Renminbi (CNY) is the legal tender in People's Republic of China (PRC), which is mainly managed by the People's Bank of China, and the People's Bank of China is responsible for the design, printing and distribution of CNY. The first letter of pinyin with RMB symbol is capitalized y plus two horizontal lines, that is, "?" . China people are particularly familiar with the unit conversion 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. At present, there are mainly five sets of RMB issued: 1999, 2005, 20 15, 20 19 and 2020.

Brief introduction of RMB

In 20 16, RMB became the basket currency of SDR, which indicates that RMB has met two criteria for becoming the basket currency of SDR-export standard and free use standard. If the issuer of a currency is an IMF member or a monetary union including IMF members, and it is also one of the top five exporters in the world, then the currency meets the export standards; The currency determined by the IMF as "freely usable" must be widely used to pay for international transactions and widely traded in major trading markets.

The increase of RMB's weight in SDR reflects the increase of China's export market share, RMB foreign exchange reserves and foreign exchange transactions in recent years, which means that RMB is more widely used in international trade, foreign exchange reserves, global foreign exchange transactions, investment and financing, RMB plays an increasingly important role in international payment and settlement, reserves and investment and financing, and the internationalization of RMB is gradually accelerated.

The above contents refer to Baidu Encyclopedia-RMB (legal tender in People's Republic of China (PRC)).