Symbol: ¥
Country: China
The Chinese yuan (renminbi) is the currency of China. Our records show the Chinese yuan (renminbi) is the eighth most traded currency with us. The banknotes are printed on paper. The People’s Bank of China (PBC) is responsible for issuing the Chinese yuan (renminbi) banknotes.
The Chinese yuan is also known as the renminbi, which translates to “the people’s currency”. Currently the Chinese yuan is pegged to a basket of currencies, including the US dollar. This allows for cheaper exports and a greater global motivation to buy China’s goods.
Did You Know?
These items cost the USD equivalent in the city of Hong Kong, China*:
10 Mile Cab Ride: $13.04 USD
Budget Dinner for 2: $15.34 USD
Pint of Beer: $6.39 USD
Tip Percentage: N/A¹
*Figures are based on 2023 data. Information is subject to change as exchange rates and cost of goods fluctuate.
¹Tipping is not customary and may be considered rude.