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Definitions from the WebChinese Monetary UnitDescription:Chinese Monetary Unit refers to the official currency used in China. The monetary unit of China is known as the renminbi (RMB), which is further divided into units called yuan (CNY). This term encompasses the various denominations and coins that are part of the currency system in China. Senses:Sense 1: The Currency of ChinaIn this sense, Chinese Monetary Unit refers to the legal tender used in China. It includes banknotes and coins, with yuan being the most prevalent unit of the Chinese currency. The renminbi is managed by the People's Bank of China. Related Amazon search: Chinese Renminbi on Amazon Sample sentence 1: The Chinese Monetary Unit is the renminbi, which is widely used in daily transactions in China.Sample sentence 2: Changing your currency to the Chinese Monetary Unit is necessary when traveling to China. Sense 2: Yuan - Basic Unit of RenminbiIn this sense, Chinese Monetary Unit refers to the primary unit of the Chinese currency known as yuan. One yuan is equal to ten jiao or one hundred fen. Related Amazon search: Chinese Yuan on Amazon Sample sentence 1: The price of that item is five Chinese Monetary Units, or in other words, five yuan.Sample sentence 2: How many Chinese Monetary Units are there in a dollar? Sense 3: Denomination of RenminbiIn this sense, Chinese Monetary Unit refers to the various denominations of banknotes and coins that form the renminbi currency. The denominations include notes such as 1 yuan, 5 yuan, 10 yuan, 20 yuan, 50 yuan, and 100 yuan, as well as coins in smaller values. Related Amazon search: Chinese Renminbi Banknotes on Amazon Sample sentence 1: The Chinese Monetary Unit in my pocket consists of a 10 yuan note and a few coins.Sample sentence 2: He exchanged his Chinese Monetary Units for US dollars at the bank. Usage:The Chinese Monetary Unit is used for all financial transactions within China. It is accepted by businesses, government institutions, and individuals as the standard currency of the country. Tourists visiting China are required to convert their own currency to the Chinese Monetary Unit for local purchases and services. | ||||
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