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LOCAL CURRENCY IN CHINA

Want to know how much is your money worth in China? The local currency in China is called Yuan.

The Chinese Yuan is issued and managed by the People's Bank of China. To find out the current currency exchange rates for Yuan to other major currencies of the world, click on foreign currency rates.

Chinese Currency Information
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The currency used in China is called as the Yuan. This currency is denoted with the currency sign ¥ and the ISO 4217 Code for the Chinese Yuan is CNY. The Yuan, is the official currency of the China . It is divided into 100 smaller units called f?n (?).

The constitution of China provides that the China government shall have the power to print the Chinese Yuan and f?n (?) coins to be used as a legal tender in China. The Chinese Yuan bank notes and F?n (?) coins are both designated as "legal tender" in payment of debts.

The Chinese Yuan bill uses the decimal system, consisting of 100 equal units.

The symbol ¥, usually written before the numerical amount, is used for the Chinese Yuan.

Currently printed bank notes denominations are ¥1, ¥5, ¥10, ¥20, ¥50, ¥100 ¥0.1, ¥0.2, ¥0.5, ¥2 and the coins are minted in the denominations of ¥0.1, ¥0.5, ¥1 ¥0.01, ¥0.02, ¥0.05.

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How Does Balance of Trade and Investment Affect the Value of the Chinese Yuan
Financial analysts regularly cite the balance of trade and investment in China as the most important influence on the value of the Yuan. The difference between what the China exports and imports in terms of goods and services to and from other countries can be obtained from a balance of trade statement.

The balance of investment on the other hand represents the difference in exports and imports of capital. If exports from Yuan exceed imports from other countries, in either the balance of trade or balance of investments, it is called a surplus. The term deficit is used when the imports into Yuan exceed exports to other countries. The points below go into detail to explain on how the balance of trade and balance of investments affect the Chinese Yuan.
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