what is cny currency
CNY (China Yuan Renminbi) What is the 'CNY (China Yuan Renminbi)'. The currency abbreviation for the China yuan renminbi (CNY), the general term for the currency of the People's Republic of China (PRC). The renminbi (or yuan) is made up of 10 jiao and 100 fen and is often either abbreviated as RMB, or presented with the symbol Â¥. Renminbi is issued by the People's Bank of China, which is controlled by the PRC.