Chinese Yuan (¥)

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Chinese Yuan (¥)
The Chinese Yuan is also known as 'renminbi', abbreviated to 'RMB'.

The Chinese Yuan is the official currency of China and Zimbabwe, and is unofficially used by North Korea, Hong Kong, Macau and parts of Burma. It was officially introduced in 1948, replacing the older Yuan series. Currency in China has a history going back at least 3000 years, to both Ancient and Imperial China. In more modern times, the Silver Dollar was introduced in 1914, followed by the Fǎbì in 1935, which was then replaced by the Gold Yuan in 1948. The Yuan Renminbi was introduced to help stabilise Communist-held areas! The Yuan of today was re-evaluated in 1955, at a rate of 1 new Yuan to 10,000 old Yuan.

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