The renminbi (literally "people's currency") or the yuan is the official currency in the mainland of the People's Republic of China (PRC). It is issued by the People's Bank of China, the monetary authority of the PRC. The official ISO 4217 abbreviation is CNY, although also commonly abbreviated as "RMB". The Latinised symbol is ￥, while in Chinese it is usually written with the character.
People's currency is issued in the following denominations: one, two, five, ten, twenty, fifty and one hundred yuan; one, two and five jiao.The largest denomination of the renminbi is the 100-yuan note. The smallest is the 1-fen coin or note. One of the more interesting things to note is that all denominations are available as banknotes.
The official name of Chinese currency is Renminbi (RMB) (means "People's Currency"). The basic unit of RMB is yuan and the smaller units are the jiao and fen (10 fen=1 jiao, 10 jiao=1 yuan). (Yuan is also known as Kuai and Jiao is known as Mao.) Chinese currency is issued in the following denominations: one, two, five, ten, twenty, fifty and a hundred Yuan; one, two and five Jiao; and one, two and five Fen. Hong Kong uses HK dollars.