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Chinese Yuan Renminbi is the official currency of the People’s Republic of China. The currency is represented by the symbol 元 or ¥ and by the ISO code CNY. The abbreviation RMB is also used to represent the currency. The banknotes and coins are issued by the People’s Bank of China. Yuan is subdivided into two. 10 jiǎo is equal to one Renminbi as well as 100 fēn. The banknotes issued are 0.1, 0.5, 1, 5, 10, 20, 50, 100 RMB and coins issued are 0.1, 0.5, 1 RMB. The Chinese Yuan Renminbi has an exchange rate of 10-11 Indian Rupees. Check the live rates of Renminbi against Indian Rupee here.
China is a communist nation governed under the rule of the Communist Party of China. China is one of the largest exporters in the world. China hosts the manufacturing of major companies in the world. This is due to the government policy and cheap workforce available in China. The Chinese Yen or Renminbi is one of the reserve currencies in the world just like the United States Dollar. The Renminbi hence is one of the most traded currencies in the world. The currency holds significant forex trading and investments in many nations. China other than being a global trader is also an educational and tourist hotspot. Chinese educational programmes are often inexpensive compared to India. Chinese products have dominated the global market through extensive and cheap production. The USD is worth about 6-7 Chinese Yuan Renminbi.
The Chinese Yuan Renminbi is available in India. Since China is a neighbouring country and there are many trade relations between India and China. The currency can be traded in major exchange houses and banks across India.
| Currency | Chinese Yuan |
|---|---|
| ISO Code | CNY |
| Symbol | 元 / ¥ |
| Nick Name | Grandpa Mao |
| Sub Units | Yuán ( Renminbi= 1yuán), jiǎo( 1 Renminbi= 10jiǎo), fēn ( 1 Renminbi= 100fēn ) |
| Denominations | |
| Notes | 0.1, 0.5, 1, 5, 10, 20, 50, 100 RMB |
| Coins | 0.1, 0.5, 1 RMB |
| Valid in | China |
The Chinese Renminbi can be obtained without any hassle through ExTravelMoney.com. Find the vendor in your region that offers Chinese Renminbi for Indian Rupee from our website and place the order online. Then with the help of our customer care executives confirm the order and make the payment online. For your convenience, you can even request the vendor to deliver the forex to your home and pick up the KYC documents.
If you have Chinese Renminbi with you, ExTravelMoney.com can help you convert Renminbi into Indian Rupees. Choose from the list of vendors along with the exchange rate that they offer for Chinese renminbi and place the order. Easily get a callback from us and confirm the order. You have the facility to even receive the services from the vendor at your home like picking up the forex and the KYC documents required for completing the transaction.
Send payments, medical expenses and tuition fee with ExTravelMoney.com. We can help you send money abroad through RBI approved reputed money changers with relative ease. From our website send money with the assistance of our support team at the best exchange rate. The transfers will be completed within 3 days and the funds will be received in the beneficiary account in China.
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