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The yuan (;
sign A sign is an object, quality, event, or entity whose presence or occurrence indicates the probable presence or occurrence of something else. A natural sign bears a causal relation to its object—for instance, thunder is a sign of storm, or med ...
:
¥ The yen and yuan sign, ¥, is a currency sign used for the Japanese yen and the Chinese yuan currencies when writing in Latin scripts. This monetary symbol resembles a Latin letter Y with a single or double horizontal stroke. The symbol is usually p ...
; ; ) is the base unit of a number of former and present-day
currencies A currency, "in circulation", from la|currens, -entis, literally meaning "running" or "traversing" in the most specific sense is money in any form when in use or circulation as a medium of exchange, especially circulating banknotes and coins. ...
in
Chinese Chinese can refer to: * Something related to China * Chinese people, people of Chinese nationality, citizenship, or ethnicity **''Zhonghua minzu'', the supra-ethnic Chinese nationality ** Han Chinese, the majority ethnic group in Mainland China, ...
. A ''yuan'' () is also known colloquially as a ''kuai'' (; originally a lump of silver). One ''yuan'' is divided into 10 ''jiao'' () or colloquially ''mao'' ( "feather"). One ''jiao'' is divided into 10 ''fen'' ().


Current usage

Today, the term "Yuan" usually refers to the primary
unit of account In economics, unit of account is one of the money functions. Economics Unit of account in economics allows a somewhat meaningful interpretation of prices, costs, and profits, so that an entity can monitor its own performance. It allows shareholder ...
of the
renminbi The renminbi (abbreviated RMB; ; symbol: 元/¥; code: CNY) is the official currency of the People's Republic of China and one of the world's reserve currencies. The yuan () is the basic unit of the renminbi, but the word is also used to refer ...
(RMB), the currency of the
People's Republic of China China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population of around 1.4 billion. Covering approximately 9.6 million square kilometers (3.7 million m ...
. RMB banknotes start at one Yuan and go up to 100 Yuan. It is also used as a synonym of that currency, especially in international contexts – the
ISO 4217 showing the price in the ISO 4217 code "EUR" (''bottom left'') and not the currency sign € ISO 4217 is a Standardization|standard published by International Organization for Standardization (ISO) that defines alpha codes and numeric codes for ...
standard code for renminbi is CNY, an abbreviation of "Chinese yuan". (A similar case is the use of the terms ''sterling'' to designate British currency and ''pound'' for the unit of account.) The symbol for the yuan (元) is also used in Chinese to refer to the currency units of
Japan | image_flag = Flag of Japan.svg | alt_flag = Centered deep red circle on a white rectangle | image_coat = Imperial Seal of Japan.svg | alt_coat = Golden circle subdivided ...
''(
yen#REDIRECT Japanese yen {{R from other capitalisation ...
)'' and
Korea Korea (officially the "Korean Peninsula") is a region in East Asia. Since 1945 it has been divided into the two parts which soon became the two sovereign states: North Korea (officially the "Democratic People's Republic of Korea") and South Ko ...
''( won)'', and is used to translate the currency unit ''
dollar Dollar (symbol: $) is the name of more than 20 currencies. They include Australian dollar, Canadian dollar, Hong Kong dollar, New Zealand dollar, Singapore dollar, New Taiwan dollar, Jamaican dollar, Liberian dollar, Namibian dollar, Brunei dolla ...
'' as well as some other currencies; for example, the
United States dollar The United States dollar (symbol: ; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquial buck) is the official curren ...
is called ''Meiyuan'' () in Chinese, and the
euro The euro (symbol: €; code: EUR) is the official currency of 19 of the member states of the European Union. This group of states is known as the eurozone or euro area and includes about 343 million citizens . The euro, which is divided ...
is called ''Ouyuan'' (). When used in English in the context of the modern
foreign exchange market The foreign exchange market (Forex, FX, or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of ...
, the Chinese yuan (CNY) refers to the
renminbi The renminbi (abbreviated RMB; ; symbol: 元/¥; code: CNY) is the official currency of the People's Republic of China and one of the world's reserve currencies. The yuan () is the basic unit of the renminbi, but the word is also used to refer ...
(RMB), which is the official currency used in mainland China.


