Renminbi

CNY is the code for RMB, which is based on the abbreviation of Chinese Yuan. In international foreign exchange transactions, whether it is futures trading or margin, the currency symbol of a certain country is usually used.

The abbreviation of RMB is RMB￥. Its abbreviation is the combination of letters starting with the Chinese pinyin of RMB, and the standard currency symbol is CNY. Generally, banks use more CNY, and companies use more RMB for internal accounting. CNY is also called onshore RMB, and offshore RMB is called CNH.