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The English abbreviation of RMB is RMB.
Because the CNY code of RMB is the currency symbol assigned to China by the International Organization for Standardization. At present, the abbreviation of RMB yuan is RMB yuan, which uses the initial letter combination of RMB Chinese pinyin and the standard currency symbol is CNY.
Since its issuance, RMB has lasted for 765,438+0 years, and it has been gradually improved and improved with the development of economic construction and the needs of people's lives. By the end of 20265,438+0, five sets of RMB have been issued, forming a multi-variety and multi-series currency system such as paper money and metal coins, ordinary commemorative coins and precious metal commemorative coins.
Except for 1, 2 and 5, the first set, the second set and the third set of RMB have been withdrawn from circulation, and the fourth set of RMB stopped circulating on May 20 18 (except for 1 minute, 5-cent notes and 1 yuan coins). Rmb in circulation is mainly the fifth set of RMB issued in 2005, 20 1999, 20 15, 20 19 and 2020.
Influencing factors of exchange rate
(1) Balance of payments. The most important factor is that if a country has a surplus in international payments, its foreign exchange income exceeds its foreign exchange expenditure, its foreign exchange reserves increase, and its foreign exchange supply exceeds its foreign exchange demand, while foreign demand for its currency increases, the foreign exchange rate declines and its currency appreciates. If it is a deficit; otherwise.
(2) Inflation rate. Every country has inflation. If its inflation rate is higher than that of foreign countries, its currency will depreciate and the foreign exchange rate will rise.
(3) interest rate. The influence of interest rate level on foreign exchange rate is that short-term capital flow leads to the change of foreign exchange demand through the difference of interest rate level in different countries. If a country's interest rate rises, foreign demand for its currency increases, its currency appreciates and its exchange rate falls. Of course, the influence of interest rate on capital flow needs to consider the influence of forward exchange rate. Only when interest rate changes offset the adverse changes in the future exchange rate can capital flow internationally.
(4) Economic growth rate. If a country's economic growth rate is high, its currency exchange rate is high.
(5) fiscal deficit. If a country has a huge budget deficit, its currency exchange rate will fall.