Chinese Monetary Unit (Noun)
Meaning
The monetary unit in the People's Republic of China.
Classification
Nouns denoting quantities and units of measure.
Examples
- The Chinese monetary unit, also known as the renminbi, is denoted by the symbol 'RMB' or 'CNY'.
- The primary Chinese monetary unit of exchange in circulation is the renminbi, also commonly referred to as the yuan.
- The value of a Chinese monetary unit, such as the renminbi, can fluctuate against other currencies such as the United States dollar.
- In the 20th century, different Chinese monetary units existed in various regions of the country.
- The Chinese monetary unit, renminbi, is subdivided into ten smaller monetary units, also known as the jiao.