CNY - Chinese Yuan
CNY - Chinese Yuan Basic Information
Category | Details |
|---|---|
Name | Chinese Yuan |
Symbol | ¥ |
Code | CNY |
Country or Region | People's Republic of China |
Central Bank | People's Bank of China |
CNY - Chinese Yuan Denominations & Conversion
The basic unit of the Chinese Yuan (CNY) is the yuan (元). It's divided into 10 jiao (角), with each jiao further subdivided into 10 fen (分). The term "yuan" is commonly used globally, while "Renminbi" serves as the official designation.
Unit | Subunits | Conversion Relationship |
|---|---|---|
Yuan (元) | Jiao (角), Fen (分) | 1 Yuan = 10 Jiao; 1 Jiao = 10 Fen |
Coins | ¥0.1 (1 Jiao), ¥0.5 (5 Jiao), ¥1 | 10 of ¥0.1 = ¥1, 2 of ¥0.5 = ¥1 |
Banknotes | ¥1, ¥5, ¥10, ¥20, ¥50, ¥100 | Each banknote is valued at its face value |
CNY - Chinese Yuan History
The Chinese Yuan (CNY) was introduced in 1948 by the People's Republic of China to unify the currency system after the civil war. Over time, it has undergone several reforms, including significant redenominations and security feature enhancements. In 2016, the International Monetary Fund (IMF) included the Yuan in its Special Drawing Rights basket, recognizing it as a global reserve currency.
Top 5 Cities in China
Beijing (Capital)
Beijing, the capital of China, is a cultural and political hub, home to historical landmarks like the Forbidden City and the Great Wall.
Shanghai
Shanghai is a global financial center known for its modern skyline, including the iconic Shanghai Tower and vibrant economic activity.
Guangzhou
Guangzhou, a key trade center in southern China, hosts the Canton Fair and boasts a rich historical and cultural heritage.
Shenzhen
Shenzhen, a tech hub often referred to as China's Silicon Valley, is home to major companies like Huawei and Tencent.
Chengdu
Chengdu is famous for its spicy cuisine and as the habitat of giant pandas, offering a unique blend of natural and cultural attractions.
Travel Tips for Visiting China
Land and Administrative Divisions
China covers over 9.6 million sq km, comprising 23 provinces, five autonomous regions, four direct-controlled municipalities (Beijing, Tianjin, Shanghai, Chongqing), and two Special Administrative Regions (Hong Kong and Macau). Taiwan is also claimed by China but operates independently.
Climate and Weather
China's vast size results in diverse climates, from temperate in the north to tropical in the south. Travelers should check local weather and pack appropriately.
Cuisine
China offers diverse culinary traditions, including the Eight Culinary Cuisines: Anhui, Cantonese, Fujian, Hunan, Jiangsu, Shandong, Sichuan, and Zhejiang, each known for unique flavors and specialties.
Payment Methods
Cash is widely used, but digital payments like Alipay and WeChat Pay are prevalent. ATMs are accessible, and credit cards are commonly accepted in urban areas.
Telecommunications
The top telecom operators are China Mobile, China Unicom, and China Telecom, providing extensive coverage across the country.
Transport
China has an extensive transport network, including metros in major cities, buses, and a high-speed rail system. Taxis and ride-sharing services like Didi are also available.
World Heritage Sites
China has numerous UNESCO World Heritage Sites, including the Great Wall, the Terracotta Army, the Forbidden City, and the karst landscapes in Guilin.
Tipping
Tipping is not customary in China and generally not expected in restaurants, hotels, or taxis. However, it may be more common in high-end establishments.
