What is China’s Currency? – Everything About the Chinese Yuan (CNY)
💰 Official Currency of China
China’s official currency is the Chinese Yuan (CNY), also known as the Renminbi (RMB).
Its international currency code is CNY, while RMB refers to the official name of the currency.
The Chinese Yuan is the legal tender used for all financial transactions in mainland China, including daily purchases, services, and business activities.
🏛️ Brief History of the Chinese Yuan
The Chinese Yuan was officially introduced in 1948 by the People’s Bank of China, shortly before the founding of the People’s Republic of China.
The word “Renminbi” means “people’s currency.”
Over time, China has implemented several monetary reforms to stabilize and modernize its economy. Today, the Yuan plays a major role in both domestic and international trade, especially in Asia and emerging markets.
💹 Abbreviation and Symbol of the Chinese Yuan
Abbreviation: CNY / RMB
Symbol: ¥
Subunit:
1 Chinese Yuan = 10 jiao = 100 fen
(Jiao and fen are rarely used for cash transactions today)
💸 Can You Send Money from Turkey to China?
Yes. ✅
You can send fast and secure international money transfers from Turkey to China via PayPorter.
With PayPorter’s global network covering more than 185 countries, your money can be delivered to Chinese bank accounts quickly and securely.
Advantages:
Low transaction fees
Fast processing times
Secure and licensed infrastructure
Wide international agent and banking network
📍 Visit our page to send money to China.
🌍 Can Chinese Yuan Be Used in Turkey?
No.
The Chinese Yuan (CNY) is only valid within mainland China.
However, it can be exchanged at selected exchange offices or some banks in Turkey.
Additionally, PayPorter allows money transfers from China to Turkey in a safe and convenient way.
💡 Interesting Facts About the Chinese Yuan
Chinese banknotes feature Mao Zedong, as well as important landmarks, cultural elements, and natural landscapes.
The Yuan is one of the most important currencies in global trade and manufacturing.
China is one of the world’s largest exporters, and the Yuan is increasingly used in international settlements.
While “Renminbi” is the official name of the currency, “Yuan” is the unit commonly used in daily speech.
Last Uptade: February 2026
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