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About Chinese Yuan Renminbi (CNY)
What Is the Chinese Yuan (CNY)?
The renminbi (RMB), with the unit named yuan, is the official currency of the People's Republic of China. It is issued by the People's Bank of China. The yuan is the only legal tender in mainland China (with limited use in special administrative regions). In recent years, China has gradually opened up its currency: by 2022 the CNY had become the fifth-most-traded currency globally and was included in the IMF's Special Drawing Rights basket. Domestically, the yuan is tightly managed by the central bank, but it increasingly underpins trade with China's major trading partners.
What Is China's Digital Yuan (e-CNY)?
China has launched a central bank digital currency (CBDC) called the digital yuan or e-CNY. This electronic form of the renminbi is issued by the People's Bank of China and is designed to be fully equivalent to physical yuan (1 e-CNY = 1 CNY). It can be used for everyday payments via apps and has been tested extensively across the country. The e-CNY is being integrated with major payment platforms and has even been piloted for cross-border use (for example, with Hong Kong). In effect, the digital yuan represents China's move toward modernizing its currency system and potentially extending the reach of the CNY in international transactions, though it remains backed by the national monetary authority.
How to convert Chinese Yuan Renminbi to ELON’S CAT
ELON’S CAT price conversion tables
Chinese Yuan Renminbi | |
|---|---|
1 | -- |
2 | -- |
3 | -- |
5 | -- |
10 | -- |
25 | -- |
50 | -- |
100 | -- |
1,000 | -- |
Chinese Yuan Renminbi | |
|---|---|
1 | -- |
5 | -- |
10 | -- |
20 | -- |
50 | -- |
100 | -- |
200 | -- |
500 | -- |
1,000 | -- |
Recent Conversions
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| 2.82 TRY to DOGE | 49.92 TRY to SHIB | 15.64 BTC to CNY | 55.89 AZN to sUSDe | 57.71 BRL to WLD |
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Chinese Yuan Renminbi to ELON’S CAT performance history
Today vs. 24 hours ago
CNY (Chinese Yuan Renminbi) | Today at 11:36 AM | 24 Hours Ago | 24h Change |
|---|---|---|---|
| 1 CNY | -- | -- | -- |
| 5 CNY | -- | -- | -- |
| 10 CNY | -- | -- | -- |
| 50 CNY | -- | -- | -- |
| 100 CNY | -- | -- | -- |
| 1,000 CNY | -- | -- | -- |
Today vs. 30 Days ago
CNY (Chinese Yuan Renminbi) | Today at 11:36 AM | 30 Days Ago | 30d Change |
|---|---|---|---|
| 1 CNY | -- | -- | -- |
| 5 CNY | -- | -- | -- |
| 10 CNY | -- | -- | -- |
| 50 CNY | -- | -- | -- |
| 100 CNY | -- | -- | -- |
| 1,000 CNY | -- | -- | -- |
Today vs. 1 Year ago
CNY (Chinese Yuan Renminbi) | Today at 11:36 AM | 1 Year Ago | 1 Year Change |
|---|---|---|---|
| 1 CNY | -- | -- | -- |
| 5 CNY | -- | -- | -- |
| 10 CNY | -- | -- | -- |
| 50 CNY | -- | -- | -- |
| 100 CNY | -- | -- | -- |
| 1,000 CNY | -- | -- | -- |