- published: 05 Feb 2014
- views: 66776
The renminbi is the official currency of the People's Republic of China. The name (simplified Chinese: 人民币; traditional Chinese: 人民幣; pinyin: rénmínbì) literally means "people's currency". The yuan (Chinese: 元/圆; pinyin: yuán) (sign: ¥) is the basic unit of the renminbi, but is also used to refer to the Chinese currency generally, especially in international contexts. 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 (Chinese: 角; pinyin: jiǎo), and a jiao in turn is subdivided into 10 fen (Chinese: 分; pinyin: fēn).
The ISO code for renminbi (which may also be used for the yuan) is CNY (an abbreviation for "Chinese yuan"), or also CNH when traded in off-shore markets such as Hong Kong. The currency is often abbreviated RMB, or indicated by the yuan sign ¥. The latter may be written CN¥ to distinguish it from other currencies with the same symbol (such as the Japanese yen). In Chinese texts the currency may also be indicated with the Chinese character for the yuan, 圆 (or 元 informally). The renminbi is legal tender in mainland China, but not in Hong Kong or Macau. Renminbi is sometimes accepted in Hong Kong and Macau, and are easily exchanged in the two territories, with banks in Hong Kong allowing people to maintain accounts in RMB. The currency is issued by the People's Bank of China, the monetary authority of China.
Available now free on Raised in China Download: http://alrocco.com/mixtapes The following single is produced by Chemist and sound engineered by @AceLifeStudio @Red8Records Al Rocco released his 2nd single 'RMB人民币 Red Money' today from his forthcoming project due this 2014. Officially releasing the single on his birthday, this track takes a nod to the Chinese New Year festive season but also at an affluent year ahead monetarily and musically. Merchandise and music video coming soon, and original single available soon on iTunes. Born and raised in Hong Kong via London and Los Angeles, Al Rocco is currently rooted in Shanghai where he continues to explore, engage and electrify the local hip hop movement. 'Wishing everyone a dope Chinese New Year and this is for my 中国人, 新年快乐!" - Al Rocco ...
► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs Beijing wants to increase the internationalisation of the Chinese currency, now the fifth most traded in the world, but that ambition also presents challenges for the government. ► FT Business: http://bit.ly/1KUK08s ► Lex: http://bit.ly/1I14JZF For more video content from the Financial Times, visit http://www.FT.com/video Twitter https://twitter.com/ftvideo Facebook https://www.facebook.com/financialtimes
HSBC NOW brings you stories from HSBC employees around the world. In a series of short films, HSBC NOW looks at how the internationalisation of the Renminbi is affecting people in China. In this episode, HSBC's Rongrong Huo explores how the country has changed over the past 40 years and finds out how the currency will fuel China's growth. For more videos, and to stay up to date with HSBC NOW, subscribe by clicking the link above or click here: http://www.youtube.com/HSBCNOW Twitter: http://www.twitter.com/HSBC_NOW
Difference between 'yuan' and 'renminbi npr . , . . . . Wait, what's the difference between 'yuan' and 'renminbi npr npr sections money wait_whats_the_difference_betw.Html everybody's talking about chinese money. Usually they say 'yuan.' sometimes they say 'renminbi.' what's the difference? here's the short yuan vs. Rmb understanding the difference . Investopedia investopedia yuan vs rmb understanding difference.Asp a class "_zkb" href " url?q webcache.Googleusercontent search. Here are some more compilation of topics and latest discussions relates to this video, which we found thorough the internet. Hope this information will helpful to get idea in brief about this. Everybody's talking about chinese money. Usually they say 'yuan.' sometimes they say 'renminbi.' what's the diff...
August 28 -- Rogers Holdings Chairman Jim Rogers, Panmure Gordon Chief Economist Simon French and Bloomberg Intelligence Chief Economist Jamie Murray discuss the global impact of the yuan devaluation with Caroline Hyde on "Countdown."
Get economic collapse news throughout the day visit http://x22report.com More news visit http://thepeoplesnewz.com Report date: 3.05.2015 IMF admits the bailouts to Greece was for the banks not the people. Cyprus is protesting austerity. Initial jobless claims rose but are missing the jobs that were lost because of the oil suppression. US factory and new orders are declining. China renminbi is on its way to becoming a world currency. Obamacare has not met the expectations of the people. FCC is taking over the internet to solve problems but there are no problems. Ukraine is now under capital controls. US getting ready to send troops into Syria. All source links to the report can be found on the x22report.com site. Most of artwork that are included with these videos have been created by X...
How can a domestic currency rise to become one of the top three currencies in the world? And what does the development of the renminbi mean for corporations doing business with China? In this #EconomyStories video, Evan Goldstein, Global Head of Renminbi Solutions at Deutsche Bank, provides answers to these questions. In our video series #EconomyStories we introduce you to people with creative ideas, modern business models and striking economic concepts from around the world. More videos: http://ow.ly/M3r1N / Wie kann sich eine im Inland genutzte Währung global erfolgreich entwickeln? Und welche Bedeutung hat der Aufstieg des Renminbi für Unternehmen im China-Geschäft? Antworten auf diese und weitere Fragen gibt Evan Goldstein, Global Head of Renminbi Solutions bei der Deutschen Bank,...
China's renminbi is becoming more attractive, despite not being freely traded. Hayden Briscoe, head of Asia-Pacific Fixed Income with AllianceBernstein, discusses with the FT's John Authers why the currency is growing in popularity, and the risks and opportunities this opens. For more video content from the Financial Times, visit http://www.FT.com/video Subscribe to the Financial Times on YouTube; http://goo.gl/vUQx5k Twitter https://twitter.com/ftvideo Facebook https://www.facebook.com/financialtimes
That's right folks this is the news I scooped about 7 months ago now the sense of urgency is at threat level ( Shit Your Pants ) Catastrophic Breaking News IMF To Announce Alternative To The Dollar As The World Reserve Currency http://www.nytimes.com/2015/12/01/business/international/china-renminbi-reserve-currency.html http://ftmdaily.com/preparing-for-the-collapse-of-the-petrodollar-system/
What does history tell us about what may happen next in the world with the announcement of China’s Renminbi being approved by the International Monetary Fund as a Main World Currency? The Dollar at one time was insignificant compared to ruling British Pound prior to World War I. In its infancy though, everyone started trading in the cheap Dollar and utilizing it for a variety of financial purposes, and then World War I gave the Dollar a short cut to world dominance as a reserve currency in 10 short years and World War II catapulted the Dollar to the prominence it has enjoyed for nearly 70+ years. With the tensions of East and West mounting over Middle East natural resources and conflicting alliances, the crazy spread of radical and violent, Jihadist ideology and China and Russia working...