Etymology, writing and pronunciation

In Standard (Mandarin) Chinese, ''yuán'' literally means a "round object" or "round coin". During the
Qing Dynasty The Qing dynasty, officially the Great Qing (), was the last imperial dynasty of China. It was established in 1636, and ruled China proper from 1644 to 1912. It was preceded by the Ming dynasty and succeeded by the Republic of China. The mult ...
, the yuan was a round coin made of silver. In informal contexts, the word is written with the simplified
Chinese character Chinese characters, also called ''Hanzi'' (), are logograms developed for the writing of Chinese. They have been adapted to write other East-Asian languages, and remain a key component of the Japanese writing system where they are known ...
, that literally means "beginning". In formal contexts it is written with the simplified character or with the
traditional A tradition is a belief or behavior (folk custom) passed down within a group or society with symbolic meaning or special significance with origins in the past. A component of folklore, common examples include holidays or impractical but socially ...
version , both meaning "round", after the shape of the coins. These are all pronounced ''yuán'' in modern Standard Chinese, but were originally pronounced differently, and remain distinct in
Wu Chinese Wu (Chinese character: , , Mandarin: ) is a group of linguistically similar and historically related Sinitic languages spoken primarily in Shanghai, Zhejiang Province, the southern half of Jiangsu Province and surrounding areas. Major Wu varie ...
: = ', = '. In the People's Republic of China, '¥' or 'RMB' is often prefixed to the amount to indicate that the currency is the
renminbi The renminbi (abbreviated RMB; ; symbol: 元/¥; code: CNY) is the official currency of the People's Republic of China and one of the world's reserve currencies. The yuan () is the basic unit of the renminbi, but the word is also used to refer ...
(e.g. ¥100元 or RMB 100元).


Alternative words

In many parts of China, the unit of
renminbi The renminbi (abbreviated RMB; ; symbol: 元/¥; code: CNY) is the official currency of the People's Republic of China and one of the world's reserve currencies. The yuan () is the basic unit of the renminbi, but the word is also used to refer ...
is sometimes colloquially called ''kuài'' (, literally "piece") rather than ''yuán''. The pinyin term ''kuài'' has also been written as "quay" in English language publications In
Cantonese Cantonese ( zh|t=廣東話|s=广东话|first=t; Yale: ''Gwóngdūng wá'') is a language within the Chinese (Sinitic) branch of the Sino-Tibetan languages originating from the city of Guangzhou (also known as Canton) and its surrounding area in ...
, widely spoken in
Guangdong Guangdong (alternately romanized as Canton Province or Kwangtung) is a coastal province in South China on the north shore of the South China Sea. The capital of the province is Guangzhou. With a population of 113.46 million (as of 2018) a ...
,
Guangxi Guangxi (; alternately romanized as Kwanghsi; ; za|Gvangjsih), officially the Guangxi Zhuang Autonomous Region (GZAR), is an autonomous region of the People's Republic of China, located in South China and bordering Vietnam (Hà Giang, Cao Bằ ...
,
Hong Kong Hong Kong (, ), officially the Hong Kong Special Administrative Region of the People's Republic of China (HKSAR) (), is a metropolitan area and special administrative region of the People's Republic of China on the eastern Pearl River Delta o ...
and
Macau Macau (; , ; ), also spelled Macao and officially the Macao Special Administrative Region of the People's Republic of China (Chinese: 中華人民共和國澳門特別行政區), is a city and special administrative region of the People's Republ ...
, the ''yuan'', ''jiao'', and ''fen'' are called ''mān'' (), ''hòuh'' (), and ''sīn'' (), respectively. ''Sīn'' is a loan word from the English ''cent''.


