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Exchange Australian Dollars to Chinese Yuan, from the comfort of your home
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More than 423 currency exchange offices in 25 countries.
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What you need to know about the currency Chinese Yuan
The yuan (CNY) is the basic unit of the Renminbi (RMB), the official currency of China since 1949. The term Chinese yuan is the colloquial name used to refer to the currency. The Chinese yuan is a reserve currency for the International Monetary Fund.
The Chinese yuan (whose symbol is 元) is divided into 10 Chinese jiao (角). One jiao, in turn, is divided into 10 fen (分). Currently, there are banknotes of 1, 2, and 5 jiao and of 1, 2, 5, 10, 20, 50, and 100 yuan. The value of the banknotes in China is written in the country's language.
The Chinese currencies in circulation are 1, 2 and 5 fen, 1 and 5 jiao, and 1 yuan. Series of these currencies have been issued since 1949. The latest series are from 2005. In 2006, it was proposed to include leaders Sun Yat-sen and Deng Xiaoping on the obverses, but it was not carried out.
The term yuan has its origins in China and was coined after the use of Spanish silver coins, known as the real de a ocho. In exchanges with Europeans in the 16th century, the Chinese traded their local products for silver, and thus it arrived in the country.
In 2019, the Central Bank of China announced the launch of the digital renminbi. This Chinese digital currency was presented as an alternative to expand the Chinese financial market, although its deployment among the population is still not effective.
What do the banknotes/coins look like?
Front part
*The banknotes and coins correspond to the newest issued series and are for reference. Colours may vary and there may be more designs than those shown.
