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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

Historical predecessor

Republic of China yuan