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|CNY Interbank Rate||₹10.5831|
|CNY Buying Rate||₹11.1535|
|CNY Selling Rate||₹10.2112|
|CNY Remittance Rate||₹|
The Chinese Yuan is the currency of People’s Republic of China. The currency code for Yuan Renminbi is CNY, and the currency symbol is ¥. The yuan (Chinese:元 ; pinyin: yuán) is the basic unit of the renminbi, but is also used to refer to the Chinese currency generally, especially in international contexts where Chinese yuan is widely used to mention the Renminbi. The distinction between the terms renminbi and yuan is similar to that between sterling and pound, which respectively refer to the British currency and its primary unit. One yuan is subdivided into 10 jiao , and a jiao in turn is subdivided into 10 fen. The Renminbi is issued by the People's Bank of China, the monetary authority of China. The most popular China Yuan Renminbi exchange rate is the CNY to USD rate.
|CNY Stats||CNY Profile|
|Name :Chinese Yuan Renminbi||Central Bank : People's Bank of China
|Symbol :¥ Jiao: 角||Coins : Freq Used : ¥1, 5角, 1角
|Minor Unit :1/10 = Jiao||Banknotes : Freq Used :¥5, ¥10, ¥20, ¥50, ¥100, ¥1 |
Rarely Used :¥2, 2角, 5角, 1角
|Top LKR Conversion: CNY/USD||Users : china|
China has a rich history of over 3000 years, and Chinese currency existed in both Ancient and Imperial China. In 1914, the Silver Dollar was established as the official currency of the Republic of China, with copper, fen, and nickel coins being added in the 1930s. During this time silver appreciated in value, and China could no longer retain the silver standard. In 1935, a new currency known as Fabi, was issued.
The Gold Yuan replaced the Fabì in 1948. That same year, the Yuan Renminbi (often called RMB) was introduced as a way to help stabilize the Communist held areas of mainland China. In 1955, a re-evaluation took place and a new Yuan Renminbi was introduced.
When China's economy opened in 1978, the Yuan Renminbi was only used domestically and foreigners used exchange certificates; this led to a powerful black market. From 1997 to 2005, the Chinese government pegged the Chinese Yuan Renminbi to the US Dollar. The Chinese government launched a pilot program in 2009, allowing some businesses in Guangdong and Shanghai to execute business and trade transactions with counterparties in Hong Kong, Macau, and select nations. The program has since expanded to all areas of China and all international counterparties. China has also made agreements with Australia, Japan, Thailand, Russia, and Vietnam to allow for direct currency trade, instead of converting to the US Dollar.
This is the rate that will apply when you sell Chinese Yuan currency on BookMyForex.com. The amount of INR (Indian Rupees) you'll recieve will be as shown below
Conversion is calculated using the highest CNY-INR Selling rate across India. To see the most accurate rate select the city in the drop down above
This is the rate that will apply when you buy Chinese Yuan currency on BookMyForex.com. The amount of INR (Indian Rupees) you'll recieve will be as shown below
Conversion is calculated using the highest CNY-INR Buying rate across India. To see the most accurate rate select the city in the drop down above
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