Bitget App
common_footer.down_desc
common_header.buy_cryptocommon_header.marketscommon_header.tradecommon_header.futurescommon_header.social_tradingcommon_header.grid_tradingcommon_header.earn
base info CEREAL

calculator.detail.title

calculator.detail.title_des
CEP
CEP
swap
CNY
coin.update_time (UTC+0)calculator.common.refreshrefresh
widget.page_site
calculator.detail.computed_des

calculator.fiat.title

About the Chinese Yuan (CNY)

What Is the Chinese Yuan (CNY)?

The Chinese Yuan, denoted as CNY and symbolized by ¥, is the official currency of the People's Republic of China. It's also known as Renminbi (RMB), which translates to "People's Currency". The basic unit of the Renminbi is the yuan, and it's often used to refer to the Chinese currency, especially in international contexts. One yuan is subdivided into 10 jiao, and a jiao is further divided into 10 fen. The Chinese Yuan is the sole legal tender in the People's Republic of China.

The Chinese Yuan is issued by the People's Bank of China (PBOC), the monetary authority of the People's Republic of China. The PBOC oversees the production, distribution, and regulation of the currency, ensuring its stability and integrity in the financial system. In addition to managing the physical banknotes and coins, the central bank also regulates digital forms of the currency, including the recently introduced Digital Yuan.

What Is the History of CNY?

The Chinese Yuan was introduced by the People's Bank of China in December 1948, replacing various currencies circulating in the Communist-controlled areas. The currency underwent several revaluations, the most significant of which occurred in 1955, to combat hyperinflation. Initially pegged to the US dollar, the Chinese Yuan's value was adjusted to improve the competitiveness of Chinese exports as China transitioned to a market economy. Since 2006, the Yuan exchange rate has been allowed to float within a narrow margin around a fixed base rate, determined with reference to a basket of world currencies.

Notes and Coins of CNY

The Chinese Yuan is available in both coin and banknote forms. Coins range from ¥0.01 to ¥1, and banknotes are available in denominations from ¥0.1 to ¥100. The design and features of these notes and coins have evolved over time, with the latest series featuring advanced security features.

What is Digital Yuan (e-CNY)?

The Digital Yuan, also known as the Digital Currency Electronic Payment (DCEP), is the digital form of the People's Republic of China's official currency, the Renminbi (RMB). Launched in response to the rising trend of cashless transactions and the global shift towards digital currencies, the Digital Yuan aims to enhance transaction efficiency, bolster monetary policy, and provide a secure alternative to physical cash. Unlike decentralized cryptocurrencies, it operates under a centralized system, ensuring alignment with China's financial policies. The Digital Yuan features "controllable anonymity," balancing user privacy with state oversight to prevent illegal activities. Its introduction, marked by pilot programs in various cities and prominent use during the 2022 Winter Olympics, positions China as a leader in the realm of digital currencies issued by major economies and signals a significant shift in the global financial landscape towards embracing digital currency technology.

What Is the Difference Between CNY and RMB?

The terms "CNY" and "RMB" are often used interchangeably when referring to the currency of the People's Republic of China, but they have slightly different meanings:

RMB (Renminbi): The term "Renminbi," which means "People's Currency" in Mandarin, is the official name of the currency of China. It represents the currency system as a whole. Renminbi is the broader term that denotes the medium of exchange provided by the People's Bank of China.

CNY (Chinese Yuan): The term "Yuan" refers to the unit of the Renminbi currency. CNY is the international ISO currency code for the Chinese Yuan. When financial transactions are conducted internationally, or when exchange rates are mentioned, the abbreviation "CNY" is typically used.

In summary, while RMB refers to the currency system of China, CNY specifically denotes the unit of that currency used in international trading and financial contexts.

