chinese monetary unit (Meaning)
Wordnet
chinese monetary unit (n)
the monetary unit in the People's Republic of China
Synonyms & Antonyms of chinese monetary unit
No Synonyms and anytonyms found
chinese monetary unit Sentence Examples
- The Chinese monetary unit is the Renminbi (RMB), which is also known as the Chinese yuan.
- The Renminbi is abbreviated as CNY, representing the Chinese monetary unit in international currency exchanges.
- In China, the Renminbi is issued by the People's Bank of China and serves as the official Chinese monetary unit.
- The Renminbi is further divided into units called yuan, with one yuan consisting of 10 jiao or 100 fen.
- As the Chinese monetary unit, the Renminbi is used for all transactions within mainland China.
- The Renminbi's symbol is ¥, representing the Chinese monetary unit in financial markets and currency exchange rates.
- The Renminbi is managed by China's central bank to maintain stability and control over the Chinese monetary unit.
- China's growing economy has propelled the Renminbi to become an increasingly important global monetary unit.
- The Renminbi's exchange rate fluctuates in response to market forces and China's monetary policies.
- International trade and investment transactions often involve conversion between the Renminbi and other global monetary units.
FAQs About the word chinese monetary unit
the monetary unit in the People's Republic of China
No synonyms found.
No antonyms found.
The Chinese monetary unit is the Renminbi (RMB), which is also known as the Chinese yuan.
The Renminbi is abbreviated as CNY, representing the Chinese monetary unit in international currency exchanges.
In China, the Renminbi is issued by the People's Bank of China and serves as the official Chinese monetary unit.
The Renminbi is further divided into units called yuan, with one yuan consisting of 10 jiao or 100 fen.
