Chinese currency defines the economy of one of the world’s biggest superpowers. It’s also central to one of the most debated issues involving China: its perceived mercantilist policy of artificially undervaluing currency against the US dollar.

Key Takeaways

Renminbi is the official name of China’s currency.

The renminbi’s principal unit is the Chinese yuan.

CNY is the official ISO 4217 abbreviation for China’s currency.