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List of renminbi exchange rates : ウィキペディア英語版 | List of renminbi exchange rates
The renminbi (RMB, also known as Chinese yuan; ISO code: CNY) is the official currency of the People's Republic of China.〔Excluding the Special Administrative Regions of Hong Kong and Macau, which use the Hong Kong dollar and Macanese pataca, respectively.〕 Although it is not a freely convertible currency, and has an official exchange rate, the CNY plays an important role in the world economy and international trade. This page lists past and present CNY exchange rates with other major currencies, in both nominal and purchasing power parity (PPP) terms. ==Background== After taking control of economic policy in 1978, Deng Xiaoping opened up China to foreign trade and investment, permitting a large influx of foreign capital and sparking rapid economic growth. In 2010, China's annual level of inward foreign direct investment (FDI) reached a record US$106 billion. As of 2013, China is the world's second-largest economy, with an estimated nominal gross domestic product (GDP) of US$8.25 trillion and a total international trade value of US$3.64 trillion.〔(2011 China trade data ). GTIG.com. 12 January 2012. Retrieved 2012-04-22.〕 Since the mid-1990s, the official CNY exchange rate has been adopted by numerous international financial and governmental organizations, such as the International Monetary Fund (IMF), the World Bank and the United Nations (UN). The perceived undervaluing of the CNY by the Chinese government has led to tensions between China and other major economies.
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