Related currency units

The traditional character is also used to denote the base unit of
Hong Kong dollar The Hong Kong dollar (sign: HK$; code: HKD) is the official currency of Hong Kong. It is subdivided into 100 cents. The Hong Kong Monetary Authority is the governmental currency board and also the ''de facto'' central bank for Hong Kong and th ...
, the
Macanese pataca The Macau pataca or Macanese pataca (; pt|pataca de Macau; sign: MOP$; code: MOP) is the currency of Macau. It is subdivided into 100 ''avos'' (; ''sin''), with 10 avos called ''ho'' () in Cantonese. The abbreviation ''MOP$'' is commonly used. ...
, and the
New Taiwan dollar The New Taiwan dollar (code: TWD; symbol: NT$, also abbreviated as NT) is the official currency used in Taiwan. Formally, one dollar () is divided into ten dimes (), and to 100 cents (), although cents are never used in practice. The New Taiwan ...
. However, they do not share the same names for the subdivisions. The unit of a New Taiwan dollar is also referred to in Standard Chinese as ''yuán'' and written as 元, 圆 or 圓. The names of the
Korea Korea (officially the "Korean Peninsula") is a region in East Asia. Since 1945 it has been divided into the two parts which soon became the two sovereign states: North Korea (officially the "Democratic People's Republic of Korea") and South Ko ...
n and
Japan | image_flag = Flag of Japan.svg | alt_flag = Centered deep red circle on a white rectangle | image_coat = Imperial Seal of Japan.svg | alt_coat = Golden circle subdivided ...
ese currency units, won and
yen#REDIRECT Japanese yen {{R from other capitalisation ...
respectively, are
cognates In linguistics, cognates, also called lexical cognates, are words that have a common etymological origin. Cognates are often inherited from a shared parent language, but they may also involve borrowings from some other language. For example, the ...
of Mandarin ''yuán'', also meaning "round" in the
Korean Korean may refer to: People and culture * Koreans, an ethnic group originating in the Korean Peninsula * Korean cuisine * Korean culture * Korean language * Korean alphabet, or Hangul Places * Korean Peninsula, a peninsula in East Asia * Korea, ...
and
Japanese Japanese may refer to: * Something from or related to Japan, an island country in East Asia * Japanese language, spoken mainly in Japan * Japanese people, the ethnic group that identifies with Japan through culture or ancestry ** Japanese diaspora ...

Japanese
languages. The Japanese yen (''en'') was originally also written with the
kanji are the adopted logographic Chinese characters that are used in the Japanese writing system. They are used alongside the Japanese syllabic scripts ''hiragana'' and ''katakana''. The Japanese term ''kanji'' for the Chinese characters literally ...
(Chinese) character , which was simplified to with the promulgation of the ''
Tōyō kanji The ''tōyō kanji'', also known as the ''Tōyō kanjihyō'' (当用漢字表, "list of kanji for general use") are the result of a reform of the ''Kanji'' characters of Chinese origin in the Japanese written language. They were the kanji declared ...
'' in 1946. The Korean won (''won'') used to be written with the
hanja Hanja (, , or Hancha) is the Korean name for a traditional writing system consisting mainly of Traditional Chinese characters () that was incorporated and used since the Gojoseon period (400 BCE). More specifically, it refers to the Tradit ...
(Chinese) character from 1902 to 1910, and some time after
World War II World War II or the Second World War, often abbreviated as WWII or WW2, was a global war that lasted from 1939 to 1945. It involved the vast majority of the world's countries—including all the great powers—forming two opposing milit ...
. It is now written as in
Hangul The Korean alphabet, known as Hangul (Hangeul), .Hangul may also be written as following South Korea's standard Romanization. in South Korea and Chosŏn'gŭl in North Korea, is a writing system for the Korean language created by King Sejo ...
exclusively, in both
North North is one of the four compass points or cardinal directions. It is the opposite of south and is perpendicular to east and west. ''North'' is a noun, adjective, or adverb indicating direction or geography. Etymology The word ''north'' is re ...
and
South Korea South Korea (Korean: /, RR: ''Hanguk''; literally /, RR: ''Namhan'', or /, MR: ''Namchosŏn'' in North Korean usage), officially the Republic of Korea (ROK; Korean: /, RR: ''Daehan Minguk''), is a country in East Asia, constituting the ...
.


Early history

In 1889, the yuan was derived from the
Spanish dollar The Spanish dollar, also known as the piece of eight ( es|Real de a ocho, , , or ), is a silver coin of approximately diameter worth eight Spanish reales. It was minted in the Spanish Empire following a monetary reform in 1497. It was widely ...
which circulated widely in southeast Asia since the 17th century due to Spanish presence in the region, namely the
Philippines The Philippines (; fil|Pilipinas or ''Filipinas'' ), officially the Republic of the Philippines ( fil|Republika ng Pilipinas), * bik|Republika kan Filipinas * ceb|Republika sa Pilipinas * cbk|República de Filipinas * hil|Republika sang ...

