What is the Chinese Yuan Renminbi (CNY)? Basic information about the Chinese Yuan Renminbi Pound currency

The Chinese yuan renminbi (simplified Chinese: 人民币), or CNY, which means ‘people’s currency’, is the official currency of the People’s Republic of China. The term ‘renminbi’ refers to the name of the currency while ‘yuan’ refers to the basic unit of the Chinese currency. The symbol of the renminbi is ¥. As it is shared with the Japanese yen (JPY), CN¥ is sometimes used to distinguish the Chinese yuan renminbi from the yen.

What is the Hong Kong Dollar (HKD)? Basic information about the Hong Kong Dollar currency

Introduced in 1863, the Hong Kong dollar (Chinese: 港元), or HKD, is the official currency of Hong Kong. The symbol of the Hong Kong dollar is $, along with HK$, which is sometimes used to distinguish Hong Kong dollars from other dollar-denominated currencies. Hong Kong dollars are also used in Macau, where the local currency Macau patacan is pegged to HKD.