financial crisis 1998, the PRC is not confident that the financial system can withstand the rapid foreign movements of “hot money”. As a result, in 2007 the Chinese government allowed currency operations within limited limits.

Coins

In 1955, aluminum coins of 1, 2 and 5 fen appeared. In 1980, brass coins of 1, 2 and 5 jiao and copper-nickel coins of 1 yuan were added. Coins of 1 and 2 jiao survived only until 1981, and coins of 5 jiao and 1 yuan - until 1985. In 1981, new coins appeared - aluminum coins of 1 jiao, brass coins of 5 jiao and 1 yuan coins made of nickel-plated steel. The minting of 1 and 2 fen coins ceased in 1991, and the 5 fen coins ceased a year later. New coins of 1 and 5 jiao and 1 yuan appeared in 1999-2002. Fen and jiao are practically not needed because prices have increased. Chinese merchants avoid fractional prices (eg ¥9.99), preferring whole prices (9 or 10 yuan).

Coins are used differently in different places. For example, in Shanghai and Shenzhen, coins are more often used for goods under 1 yuan, while in Beijing and Xi'an, banknotes are used.

Banknotes

In 1955, banknotes of 1, 2 and 5 fen, 1, 2 and 5 jiao, 1, 2, 3, 5 and 10 yuan (the date 1953) appeared. These denominations, with the exception of the fen and 3 yuan, continue to circulate. In 1980, they added banknotes of 50 and 100 yuan, and in 1999 - 20 yuan.

The denomination of each banknote is indicated in Chinese. The numbers themselves are given by digital icons and Arabic numerals. The denomination and the words "People's Bank of China" appear on the back of the note in Yi, Mongolian, Tibetan, Uyghur and Tsuang. On the obverse of the coin, the denomination is indicated in Chinese braille - starting from the fourth series.

Second series

The second series of renmenbi banknotes (the first was used for the previous currency) appeared on March 1, 1955. Each note bore the words "People's Bank of China" and the denomination in Uyghur, Tibetan and Mongolian. There are banknotes of ¥0.01, ¥0.02, ¥0.05, ¥0.1, ¥0.2, ¥0.5, ¥1, ¥2, ¥3, ¥5 and ¥10.

Third episode

The third series of renmenbi banknotes appeared on April 15, 1962. For the next 20 years, series 2 and series 3 banknotes were used simultaneously. Series 3 banknote denominations are ¥0.1, ¥0.2, ¥0.5, ¥1, ¥2, ¥5 and ¥10. They fell out of use in the 1990s, and were finally abandoned on July 1, 2000.

Episode four

The fourth series appeared between 1987 and 1997, although the dates on the banknotes are 1980, 1990 or 1996. They are still in circulation. Denominations: ¥0.1, ¥0.2, ¥0.5, ¥1, ¥2, ¥5, ¥10, ¥50 and ¥100.

Episode five

In 1999, the fifth series of banknotes was gradually introduced. It includes banknotes in denominations of ¥1, ¥5, ¥10, ¥20, ¥50 and ¥100.

Likely future design options

On March 13, 2006, delegates to an advisory body to the People's Congress proposed to feature Sun Yat-sen and Deng Xiaoping on banknotes. But this proposal is still far from being implemented.

1 Yuan


2 Yuan


10 Yuan


20 Yuan


50 Yuan


100 Yuan


Use outside China

Two administrative regions, Hong Kong and Macau, have their own currencies. In accordance with the principle of "one country, two systems" and the basic laws of the two territories, national laws do not apply. Therefore, the Hong Kong dollar and pataca remain legal means of payment in these territories, but the renminbi is not.

RMB is the second most popular currency in Hong Kong and is becoming the main one. Banks in Hong Kong allow you to open accounts in Renminbi.

Zhenmenbi existed in Macau even until 1999, when the territory returned to the PRC from Portuguese possession. Banks in Macau use credit cards based on renminbi, but do not provide loans. The casinos do not accept such credit cards.

