What is the name of China’s currency? Answer: Renminbi, literally people’s currency, is the legal tender of the People’s Republic of China, which is issued by the People’s Bank of China. It has another name, Chinese Yuan.
• Short official name: CNY (Chinese Yuan)
• Abbreviation: RMB
• Chinese: Ren Min Bi (人民币)
• Symbol: ￥
• Monetary unit: Yuan (元)
• Fractional units: Jiao (角) and Fen (分)