1, RMB code
At present, the abbreviation of RMB is RMB and the standard currency symbol is CNY, which is the only standard symbol of RMB in international trade. Now it has replaced the notation of RMB for foreign exchange settlement and domestic settlement.
2. English abbreviation of Spring Festival
CNY is the abbreviation of China New Year, which means New Year in China, generally referring to the first day of the first lunar month every year. This day is called "Spring Festival".
The issuance process of RMB
Since People's Republic of China (PRC) issued RMB in 1948, it has been gradually improved and improved with the development of economic construction and the needs of people's life. By 202 1, 5 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Except for 1, 2 and 5, the first set, the second set and the third set of RMB have been withdrawn from circulation, and the fourth set of RMB stopped circulating on May 20 18 (except for 1 minute, 5-cent notes and 1 yuan coins).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.