What is Renminbi?
{{Infobox Currency |currency_name_in_local = {{lang|zh|人民币}} <small>{{in lang|zh}}</small> |image_1 = |image_title_1 = |iso_code = CNY | using_countries = {{flag|People's Republic of China}} |unofficial_users = {{flag|North Korea}} ''<small>(until Nov 2009)</small>''<ref name=peoplesdaily>{{cite news | title=RMB increases its influence in neighbouring areas | url=http://english.peopledaily.com.cn/200402/17/eng20040217_134974.shtml | publisher=[[People's Daily]] | date=2004-02-17 | accessdate=2007-01-13}}</ref><br/>{{flag|Myanmar}} (in [[Kokang]] and [[Wa State|Wa]])<br>{{flag|Hong Kong}}<br>{{flag|Macau}} |inflation_rate = 1.7%, October 2012 |inflation_source_date = ''[https://www.bbc.co.uk/news/business-20263978 BBC News]'' |inflation_method = [[Consumer price index|CPI]] |pegged_with = Partially, to a basket of trade-weighted international currencies |subunit_ratio_1 = 1 |subunit_name_1 = yuán (元,圆) |subunit_ratio_2 = 1/10 |subunit_name_2 = jiǎo (角) |subunit_ratio_3 = 1/100 |subunit_name_3 = fēn (分) |symbol = [[¥]] |nickname = none |nickname_subunit_1 = kuài (块) |nickname_subunit_2 = máo (毛) |no_plural = Y |rarely_used_coins = ¥0.01, ¥0.02, ¥0.05 |frequently_used_coins = ¥0.1, ¥0.5, ¥1 |frequently_used_banknotes = ¥1, ¥5, ¥10, ¥20, ¥50, ¥100 |rarely_used_banknotes = ¥0.1, ¥0.2, ¥0.5, ¥2 |issuing_authority = [[People's Bank of China]] |issuing_authority_website = www.pbc.gov.cn }} The '''renminbi''' is the [[currency]] of the [[People's Republic of China]]. It is the main currency used in [[mainland China]]. It is also sometimes accepted in [[Hong Kong]] and [[Macau]], and can be easily [[Exchange rate|exchanged]] in thos