The Chinese government in Taiwan believes that the use of renmenbi will create a secret economy and undermine sovereignty. Tourists in Taiwan are allowed to carry 20 thousand renmenbi with them. This money must be exchanged for Taiwanese dollars at trial exchange offices in Matsu and Kinmen. The Chin Shui-bian administration insists it will not allow a full currency conversion until China signs a bilateral foreign exchange agreement. President Ma Ying-jeo promises to allow currency conversion as soon as possible.

Cambodia and Nepal use renminbi as their official currency, while Laos and Myanmar allow its use in border provinces. Vietnam allows the exchange of renmenbi for dong, although unofficially.

Exchange rate

Ten years before 2005, the Chinese currency was artificially maintained at 8.2765 yuan to the US dollar. On July 21, 2005, the People's Bank of China revalued the yuan to 8.11 to the dollar, abandoned artificial exchange rate support and switched to a floating exchange rate based on supply and demand. The dollar to renminbi ratio can vary within 0.3% at the central bank parity. On May 18, 2007, the bank expanded this limit to 0.5%. The bank says the basket of currencies is dominated by the US dollar, euro, Japanese yen and Korean won, with British pounds, Thai baht, Russian rubles and Australian, Canadian and Singapore dollars less so.

On April 23, 2008, one US dollar was worth 6.9837 yuan, that is, the yuan rose by 18.51% - this is the highest rate since the lifting of the artificial limit. On April 10, 2008, the dollar was worth 6.9920 yuan - this is the first time in more than 10 years that the dollar was cheaper than 7 yuan.

Yuan - Chinese dollar, is the name of many monetary units that were used in China.

Where does "yuan" come from?

IN Chinese The name “yuan” is used by the base units of any currency, for example, the US dollar is called “mei yuan” (美元). However, in the international monetary system, the word refers to the Chinese yuan, less commonly the Hong Kong dollar, and the Macau pataca.

In fact, the yuan is a unit of measurement, and the renminbi is a measured currency, similar to the pound sterling. In colloquial speech you can often find “kuai” and “mao” instead of the yuan.

Yuan etymologically means "round coin" or "round object". This is the name that round silver coins bore during the Qing Dynasty.

On this moment use two forms of the currency symbol - the usual notation - 元, as well as the formal, more complex notation - 圓 or 圆, it is used in financial documents and helps prevent errors and forgeries. Recently, in China, the Chinese dollar is denoted by the sign Ұ (with one horizontal line).

The history of the yuan

At the beginning of the 20th century, the role of the main monetary unit of China was played by the silver liang, which was equal to 100 fen and 10 mao. Larger payments were made in iambic silver bars, weighing up to 50 liang. For rural areas Ancient copper coins—keshi and tsian—were not rare. It is worth noting that coins and banknotes of various foreign countries were widespread.

The yuan began to be issued in the form of silver coins in 1835, but this did not affect the circulation of the liang, which continued to be used in calculating customs duties and taxes.

On April 6, 1933, a law was passed on the unification of the monetary system, but in fact this did not lead to the establishment of a single currency. As before, the currencies of various foreign countries, the Manchu yuan (Gobi) of Northeast China, the yuan of Inner Mongolia, the sang in Tibet, and the Xinjiang yuan were widely used.

Until 1935, China had a silver standard. And the exchange rate of the Chinese currency was determined by world silver prices. On October 15, 1934, the Chinese dollar moved away from the price of silver due to the imposition of a duty on silver exported from China.

After the monetary reform of 1935, silver yuan were withdrawn from circulation, and they were replaced by paper banknotes - "fabi". The government announced the abolition of the silver standard and the transition to a gold-based currency, but the coins themselves did not contain a fixed percentage of gold. Excessive paper money emission caused the yuan inflation. In 1935, the exchange rate of the Chinese dollar against the US dollar reached 3.36 yuan per $1, and in August 1946, 3,350 yuan per $1.

After the currency reform of 1948, the gold content of the yuan was set at 0.22217 g, in addition, new paper money was issued, which was called “golden yuan”. The exchange rate to the US dollar was set at 4 “golden yuan” per $1, but on December 12, 1948, after devaluation, it reached 20 yuan per dollar.

As areas that were liberated by the communist People's Liberation Army were reunited, local banks merged. At the end of 1948, the People's Bank of China was created. Local money that was issued in various liberated areas, were withdrawn from circulation, and were replaced by banknotes of the People's Bank of China.

