The currency used in China is the Chinese yuan (CNY), also known as the renminbi (RMB).
The official currency of the People's Republic of China is the Chinese yuan, also known as renminbi. It is denoted by the symbol "¥" and is subdivided into 10 jiao or 100 fen. Banknotes come in denominations of 1, 5, 10, 20, 50, and 100 yuan, while coins are available in denominations of 1 yuan, 5 jiao, and 1 jiao. The renminbi is regulated by the People's Bank of China, which is the country's central bank. The renminbi is widely used in China, but its use is restricted outside the country due to government controls on its exchange rate.