Chinese Yuan Explained: Understanding Its Role in Global Trade and the Future of Digital Currency
Discover the Power of the Chinese Yuan: Global Trade, Digital Innovation, and Economic Influence What is the Yuan? The yuan is the primary unit of the Renminbi, which translates to “the people’s currency.” Introduced by the People’s Bank of China (PBOC) in 1949, it is symbolized as ¥ and abbreviated as CNY or CNH (offshore…