Renminbi

The renminbi is the currency of the People's Republic of China. It is the main currency used in mainland China. It is also sometimes accepted in Hong Kong and Macau, and can be easily exchanged in those territories. The currency is issued by the People's Bank of China, the monetary authority of China.^[2] Its name means "people's currency".

Renminbi

人民币 (in Chinese)
ISO 4217
Code	CNY (numeric: 156)
Subunit	0.01
Unit
Plural	The language(s) of this currency do(es) not have a morphological plural distinction.
Symbol	¥‎
Nickname	none
Denominations
Subunit
1	yuán (元,圆)
1/10	jiǎo (角)
1/100	fēn (分)
Nickname
yuán (元,圆)	kuài (块)
jiǎo (角)	máo (毛)
Banknotes
Freq. used	¥1, ¥5, ¥10, ¥20, ¥50, ¥100
Rarely used	¥0.1, ¥0.2, ¥0.5, ¥2
Coins
Freq. used	¥0.1, ¥0.5, ¥1
Rarely used	¥0.01, ¥0.02, ¥0.05
Demographics
Official user(s)	People's Republic of China
Unofficial user(s)	North Korea (until Nov 2009)[1]  Myanmar (in Kokang and Wa)  Hong Kong  Macau
Issuance
Central bank	People's Bank of China
Website	www.pbc.gov.cn
Valuation
Inflation	1.7%, October 2012
Source	BBC News
Method	CPI
Pegged with	Partially, to a basket of trade-weighted international currencies

The main unit of renminbi is the yuán. One yuan is divided into 10 jiǎo. One jiǎo is subdivided into 10 fēn. Renminbi banknotes are available in denominations from 1 jiao to 100 yuan (¥0.1–100). Coins have denominations from 1 fen to 1 yuan (¥0.01–1). Some denominations exist in both coin and banknote form. Coins under ¥0.1 are rarely used.

Currently, only ¥20,000 can be taken in or out of China without declaring it, or telling customs that you have it.