1 trillion is equal to 1 trillion yuan, so 10 trillion yuan is 10000000000000 yuan.
The legal currency of the People's Republic of China is RMB. The People's Bank of China is the national competent authority for the management of RMB and is responsible for the design, printing and issuance of RMB.
The unit of RMB is Yuan, and the units of RMB minor currencies are dimes and cents. 1 yuan is equal to 10 jiao, and 1 jiao is equal to 10 cents. The RMB symbol is the first letter of Yuan’s pinyin, capital Y plus two horizontal lines, which is “￥”.
It has taken 71 years since the People's Republic of China issued the RMB. With the development of economic construction and the needs of people's lives, it has been gradually improved and improved. So far, five sets of RMB have been issued, forming banknotes and A currency system with multiple varieties and series including metal coins, ordinary commemorative coins and precious metal commemorative coins.
In August 2020, the People's Bank of China released the "2020 RMB Internationalization Report". In 2019, the amount of cross-border RMB collection and payment by banks on behalf of customers was nearly 20 trillion yuan, a year-on-year increase of 24.1%. , the collection and payment amount hit a record high. The RMB has become the fifth largest payment currency and the fifth largest reserve currency in the world.
: Monetary Fund
On January 5, 2020, the latest data released by the International Monetary Fund (IMF) showed that as of the third quarter of 2019, the central banks of various economies around the world Among the foreign exchange reserves held, RMB foreign exchange reserve assets amounted to approximately US$219.62 billion, accounting for 2.01% from 1.97% in the second quarter, the highest level since the IMF reported RMB reserve assets in October 2016. level.
On June 30, 2021 local time, the International Monetary Fund (IMF) released the "Currency Composition of Official Foreign Exchange Reserves (COFER)". Data show that in the first quarter of 2021, the total RMB foreign exchange reserves rose to US$287.46 billion from US$269.49 billion in the fourth quarter of last year, achieving nine consecutive quarters of growth. The RMB's share of global foreign exchange reserves rose to 2.45%, continuing to hit a new high since the IMF reported this data in the fourth quarter of 2016.