|
 The
Chinese currency is Renminbi, issued by the state bank, the People's Bank of
China. The standard unit of the Renminbi is yuan, with jiao and fen as
subsidiary units. One yuan equals 10 jiao, and 1 jiao equals 10 fen. Yuan,
jiao and fen are issued both in bills and coins. The Renminbi features the
following denominations: 1, 2, 5, 10, 20, 50, and 100 yuan; 1, 2 and 5 jiao;
and 1, 2 and 5 fen. The abbreviation for Renminbi is RMB¥. Thus 1,234.56
yuan can be written as RMB¥ 1,234.56. |
