GK
CURRENCIES OF THE WORLD
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Chinese yuan
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Hong Kong Dollar
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Chinese Yen
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Taiwanese Dollar
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Detailed explanation-1: -the pound: renminbi is the name of China’s currency, just as sterling is the currency of Great Britain. A unit of renminbi is a yuan, just as the pound is the basic unit of sterling. Renminbi and yuan are often used interchangeably.
Detailed explanation-2: -1 USD = 6.8941 CNY Mar 16, 2023 12:30 UTC The currency converter below is easy to use and the currency rates are updated frequently.
Detailed explanation-3: -The Chinese economy relies on its two currency system to regulate the exchange rate of its money and maintain control over foreign investments. The Chinese Renminbi (RMB) is used for domestic transactions within Mainland China, whereas the Chinese Yuan (CNY) is used for international transactions outside the mainland.