Chinese renminbi (CNY)
The Chinese renminbi (CNY, symbol ¥) is the official currency of the People's Republic of China, issued by the People's Bank of China. The basic unit of renminbi is the yuan, which is divided into 10 jiao and 100 fen. Introduced in 1948 shortly before the establishment of the People's Republic, the renminbi transitioned over time from a strictly controlled currency to an internationally traded currency included in the IMF's SDR basket in 2016.
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