CURRENT AFFAIRS

2019

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is the currency of China?
A
Yuan
B
Yen
C
Chinese Dollar
D
Real
Explanation: 

Detailed explanation-1: -renminbi, (Chinese: “people’s money”) also called yuan, monetary unit of China. One renminbi (yuan) is divided into 100 fen or 10 jiao.

Detailed explanation-2: -In Standard (Mandarin) Chinese, yuán literally means a “round object” or “round coin". During the Qing Dynasty, the yuan was a round coin made of silver. In informal contexts, the word is written with the simplified Chinese character , that literally means “beginning".

Detailed explanation-3: -Currency exchange rate Chinese yuan to U.S. dollar by month December 2022. In December 2022, the exchange rate of yuan to U.S. dollar was 6.96. In the past decades, the yuan had undergone a slow liberalization being more and more exposed to the international money market.

Detailed explanation-4: -1 USD = 6.8003 CNY Feb 10, 2023 07:30 UTC The currency converter below is easy to use and the currency rates are updated frequently.

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