Usually, money can be simply written in three letters, and CN should be CNY. CNY is a currency symbol assigned to China by the International Organization for Standardization, and its Chinese name is RMB. The abbreviation of RMB is the initial combination of Chinese pinyin, that is, RMB, but its standard currency symbol is CNY.

In international foreign exchange transactions, whether it is futures trading or margin trading, the currency symbol of a certain country is usually used to express the transaction amount. However, because different countries use different currency names and naming rules of currency symbols, there are many inconveniences in foreign exchange transactions.

What's the difference between RMB abbreviation "RMB" and "CNY"?

1, different standards

CNY (China Dollar) is a currency symbol given to China by the International Organization for Standardization, and its Chinese name is RMB. The abbreviation of RMB is the initial combination of Chinese pinyin, that is, RMB, but its standard currency symbol is CNY.

2. Different application fields

CNY is the only standard symbol of RMB in international trade. Now it has replaced the symbol of RMB for foreign exchange settlement and domestic settlement. However, when used for domestic settlement, RMB can still be used and will not be confused.

3. Different nature

RMB is the abbreviation of RMB, and CNY is the standard currency symbol of RMB. Generally speaking, RMB is China's viewpoint and CNY is an international currency.

In fact, besides RMB, China's currency also includes Hongkong, Taiwan Province Province and Macau. The currency of Hong Kong is HKD, the standard currency symbol is HKD, the currency of Macao is MOP, the standard currency symbol is MOP, and the standard currency symbol is TWD.

The monetary unit of RMB is Yuan, and the symbol is Yuan, which is the same as that of Japan. Therefore, in order to avoid confusion, when two currencies appear at the same time, standard currency symbols are usually used as prefixes to distinguish them, such as CNY￥.

China yuan code CNY is the currency symbol assigned to China by the International Organization for Standardization. At present, the abbreviation of RMB yuan is RMB yuan, which uses the initial letter combination of RMB Chinese pinyin and the standard currency symbol is CNY.

In international trade, it is the only standard symbol of RMB. Now it has replaced the symbol of RMB for foreign exchange settlement and domestic settlement. However, RMB can still be used for domestic settlement without causing confusion.

General banks use CNY, and internal accounting of enterprises uses RMB. Sometimes, for simplification reasons (for example, only ASCII character set is supported in order to simplify printer design), ￥ in RMB is omitted and recorded as RMB.

So 5000 yuan means 5000 yuan. Now you know.