CNY (¥)

Currency: Yuan

The Yuan is the official currency of China. One US dollar is worth around 6.50 CNY. The Chinese yuan (CNY) is the currency of China, which is situated in East Asia. It was first introduced in 1948, replacing the Chinese silver yuan. The yuan is subdivided into 10 jiao or 100 fen. The People’s Bank of China is responsible for issuing and managing the currency. The yuan is widely used throughout the country and is accepted at most major businesses, including hotels, restaurants, and shops. The currency has experienced relatively little fluctuation in recent years, making it a stable currency in the region.