Chinese Yuan (CNY)

News: Chinese Yuan

• Yuan's value becomes a political hot potato - The Australian (3 September 2010, 2:05 pm)
• China's yuan strengthens 30 basis points against USD - Xinhua News Agency (3 September 2010, 2:16 am)
• Stable renminbi will help internationalization moves - People's Daily Online (3 September 2010, 12:50 am)

Reports & Events: Chinese Yuan

• SouFun Holdings Ltd (SFUN) Sees IPO Price of $40.50 - $42.50/ADS - StreetInsider.com (3 September 2010, 12:53 pm)
• Bank of China Said to Plan Yuan Bonds in Hong Kong - San Francisco Gate (3 September 2010, 8:07 am)
• Heavy in dollars, China warns of depreciation - msnbc.com (3 September 2010, 3:20 am)

Discussions: Chinese Yuan

• Forex accounts affected by China's 'unstable' dollar reserves? - One Financial - Forex Discuss (3 September 2010, 3:33 pm)
• Risk on: China leading PMI could be good thing for growth... - babypips.com (1 September 2010, 3:28 pm)
• Swiss Central Bank Fallout and Some China Chit-Chat - babypips.com (2 July 2010, 1:50 pm)

Videos: Chinese Yuan

About the Chinese Yuan

The Chinese “yuan” (plural: n/a), also sometimes referred to as "Renminbi" is the official currency used in the People’s Republic of China. The official currency code (ISO) is “CNY” and it is symbolized by “¥”. It is sometimes referred to as "Renminbi", as that was the official name given to it by the Communist People's Republic of China in 1949, and literally translates to mean "people's currency". "Yuan" is the name of a unit of the "Renminbi" currency (e.g. the cost of a given item would be given in "Yuan"). The primary denominations include 1 and 5 jiǎo coins; 1 yuan coins (1 yuan = 10 jiao); and 1, 2, 5, 10, 20, 50, and 100 yuan paper bank notes. In China, decimal numbers are denoted using a point (e.g. 1.50). The Chinese yuan has a semi-fixed exchange rate, and is ostensibly pegged to the US dollar.

Central Bank: The People's Bank of China