CNY | Chinese Yuan Renminbi
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The Renminbi (RM, often known as the Chinese yuan (CNY), is the official currency of the People's Republic of China. The term "Renminbi" translates to "the people's currency" and was first issued by the People's Bank of China in December 1948, replacing the old Fabi currency. The creation of this new form of Chinese cash was a significant step in the Communist Party's plan to centralize and control the monetary system following the Chinese Civil War.
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