Philippines
and
Guam | az|GUAM Demokratiya və İqtisadi İnkişaf naminə Təşkilat | ro|GUAM Organizația pentru Democrație și Dezvoltare Economică | linking_name = GUAM | symbol_type = Logo | image_symbol = GUAM logo.png | symbo ...
. It was subdivided into 1000 cash (), 100 cents or fen (), and 10 ''jiao'' (, ''cf.'' dime). It replaced
copper cash Cash was a type of coin of China and East Asia, used from the 4th century BC until the 20th century AD, characterised by their round outer shape and a square center hole (方穿, ''fāng chuān''). Originally cast during the Warring States period ...
and various silver ingots called
sycee Gold sycee and molds A sycee (;.. from Cantonese , ''sai-sì'', ). or yuanbao was a type of gold and silver ingot currency used in imperial China from its founding under the Qin dynasty until the fall of the Qing in the 20th century. Sycee wer ...
s. The sycees were denominated in
tael Tael (),"Tael" entry
at the Chinese Dragon Coinage
Ken Elks, 2000.
Banknotes were issued in yuan denominations from the 1890s by several local and private banks, along with the Imperial Bank of China and the "Hu Pu Bank" (later the "Ta-Ch'ing Government Bank"), established by the Imperial government. During the Imperial period, banknotes were issued in denominations of 1, 2 and 5 ''jiao'', 1, 2, 5, 10, 50 and 100 yuan, although notes below 1 yuan were uncommon. The earliest issues were silver coins produced at the
Guangdong Guangdong (alternately romanized as Canton Province or Kwangtung) is a coastal province in South China on the north shore of the South China Sea. The capital of the province is Guangzhou. With a population of 113.46 million (as of 2018) a ...
mint, known in the West at the time as Canton, and transliterated as Kwangtung, in denominations of 5 cents, 1, 2 and 5 ''jiao'' and 1 yuan. Other regional mints were opened in the 1890s producing similar silver coins along with copper coins in denominations of 1, 2, 5, 10 and 20 cash. The central government began issuing its own coins in the yuan currency system in 1903. Banknotes were issued in yuan denominations from the 1890s by several local and private banks, along with banks established by the Imperial government. The central government began issuing its own coins in the yuan currency system in 1903. These were brass 1 cash, copper 2, 5, 10 and 20 cash, and silver 1, 2 and 5 ''jiao'' and 1 yuan. After the revolution, although the designs changed, the sizes and metals used in the coinage remained mostly unchanged until the 1930s. From 1936, the central government issued nickel (later
cupronickel Cupronickel or copper-nickel (CuNi) is an alloy of copper that contains nickel and strengthening elements, such as iron and manganese. The copper content typically varies from 60 to 90 percent. (Monel is a nickel-copper alloy that contains a minimu ...
) 5, 10 and 20 fen and yuan coins. Aluminium 1 and 5 fen pieces were issued in 1940.


Date of first "yuan" coins by province

[[Image:调整大小 DSC00777.jpg|1 yuan, 90% silver, commemorative; President [[Duan Qirui, minted in 1924 This table sets out the first "[[Silver Dragon (coin)|silver yuan" coins minted by each province.


