When it comes to the "foreign saying" of RMB, many people think it should be "RMB". After all, this is another name for RMB that we often see. For example, all kinds of invoices or shopping lists have the word RMB, which makes people naturally think that this is the foreign name of RMB.
But this is not the case. Let's see, RMB is actually the pinyin initials of RMB pronunciation. Most people in China really learn Chinese characters through Pinyin, but for foreigners, they generally don't know Chinese Pinyin. The real "foreign name" of RMB is actually CNY.
Each country's currency has its own name, such as US dollar, Japanese yen, Korean won and, of course, British pound, French franc, Thai baht and so on. After we hear the names of these currencies, we can know which country they come from. Similarly, CNY represents RMB in China.
As for why it is called CNY, it is easy to understand. Actually, it has something to do with the abbreviation of RMB. The full name of RMB abroad is China dollar. China is naturally the title of our country. Internationally, the inherent domain name of Chinese network is also CN.
In the eyes of most foreigners, CN basically defaults to China, while Y is the currency abbreviation of Yuan. Previously, it was speculated that it was called CNY, because its full name was China New Year, which was translated into China New Year and New Year in China.
For many foreigners, even though they don't know enough about China, they are very familiar with the Spring Festival culture in China. More importantly, in recent years, more and more China people have gone abroad, and many countries have their own Chinese restaurants or places where China people gather. During the traditional Spring Festival in China, these overseas Chinese will celebrate together.
Because of this, most foreigners are deeply impressed by China's New Year, so it is also a reasonable way to represent China's currency with China's New Year.
In addition to the abbreviation of China's currency abroad, so are the currencies of other countries. For example, the full name of the US dollar is United States dollar, or USD for short. Similarly, the full name of Franc is Franc, but in fact this is only a transliteration of French currency in China. In fact, no matter what foreigners are used to calling RMB, it can't change the status quo that RMB is gradually moving towards the international stage and gaining a place.
To some extent, it can also be said that the status of a country's currency is related to the status of the country's towns. With the continuous improvement of China's comprehensive strength and increasing international influence, the status of China's RMB in the international community is also improving.
A few dollars were the most widely circulated in China a few years ago, which can be used directly in many countries. But now, the universality of the US dollar remains unchanged, but the status of the RMB has changed greatly. Now RMB can be used directly in many countries, which provides a lot of convenience for people who travel, work or study abroad.
At present, the RMB has become one of the five currencies in the world that enjoy the privilege of withdrawing from the currency, and the other four are the US dollar, the British pound, the Japanese yen and the euro.
Especially after the outbreak of the epidemic, the United States also adopted a loose monetary policy in order to alleviate its economic pressure. But because they print a lot of dollars, it also causes inflation, which also makes many countries have the idea of de-dollarization. While all countries are reducing their foreign exchange reserves in US dollars, some countries have chosen to increase their foreign exchange reserves in RMB at this time because they attach importance to the development of China.
Related question and answer: What does usd mean? The abbreviation of United States dollar is usd, that is, US dollar.
Also known as dollars and dollars, it is the official currency of the United States. The appearance of the US dollar was the adoption of 1792 Coinage Law. It is also widely used as a reserve currency outside the United States. At present, the issuance of US dollars is controlled by the Federal Reserve system.
The most commonly used symbol for the dollar is "$", while the symbol for the cent is "?" . The ISO 42 17 standard adopted by the International Organization for Standardization is USD.
The origin of paper money
Dollar notes are made of cotton fibers and hemp. Long cotton fiber makes paper not easy to break, good ink absorption and not easy to fade. Hemp fiber is tough, which makes the paper stiff for a long time and has certain resistance to water, oil and some chemicals. One-dollar paper is white without whitening agent and does not reflect light under purple light.
Since 1880, there have been red and blue fibers in the paper of dollar bills, which are mixed with pulp when making paper. So some fibers are sandwiched in the paper and some float on the surface, and the fibers can be picked out with the needle tip. Before 1928, red and blue fibers were distributed in the middle of banknotes, and they were long and narrow up and down.