On the territory of Manchuria, the Soviet armed forces used banknotes printed in the USSR in denominations of 1, 5, 10, 100 yuan; such banknotes were issued until May 1946.

After the formation of the People's Republic of China money turnover placed under strict state control throughout the state. For each district, the exchange rate of local money was established, taking into account social status holders and their purchasing power. The main part of the exchange was completed by 1952, and in Tibet in 1959. The exchange rate of old money for new money was 10,000:1.

Until 1974, the Chinese dollar was pegged to the pound sterling, and later to the US dollar. Since 1994, the Chinese authorities have pursued a policy of maintaining the yuan exchange rate to the US dollar at 8.27:1. June 2005 was a turning point for the Chinese currency; the country abandoned its peg to the dollar and made the transition to quoting the Chinese dollar based on a currency basket.

Everything you didn't know about Chinese dollars but should know

An interesting feature of Chinese money is that all of them, including change fen and jiao, are issued in the form of banknotes. In general, coins are used much less than banknotes. Their use is most often limited to self-service terminals and vending machines at metro stations.

New coin designs were introduced between 1999 and 2002. Coins in denominations of 1.5 jiao, 1, 2.5 fen and 1 yuan first appeared in 1999. However, small fen are practically not used, and preference is given to jiao and 1 yuan coins. On the reverse of the coins, the denomination was placed in the center in a number, on the right - the denomination in a hieroglyph, on the left - in pinyin. 1 jiao is made of acmonital and has an orchid flower on its obverse; steel 5 jiao is easily recognized by a lotus flower with a leaf, and 1 yuan by a chrysanthemum flower.

At the moment, the main circulation includes banknotes issued from 1999 to 2005 in denominations from 1 to 100 yuan. The banknotes have an identical design, which differs only in the degree of protection, the presence of a hologram, a raised inscription, and a transparent window.

The obverse of Chinese dollars features the denomination in Chinese, as well as an image of the coat of arms of China in Braille, which is accessible to blind people. The reverse is an image of Mao Zedong, one of the most revered politicians in China of the past, denomination in four languages: Yizu, Tibetan, Mongolian, Zhuang.

In addition to the above identical elements, the reverse of the banknotes contains a number of other images:

  • 1 CNY has a dark green/sand color, size - 63x130mm and an image of a view of Xihu Lake;
  • 5 CNY is easily recognizable by its range of colors: yellow, pink and purple background; banknotes have a size of 63x135 mm and an image of the Changyang Gorge;
  • 10 CNY combines gray, blue and pink colors, has a size of 70x140 mm and an image of the three rapids of the Yangtze;
  • 20 CNY - brown-orange bills measuring 70x145 mm and depicting the Yellow River;
  • 50 CNY - green and pink banknotes measuring 80x165 mm with an image of the Potala Palace in Lhasa;
  • 100 CNY combines purple, red and purple colour, have a size of 77x155 mm and an image of the People's Congress Palace in Beijing.

In addition to banknotes that are in constant circulation, coins and banknotes are issued to mark important dates. In June 2011, the world saw the “90th Anniversary of the Chinese Communist Party” coin, which was minted from brass. The reverse features the coat of arms, doves (as a symbol of peace), peonies and the words “90 years of the Chinese Communist Party.”

The 2011 New Year 5 Yuan coin can be easily recognized thanks to the image of a girl holding a windmill and a rabbit on the reverse; On the obverse there is a pinyin denomination - “YI YUAN”.

Ritual money of "afterlife" China

A curious feature of China's currency system is the presence of so-called “afterlife bank money.” Their main purpose is to ensure the life of the dead in the afterlife. During the funeral ritual, money is burned in special ovens that are installed at temples.

Also, ritual money is “given” to the lord of hell, Yanluo Wang, as a “bribe” to avoid punishment during the trial. Such banknotes are easily recognized by the image of the Bank of the Underworld, the Jade Emperor and the world's deceased celebrities, for example, John Kennedy. Ritual banknotes can have very high denominations: 500, 10,000, and even 500,000,000 Chinese “afterlife” dollars.

