kupno | sprzedaż | |
CNY Chinese yuan |
0.55100 | 0.58000 |
kupno | sprzedaż | |
---|---|---|
CNY Chinese yuan |
0.53000 | 0.59500 |
The official currency of the Peoples Republic of China - it was introduced in 1949 by the Communist Party of China after the end of the civil war that led to the establishment of the Peoples Republic of China. The Peoples Bank of China is responsible for issuing currency and controlling monetary policy in China. The central bank is responsible for stabilizing the currency and managing foreign exchange reserves. There are coins in circulation in denominations of 1, 2 and 5 jiao (1 yuan = 10 jiao) and 1 yuan, available banknotes are 1, 5, 10, 20, 50 and 100 yuan. Each banknote is decorated with an image of Mao Zedong and features a variety of motifs depicting Chinese culture and landscapes. The exchange rate was regulated by the government for a long time, but since the 2000s, China has gradually introduced greater flexibility in setting the exchange rate, although it still maintains control over its value through interventions on the currency market. The yuan exchange rate is important for international trade because China is one of the largest exporters in the world. The stability of the yuan affects global financial markets. China has the worlds second-largest economy, and the renminbi is increasingly accepted as a currency in international transactions. China is seeking to increase the international importance of its currency by promoting its use in trade and as a reserve currency.
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