Euro in Chinese Yuan Renminbi

EUR Euro

Country of application:
European Union, Austria, Aland Islands, Andorra, Belgium, Vatican, Guadeloupe, Guiana, Germany, Greece, Ireland, Spain, Italy, Latvia, Lithuania, Luxembourg, Mayotte, Malta, Martinique, Monaco, Netherlands, Portugal, Reunion, San Marino, Saint Pierre and Miquelon, Finland, France, French Southern and Antarctic Territories

Coin denominations in circulation:
2 and 1 euro, 50, 20, 10, 5, 2 and 1 cent.

Denominations of banknotes in circulation:
500, 200, 100, 50, 20, 10 and 5 euros.

History reference:
The Euro is a world currency on a par with the US dollar. It is also a reserve currency (along with the dollar, pound sterling, Japanese yen, Chinese yuan and Swiss franc). The euro symbol, €, is the... symbol for the Greek letter epsilon. According to the standards, the sign is printed in yellow on a blue background. The sign symbolizes Europe, and two parallel lines denote reliability and stability. Sometimes a character is written with one stroke instead of two. Euro is the official currency of 19 EU countries (Germany, France, Italy, Spain, Portugal, Austria, Belgium, Netherlands, Finland, Greece, Slovenia, Slovakia, Lithuania, Latvia, Estonia, Ireland, Luxembourg, Cyprus, Malta).

CNY Chinese Yuan Renminbi

Country of application:
PRC

Coin denominations in circulation:
1 yuan, 5, 2 and 1 jiao.

Denominations of banknotes in circulation:
100, 50, 20, 10, 5, 2 (rare) and 1 yuan, as well as 5, 2 and 1 jiao.

History reference:
The Chinese Yuan is the official currency of the Peoples Republic of China. Until the beginning of the 20th century, in China, for large-scale settlements, they used silver ingots - lyans. Small purc...hases were made using bronze round coins with a square hole in the center - qian, which Europeans call "keshi". Silver yuan began to be made in 1835. The use of silver coins and silver liang was banned in China in 1935. Instead, a boom in paper money began to grow - fabi. A certain easing in monetary policy occurred only in 2005, when the Chinese authorities carried out a revaluation of the yuan, raising its value by 2%. By 2008, the yuan appreciated by more than 20% to 6.82 yuan per US dollar. Nevertheless, even today, the PRC continues to enjoy certain foreign trade advantages, which are based on the undervalued exchange rate of the national currency.