Movies Books Music Food Tv Shows Technology Politics Video Games Parenting Fashion Green Living more >

Lunch » Tags » Finance » Reviews » Renminbi, RMB (CNY)

Renminbi, RMB (CNY)

1 rating: 4.0
The official currency of China

The Renminbi (RMB) (sign: ¥; code: CNY) is the official currency of the People's Republic of China (PRC), whose principal unit is the Yuan. The currency is legal tender in mainland … see full wiki

2 reviews about Renminbi, RMB (CNY)
review by . November 17, 2010
A bull in the making
The RMB is China's official currency. RMB stands for Renminbi (人民币) aka people's currency. Yuan is the unit (not $) and is denominated as ¥ somewhat similar to the Japanese yen. Yet, RMB is still not a free floating currency which translates to a fixed price level that the Chinese Government is controlling the magnitude of the band in which it may rise or fall. Naturally, the U.S. government has been blaming the Chinese government for controlling that movement. Yet, despite …
Quick Tip by . November 12, 2010
Despite that it's not a floating currency (yet), it is one of the best performing currencies in the world. Having said that, watch for the ascent of RMB when it is eventually being floated in the world. That's when you see a repeat of the Singapore Dollar (S$), only that the magnitude and the speed of increase will be a lot more phenomenal in the next decade. It is viewed by most western investors to be a currency that's undervalued.
What's your opinion on Renminbi, RMB (CNY)?
1 rating: +4.0
You have exceeded the maximum length.
Renminbi, RMB (CNY)
Renminbi, RMB (CNY)
Related Topics
Australian Dollar (AUD)

The official currency of Australia

Singapore Dollar

The official currency of Singapore

Hong Kong Dollar (HKD)

The official currency of Hong Kong

First to Review
© 2015 Lunch.com, LLC All Rights Reserved
Lunch.com - Relevant reviews by real people.
This is you!
Ranked #
Last login
Member since