Chinese yuan · CNY
¥ symbol · 1 country currently using this currency.
Currency info
Adopted: 1949
Currency family: Other
The Chinese yuan is the world's most traded currency by volume when including both onshore and offshore markets combined.
- Introduced by the People's Republic of China in 1949, replacing the Republic of China yuan
- The name 'yuan' derives from the Chinese word for 'round', referring to the shape of silver coins
- Pegged to the US dollar from 1949 to 2005, then allowed to float within a managed band
- Became increasingly internationalized in the 2010s, with offshore trading markets established in Hong Kong and Singapore
Countries currently using this currency
Related
Other Other currencies
Historical predecessor
Republic of China yuan