INFORMATION ABOUT CHINESE OFFSHORE YUAN
We show the updated today’s value/price of Chinese offshore yuan (CNH).You can get the exchange from Chinese offshore yuan to another currency by introducing the value or amount of Chinese offshore yuan (CNH) in the box and clicking the convert button. This way you can get the Chinese offshore yuan’s price in relation to other currencies.
INTRODUCTION TO THE CHINESE OFFSHORE YUAN
The Chinese offshore yuan (CNH) is the Chinese yuan (CNY) or renminbi. If the renminbi is traded in the continent, it is called as CNY; if it is traded at a distance from coast, principally in Hong Kong, it is the Chinese offshore yuan (CNH). This one has a float and greater value with reference to Chinese yuan (CNY). You can check the today value of Chinese offshore yuan and check its price.
The People’s Bank of China is an organization established in 1948 and its functions are: formulate and implement the monetary policy according the law, issuing the renminbi and administer its circulation, regulating financial markets, maintain balanced the exchange rate of renminbi, conduct the state currency and gold reserves, conduct the State Treasury as fiscal agent, monitor all money laundering related to suspect movements funds.
Countries that use the currency: Out of the PRC, Mongolia and Myanmar. It is used in Hong Kong.
Name: CHINESE OFFSHORE YUAN
Bills: ¥ 0.1, ¥ 0.2, ¥ 0.5, ¥ 1, ¥ 2, ¥ 5, ¥ 10, ¥ 20, ¥ 50, ¥ 100
Coins: jiao = 1/10 of one yuan; fen = 1/100 of one Yuan. ¥ 0.01, ¥ 0.02, ¥ 0.05, ¥ 0.1, ¥ 0.5, ¥ 1
Issuing Agent: People’s Bank of China Web: http://www.pbc.gov.cn/