Using Chinese dollars outside of China

Two administrative regions - Hong Kong and Macau - have their own currencies. Following the principle of "one country, two systems" and the basic laws of the two territories, national laws do not apply. For this reason, pataca remains the main method of payment in these territories, while renmenbi are not.

Chinese dollars circulated in Macau until 1999, when the territory was annexed by the PRC. Macau banks actively use credit cards opened in renminbi, but do not issue loans. In addition, the casino does not accept such credit cards.

Tourists in Taiwan are allowed to carry 20,000 renmenbi. Money is exchanged for Taiwanese dollars at the Kinmen and Matsu exchange offices.

Cambodia and Nepal use renminbi as their official currency, while Myanmar and Laos allow its use in border provinces. In Vietnam, informal exchange of renmenbi for dong is allowed.

Determining the authenticity of Chinese dollars

Although Chinese dollars have high degree protection, counterfeit banknotes are still found in circulation. Among the counterfeits, the most common bills are 50 and 100 yuan.

  1. The most popular and easiest way to determine authenticity is to run your finger over the image of Mao Zedong (by the hair); the structure of the hair can be felt on the surface of the real banknote.
  2. To everyone else in a known way detecting counterfeits is checking for light watermarks. Real banknotes have a well-drawn watermark with clear borders. On a counterfeit bill, the sign may be unclear, blurry, or painted on top of the paper with yellowish or gray paint.
  3. When examining the bill at an angle below the denomination of the banknote, you can notice a bluish halo around the ornament.

Exchange Rate Outlook

After its creation, the Chinese dollar was firmly pegged to the US dollar. Until the 1970s, the Chinese currency exchange rate was 2.46 yuan per $1, by 1980 it increased to 1.5 yuan per $1. Due to China's economic reform, the national currency became more export-oriented in the 1980s.

To make its goods cheaper and improve competitiveness, the Chinese government has lowered the exchange rate of the yuan. For this reason, by 1994 the exchange rate dropped to 8.62 yuan per dollar. This figure was the lowest in history. The undervalued exchange rate of the Chinese dollar has caused complaints from the international community, especially the United States.

The negative trade balance received by the United States in trade with China in 2006 reached an amount that amounted to $162 billion in dollars, which entailed a decrease in economic growth. China was under constant pressure from Japan, the EU and the United States, which were committed to liberalizing the yuan exchange rate and its free conversion.

In 2005, China abandoned its currency peg to the dollar, making it dependent on a currency basket. The currency basket is dominated by the Euro, US dollars, South Korean won, Japanese yen; the Thai baht, British pound, Russian ruble, Australian, Canadian and Singapore dollars are of lesser importance. In addition, the yuan exchange rate strengthened to 8.11 yuan per $1.

In addition, the liberalization of the Chinese currency exchange rate is associated with the permission to vary the price of the yuan during trading on the foreign exchange market by 0.3% of the value published by the People's Bank of China. In 2007, the limits were increased to 0.5%. In 2008, the Chinese currency traded for the first time at less than 7 yuan per $1. Since 2006, the yuan has strengthened by 22%.

Many experts agree that at the moment the yuan remains undervalued by 37%. During the global financial crisis, the yuan was unofficially pegged to the US dollar.

The Chinese yuan is the official currency of the People's Republic of China (abbreviated as China or PRC). The word “yuan” translated into Russian means “circle” or “round coin”.

“Yuan” is the name of the PRC currency used exclusively abroad. The internal name of the currency is renminbi or, as is customary in Latin writing, Renminbi, which translated into Russian means “people's money”.

Briefly about the formation of the Chinese yuan

CNY

Banknotes modern look began its history in China in 1948. It was then that the People's Bank of China was created, which received the exclusive right to issue banknotes in the country. In 1948, the People's Bank of China issued the first "people's money" and began reform to transition to a single currency. The exchange rate for old banknotes was 3 million for 1 new yuan. The reform to remove old banknotes from circulation was not carried out at once, but as all provinces of the country united. Finally, local banknotes were replaced by a single currency of the state by 1952, and in Tibet - by 1959.

