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China’s official currency is the Chinese Yuan (CNY), also known as the Renminbi (RMB).
Its international currency code is CNY, while RMB refers to the official name of the currency.
The Chinese Yuan is the legal tender used for all financial transactions in mainland China, including daily purchases, services, and business activities.
The Chinese Yuan was officially introduced in 1948 by the People’s Bank of China, shortly before the founding of the People’s Republic of China.
The word “Renminbi” means “people’s currency.”
Over time, China has implemented several monetary reforms to stabilize and modernize its economy. Today, the Yuan plays a major role in both domestic and international trade, especially in Asia and emerging markets.
Abbreviation: CNY / RMB
Symbol: ¥
Subunit:
1 Chinese Yuan = 10 jiao = 100 fen
(Jiao and fen are rarely used for cash transactions today)
Yes. ✅
You can send fast and secure international money transfers from Turkey to China via PayPorter.
With PayPorter’s global network covering more than 185 countries, your money can be delivered to Chinese bank accounts quickly and securely.
Advantages:
Low transaction fees
Fast processing times
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📍 Visit our page to send money to China.
No.
The Chinese Yuan (CNY) is only valid within mainland China.
However, it can be exchanged at selected exchange offices or some banks in Turkey.
Additionally, PayPorter allows money transfers from China to Turkey in a safe and convenient way.
Chinese banknotes feature Mao Zedong, as well as important landmarks, cultural elements, and natural landscapes.
The Yuan is one of the most important currencies in global trade and manufacturing.
China is one of the world’s largest exporters, and the Yuan is increasingly used in international settlements.
While “Renminbi” is the official name of the currency, “Yuan” is the unit commonly used in daily speech.