China's currency is called yuan renminbi. One us dollar is equal to 6.58 renminbi.
what is the currency of china
Currently, one American dollar equals about 6.82 CYRs (Chinese Yuan Renminbi). Comparatively, one CYR equals about 15 cents in American currency.
US population 308,745,538 (2010) China's population 1,336,718,015 (2011)
18 May 2010: 1 US $ = 3,3819 Romanian lei
Yuans is the currency for china
Currently, one American dollar equals about 6.82 CYRs (Chinese Yuan Renminbi). Comparatively, one CYR equals about 15 cents in American currency.
The United States is bigger in land area compared to China. China is bigger in population.
Under-valuation or Overvaluation of currency could be with respect to goods and services Taking for instance US, over valued US dollars would mean that buying goods and services in the US will be more expensive when compared to what the same dollar amount would fetch for goods and services in China (where currency is undervalued). A tourist would have more bargain for his bucks shopping in China than in the US. Also, the effect of this is that cost of production in the US would be high and manufacturers would only make little profits from exports/sale of its goods and services. Conversely, in China, the undervaluation of their currency allows for cheap production of goods and expansion of their export market.
so other people not in china know
Yuan is the name of china's currency
Renminbi is the official currency of China.
yaun is the currency used in China
7 years