So far, the single Chinese currency, the yuan, is not freely convertible, since with the active development of the Chinese economy, the banking sector is regulated by the state, and the yuan exchange rate remains pegged to the US dollar. Until 1974, the official exchange rate of the yuan was set by the People's Bank of China in relation to the British pound sterling and the Hong Kong dollar, and later – to the US dollar and a basket of world currencies. Since 1994, RMB long time was fixed at 8.27 yuan per dollar, and since the summer of 2011 the official rate was 6.46 yuan per dollar. As of June 22, 2018, the Central Bank of China fixed the yuan-dollar exchange rate at 6.48 yuan per dollar.

Without moving to the free convertibility of the yuan, China is gradually increasing the importance of its national currency in international economics. Thus, in 2010, a number of countries pegged their currencies to the yuan ( South Korea, Indonesia, Malaysia, Philippines, Taiwan, Singapore and Thailand).

In 2016, the International Monetary Fund included the Chinese Yuan in the Special Drawing Rights (SDR) basket, recognizing that it " important stage in integrating the Chinese economy into the global financial system." The yuan became the third-largest currency in the IMF basket (10.92%), behind only the dollar (41.73%) and the euro (30.93%), but ahead of the Japanese yen (8.33%) and the pound sterling (8. 09%). Today the yuan is not one of the reserve currencies.

In Russia, interest in the Chinese currency has increased significantly in recent years, which is caused by an increase in trade turnover between the countries and the growth of tourist flows of the population of both countries. The exchange of cash yuan is not widespread in Russia. They work most actively with the yuan in Moscow and the regions of the Russian Far East, which is associated with Chinese imports and tourism. The yuan is rarely used as household deposits.

Chinese currency code and symbol

This is how the Chinese currency code and symbol are described in All-Russian classifier currency (OKV), which is developed on the basis international standard ISO 4217 All-Russian Research Institute of Classification, Terminology and Information on Standardization and Quality of the State Standard of Russia and the Central Bank of the Russian Federation:
  • Letter (Bank) code of the PRC currency – CNY.
  • Digital currency code – 156 .
  • The name of the currency of China is the yuan (Yuan)
  • Chinese currency symbol - ￥

Current banknotes and coins of China

The official currency of the People's Republic of China is the yuan. One yuan is equal to 10 jiao or 100 fen.

Currently in cash circulation in the People's Republic of China are the following types banknotes and coins:

  • Banknotes of the fourth series, which were introduced from 1987 to 1997. The bills are dated 1980, 1990 and 1996. The fourth series is gradually being withdrawn from circulation, but is still approved for use. Among the fourth series there is a rare 2 yuan banknote.
  • Banknotes of the fifth series of 1999-2005 were issued in denominations of 100, 50, 20, 10, 5, and 1 yuan, as well as 5, 2 and 1 jiao.
  • Commemorative banknote issued in 2000 – 100 yuan.
  • 2015 100 yuan banknote (updated banknote from the fifth series)
  • Coins - 1 yuan, 1 and 5 zhao, 5, 2 and 1 fen.
    Since the fourth series is gradually being withdrawn from circulation, I see no point in providing photos of these banknotes, with the possible exception of the 2 Chinese yuan banknote. There is no such bill in the fifth series of banknotes. In addition, the 2 Chinese yuan bill is rare and looks like this:


    2 yuan note


    Description of the 2 Chinese Yuan banknote:
    • Banknote size 2,145 x 63 mm.
    • The main color is green.
    • The front side drawing is of two girls, on the left is a girl of the people, and on the right is a Uyghur girl
    • Year of manufacture - 1990.

    Banknotes of the People's Republic of China of the fifth series

    China's cash circulation mainly contains banknotes of this series of yuan.

    The features of the fifth series yuan banknotes are as follows:

    • On the front side of paper banknotes of all denominations of the fifth series of 1999-2005 and 2015 there is a portrait of Mao Zedong, a Chinese statesman and politician, the main theoretician of Maoism, the 1st Chairman of the Central Committee of the Communist Party of China, flowers and the national emblem of China (on the left). The exception is the anniversary banknote issued in 2000.

      Without changing the basic elements of the appearance of 100 yuan, the People's Bank of China in 2015 released an updated banknote, on the front of which the number 100 is painted in gold. This banknote is rarely seen in circulation.

