What currency is CNY

CNY stands for Renminbi , which is the currency symbol assigned to China by ISO. It is the legal tender of China . CNY is the English code of RMB, and CNY is the abbreviation of “China Yuan. It is the standard currency symbol of RMB and is widely used in the fields of international trade, foreign exchange and domestic settlement. Other common currencies are the U.S. dollar (USD), the euro (EUR), the Japanese yen (JPY), etc. The Renminbi (RMB) is the legal tender of the People’s Republic of China, and the People’s Bank of China is the national competent authority for the management of the renminbi and is responsible for the design, printing and issuance of the renminbi.