coin.about_expand
calculator.fiat.text_2

calculator.detail.trend

1D7D1M3M1YAll
calculator.detail.trend_des

calculator.compare.title

calculator.compare.exchangecalculator.compare.pricecalculator.compare.maker_feecalculator.compare.tradable
Bitgethot-iconcalculator.compare.best
¥0.01919
0.0200% / 0.0320%vip-iconcalculator.compare.vip
coin.update_time(UTC+0)

calculator.right.title

buy-coin-step-0-img
calculator.htb.step1_title
calculator.htb.step1_des
buy-coin-step-1-img
calculator.htb.step2_title
calculator.htb.step2_des
buy-coin-step-2-img
calculator.htb.step4_title
calculator.htb.step4_des

calculator.p2p.buy_title

calculator.p2p.buy_desc3
calculator.p2p.trade_and_ratecalculator.p2p.pricecalculator.p2p.amt_limit
calculator.p2p.low_to_high
calculator.p2p.pay_methods
calculator.p2p.fee_tips
calculator.p2p.action
calculator.p2p.no_data

calculator.p2p.sell_title

calculator.p2p.sell_desc4
calculator.p2p.trade_and_ratecalculator.p2p.pricecalculator.p2p.amt_limit
calculator.p2p.high_to_low
calculator.p2p.pay_methods
calculator.p2p.fee_tips
calculator.p2p.action
calculator.p2p.no_data

calculator.detail.affect_title

calculator.detail.affect_up
calculator.detail.affect_today
calculator.detail.affect_market
$926.38K
calculator.detail.affect_valume
$276.60K
calculator.detail.affect_supply
187.50M CEP

calculator.detail.conversion_table

calculator.detail.conversion_up
calculator.detail.conversion_des1
calculator.detail.conversion_des2

coin.current_to_local

coin.amount
calculator.detail.time_
0.5 CEP
¥0.01760
1 CEP
¥0.03520
5 CEP
¥0.1760
10 CEP
¥0.3520
50 CEP
¥1.76
100 CEP
¥3.52
500 CEP
¥17.6
1000 CEP
¥35.2

coin.current_to_local

coin.amountcalculator.detail.time_
0.5CNY14.2  CEP
1CNY28.41  CEP
5CNY142.03  CEP
10CNY284.06  CEP
50CNY1,420.32  CEP
100CNY2,840.63  CEP
500CNY14,203.16  CEP
1000CNY28,406.32  CEP

calculator.detail.price_24

coin.amountcalculator.detail.time_calculator.detail.price_24_agocalculator.detail.price_24_change
0.5 CEP$0.002470$0.001669
+48.04%
1 CEP$0.004941$0.003337
+48.04%
5 CEP$0.02470$0.01669
+48.04%
10 CEP$0.04941$0.03337
+48.04%
50 CEP$0.2470$0.1669
+48.04%
100 CEP$0.4941$0.3337
+48.04%
500 CEP$2.47$1.67
+48.04%
1000 CEP$4.94$3.34
+48.04%

calculator.detail.price_month

coin.amountcalculator.detail.time_calculator.detail.price_month_agocalculator.detail.price_month_change
0.5 CEP$0.002470$0.001718
+43.79%
1 CEP$0.004941$0.003436
+43.79%
5 CEP$0.02470$0.01718
+43.79%
10 CEP$0.04941$0.03436
+43.79%
50 CEP$0.2470$0.1718
+43.79%
100 CEP$0.4941$0.3436
+43.79%
500 CEP$2.47$1.72
+43.79%
1000 CEP$4.94$3.44
+43.79%

calculator.detail.price_year

coin.amountcalculator.detail.time_calculator.detail.price_year_agocalculator.detail.price_year_change
0.5 CEP$0.002470$0.002466
+0.16%
1 CEP$0.004941$0.004933
+0.16%
5 CEP$0.02470$0.02466
+0.16%
10 CEP$0.04941$0.04933
+0.16%
50 CEP$0.2470$0.2466
+0.16%
100 CEP$0.4941$0.4933
+0.16%
500 CEP$2.47$2.47
+0.16%
1000 CEP$4.94$4.93
+0.16%

coin.prediction

coin.prediction_question

price_predict.text_introduce

coin.prediction_question

price_predict.prediction_content

calculator.earn.title

calculator.earn.des
calculator.earn.coin

calculator.earn.apr

calculator.earn.action

calculator.p2p.latest_coins_title

calculator.p2p.latest_coins_desc

faq.title

calculator.faq.question1

calculator.faq.answer1

calculator.faq.question2

calculator.faq.answer2

calculator.faq.question3

calculator.faq.answer3

calculator.faq.question4

calculator.faq.answer4

calculator.faq.question5

calculator.faq.answer5

calculator.faq.question6

calculator.faq.answer6
calculator.detail.disclaimers