    • Each denomination of the banknote has its own type of color that is not repeated on other banknotes.
    • The reverse side of the banknotes depicts landscapes of the People's Republic of China. On the left is the national emblem of China.

    Photos of the current banknotes (Chinese yuan) of the People's Bank of China of the fifth series of 1999-2005, 2015 years of issue look like this:



    Brief description of the fifth series of Chinese Yuan notes from 1999-2005 and later 100 yuan notes:


    YuanYears of manufactureBanknote sizeBanknote color and flower typeDescription of Obverse.Description of Reverse
    1 yuan130 by 63 mm.yellow-green color with an orchid design and watermarkOn the right is Mao Zedong - Chinese statesman and politician, the main theoretician of Maoism, 1st Chairman of the Central Committee of the Communist Party of China (1943 - 1976). On the left is the national emblem of China.River landscape in the Changyang Gorge (according to some sources - Lake Xihu.
    5 yuanBanknote from the fifth series of the Chinese Yuan 1999-2005135 by 63 mmpurple with daffodil pattern and watermarkOn the right is a portrait of Mao Zedong, a statesman and political figure, the main theoretician of Maoism. On the left is the national emblem of China.Landscape of Mount Taishan.
    10 yuanBanknote from the fifth series of the Chinese Yuan 1999-2005140 by 70 mmblue with rose design and watermarkLandscape of the Three Gorges Valley.
    20 yuanBanknote from the fifth series of the Chinese Yuan 1999-2005145 by 70 mmbrown with lotus pattern and watermarkOn the right is a portrait of Mao Zedong. On the left is the national emblem of China.Landscape of Guilin
    50 yuanBanknote from the fifth series of the Chinese Yuan 1999-2005150 by 70 mmgreen with a chrysanthemum pattern and watermarkOn the right is a portrait of Mao Zedong. On the left is the national emblem of China.Potala Palace in Lhasa city in Tibet - royal palace and Buddhist temple complex
    100 yuanBanknote from the fifth series of the Chinese Yuan 1999-2005155 by 77 mmOn the right is a portrait of Mao Zedong. On the left is the national emblem of China.
    100 yuan (anniversary)2000166 x 80 mmgold, red, russet and orangeA flying dragon is depicted in the center. The banknote was made on polymer based and is China's first polymer banknote. The banknote is protected by a watermark in the form of the number 2000, as well as transparent window with the temple. There is no security thread. Its role is played by a silver hologram on the front side, on which you can see the number 2000, depicted in Chinese and Roman numeralsimage modern building and national emblem
    100 yuan (applies to the fifth series with a higher degree of protection)Banknote from the fifth series of the Chinese Yuan, sample 2015. Release date: November 12, 2015155 by 77 mmred with a plum blossom design and watermarkOn the right is a portrait of Mao Zedong. On the left is the national emblem of China.House people's assemblies in Pekin
    100 yuan2015 - Space Science and Technology - China - AU156 by 77 mmBlue, purple and greenImages of two satellites: Shenzhou-9 (manned spaceship) at the moment of approach and docking with Tiangong-1 (space station)Images of a flying bird, airplanes and space objects.

    A photo of the current Chinese commemorative banknote (100 yuan) of the People's Bank of China issued in 2000 looks like this:


    100 yuan


    A photo of the current space science and technology note (100 yuan) - China - AU of the People's Bank of China from 2015 looks like this:


    100 yuan

    And the coins of the latest series of issue contain:

    • on the front side - the name of the bank and year of issue,
    • on the reverse side - on 1 yuan - the inscription RMB (three times; the coin is made of nickel coated with steel), on the 5 jiao - an image of a reed (made of copper coated with steel). The 1 jiao coin is smooth and made of aluminum alloy. Other denominations have not been issued since the end of the last century.


    Coins

    Russian banks are expanding opportunities for private clients by launching transactions for the purchase and sale of Chinese cash bills.
    So, for example, from June 20, 2018, PTB Bank launched operations for the purchase and sale of cash Chinese banknotes - yuan. Operations are carried out at the head office of the Bank, located at Ufa, Lenin St., 70.