RMB
People's Bank notes
RMB is the abbreviation for renminbi, the official currency of the People's Republic of China.
The term means "people's currency" in Mandarin.
RMB and yuan are often used interchangeably, though technically RMB names the currency system while yuan is the primary unit: The price was 500 RMB, Payment accepted in RMB.
Chinese monetary unit
- CNYChina's monetary unit code
- exchange rateCurrency conversion value
- forexCurrency trading market
- currency conversionChanging money between nations
banknotes · coins · denomination · legal tender · central bank · cash · foreign exchange · appreciation
Reducing USD in reserves
- sanctions evasionAvoiding imposed trade restrictions
- economic influencePower through wealth
- monetary sovereigntyControl over own currency
- financial independenceWealth sustaining indefinite living
Obtain from overseas
- exportForeign-bound sale
- settlementResolved dispute or colony
- invoicingIssuing payment requests
- bilateral tradeTwo-nation reciprocal exchange
trade surplus · tariff · commercial transaction · letter of credit · merchandise · wholesale · procurement
Ties that unite
- capital marketsSecurities trading venues
- portfolioCollected works or assets
- asset allocationDistributing investments strategically
- emerging marketsRapidly growing economies
securities · Shenzhen · equity · fixed income · fund management
yuan
Chinese monetary unit
- CNYChina's monetary unit code
- exchange rateCurrency conversion value
- forexCurrency trading market
currency conversion · banknotes · coins · denomination · legal tender · central bank · cash · foreign exchange · appreciation · depreciation
dedollarization
Reducing USD in reserves
- sanctions evasionAvoiding imposed trade restrictions
- economic influencePower through wealth
- monetary sovereigntyControl over own currency
financial independence · trade war · currency manipulation · soft power
import
Obtain from overseas
- exportForeign-bound sale
- settlementResolved dispute or colony
- invoicingIssuing payment requests
bilateral trade · trade surplus · tariff · commercial transaction · letter of credit · merchandise · wholesale · procurement
bonds
Ties that unite
- capital marketsSecurities trading venues
- portfolioCollected works or assets
- asset allocationDistributing investments strategically
emerging markets · securities · Shenzhen · equity · fixed income · fund management
- renminbiyuan, fen, CNY, banknotes, denomination