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What does CNY mean in Chinese?

CNY is the official ISO 4217 abbreviation for China's currency. The yuan character is also used in the names of other currencies such as the New Taiwan Dollar and the Hong Kong Dollar. The character yuan is used for round or circular things in Mandarin Chinese.

Where can I buy digital Yuan / E-CNY in China?

Only Chinese citizens can purchase digital yuan or e-CNY. It can be purchased through certain banks in select Chinese cities as well as through online payment services WeChat and Alipay. The currency of China is referred to as either the Chinese yuan (CNY) or renminbi (RMB).

What is the difference between CNY and Renminbi?

CNY is a unit of the currency. A popular analogy draws from British currency: RMB is the name of China's currency just as sterling is the currency of Great Britain. A unit of renminbi is a CNY just as the pound is the basic unit of sterling. RMB and CNY are often used interchangeably.

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