Zhongguo Bank notes from China Renmin Yingyang, Euros and Green Back Bank note Dollars from United States of America
Trading between USA and China The yuan is, in the Chinese language, the base unit of a number of modern Chinese currencies. The same character is used to refer to the cognate currency units of Korea and Japan, and is used to translate the currency unit "dollar"; for example, the US dollar is called Meiyuan or "American yuan", in Chinese. When used in English in the context of the modern foreign exchange market, the "Yuan" or "Chinese yuan" most commonly refers to the renminbi (CNY). One yuan is divided into 10 jiao or colloquially "feathers" . One jiao is divided into 10 fen In Cantonese, widely spoken in Hong Kong and Macau, jiao and fen are called ho and sin. "Sin" is a word borrowed into Cantonese from the English "cent". China (traditional Chinese:simplified Chinese: 中国; Hanyu Pinyin: Zhōngguó (help·info); Tongyong Pinyin: Jhongguó; Wade-Giles (Mandarin): Chung¹kuo²) is a cultural region, an ancient civilization, and, depending on perspective, a national or multinational entity extending over a large area in East Asia. The dollar is the unit of currency of the United States. The dollar has also been adopted as the official and legal currency by the governments in a few other countries. The dollar is normally abbreviated as the dollar sign, $, or as USD or US$ to distinguish it from other dollar-denominated currencies and from others that use the $ symbol. It is divided into 100 cents. Taken over by the Congress of the Confederation of the United States on July 6, 1785, the dollar is the currency most used in international transactions. Several countries use the dollar as their official currency, and many others allow it to be used in a de facto capacity.[citation needed] In 1995, over US $380 billion were in circulation, two-thirds of which was outside the United States. By 2005, that figure had doubled to nearly $760 billion, with an estimated half to two-thirds being held overseas, representing an annual growth rate of about
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