Republican era

In 1917, the warlord in control of [[Manchuria, [[Zhang Zuolin, introduced a new currency, known as the [[Liaoning|Fengtien yuan or dollar, for use in the Three Eastern Provinces. It was valued at 1.2 yuan in the earlier (and still circulating) "small money" banknotes and was initially set equal to the [[Japanese yen. It maintained its value (at times being worth a little more than the yen) until 1925, when Zhang Zuolin's military involvement in the rest of China lead to an increase in banknote production and a fall in the currency's value. The currency lost most of its value in 1928 as a consequence of the disturbance following Zhang Zuolin's assassination. The Fengtien yuan was only issued in banknote form, with 1, 5 and 10 yuan notes issued in 1917, followed by 50 and 100 yuan notes in 1924. The last notes were issued in 1928. The number of banks issuing paper money increased after the [[Xinhai Revolution|revolution. Significant national issuers included the "[[Commercial Bank of China" (the former Imperial Bank), the "[[Bank of China" (the former Ta-Ch'ing Government Bank), the "[[Bank of Communications", the "[[Ningpo Commercial Bank", the "[[Central Bank of China" and the "[[Farmers Bank of China". Of these, only the Central Bank of China issued notes beyond 1943. An exceptionally large number of banknotes were issued during the [[History of the Republic of China|Republican era (1911–1949) by provincial banks (both Nationalist and Communist). After the revolution, a great many local, national and foreign banks issued currency. Although the provincial coinages mostly ended in the 1920s, the provincial banks continued issuing notes until 1949, including Communist issues from 1930. Most of the banknotes issued for use throughout the country bore the words "National Currency", as did some of the provincial banks. The remaining provincial banknotes bore the words "Local Currency". These circulated at varying exchange rates to the national currency issues. After the revolution, in addition to the denominations already in circulation, "small money" notes proliferated, with 1, 2 and 5 cent denominations appearing. Many notes were issued denominated in English in [[Chinese cash (currency unit)|cash (''wén''). During the 1930s, several new currencies came into being in China due to the activities of the invading
Japan | image_flag = Flag of Japan.svg | alt_flag = Centered deep red circle on a white rectangle | image_coat = Imperial Seal of Japan.svg | alt_coat = Golden circle subdivided ...
ese. The pre-existing, national currency yuan came to be associated only with the Nationalist, Kuomintang government. In 1935, the Kuomintang Government enacted currency reforms to limit currency issuance to four major government controlled banks: the [[Bank of China, [[Central Bank of China, [[Bank of Communications and later the [[Farmers Bank of China. The circulation of silver yuan coins was prohibited and private ownership of silver was banned. The banknotes issued in its place were known as fabi () or "[[Legal tender". A new series of base metal coins began production in 1936 following the reforms. The Japanese established two collaborationist regimes during their occupation in China. In the north, the "[[Provisional Government of the Republic of China (1937–1940)|Provisional Government of the Republic of China" () based in [[Beijing|Peking (Beijing) established the ''Federal Reserve Bank of China'' (). The
Japan | image_flag = Flag of Japan.svg | alt_flag = Centered deep red circle on a white rectangle | image_coat = Imperial Seal of Japan.svg | alt_coat = Golden circle subdivided ...
ese occupiers issued coins and banknotes denominated in ''li'' () (and were worth of a yuan), fen, jiao and yuan. Issuers included a variety of banks, including the ''Central Reserve Bank of China'' (for the puppet government in [[Nanjing|Nanking) and the ''Federal Reserve Bank of China'' (for the puppet government in [[Beijing|Peking (Beijing)). The Japanese decreed the exchange rates between the various banks' issues and those of the Nationalists but the banknotes circulated with varying degrees of acceptance among the Chinese population. Between 1932 and 1945, the puppet state of [[Manchukuo issued its own [[Manchukuo yuan|yuan. In the aftermath of the [[World War II|Second World War and during the civil war which followed, Nationalist China suffered from hyperinflation, leading to the introduction of a new currency in 1948, the gold yuan. In the 1940s, larger denominations of notes appeared due to the high inflation. 500 yuan notes were introduced in 1941, followed by 1000 and 2000 yuan in 1942, 2500 and 5000 yuan in 1945 and 10,000 yuan in 1947. Between 1930 and 1948, banknotes were also issued by the Central Bank of China denominated in ''[[Chinese customs gold unit|customs gold units''. These, known as "gold yuan notes", circulated as normal currency in the 1940s alongside the yuan. Banknotes of the yuan suffered from [[hyperinflation following the [[World War II|Second World War and were replaced in August 1948 by notes denominated in gold yuan, worth 3 million old yuan. There was no link between the gold yuan and gold metal or coins and this yuan also suffered from hyperinflation. In 1948, the Central Bank of China issued notes (some dated 1945 and 1946) in denominations of 1, 2 and 5 jiao, 1, 5, 10, 20, 50, and 100 yuan. In 1949, higher denominations of 500, 1000, 5000, 10,000, 50,000, 100,000, 500,000, 1,000,000 and 5,000,000 yuan were issued. The Central Bank of China issued notes in denominations of 1 and 5 fen, 1, 2 and 5 jiao, 1, 5 and 10 yuan. In July 1949, the Nationalist Government introduced the silver yuan, which was initially worth 500 million gold yuan. It circulated for a few months on the mainland before the end of the civil war. This silver yuan remained the ''de jure'' official currency of the Republic government in Taiwan until 2000.


Civil War period

The various Soviets under the control of the [[Communist Party of China issued coins between 1931 and 1935, and banknotes between 1930 and 1949. Some of the banknotes were denominated in ''chuàn'', strings of wén coins. The People's Bank was founded in 1948 and began issuing currency that year, but some of the regional banks continued to issue their own notes in to 1949. After the defeat of Japan in 1945, the Central Bank of China issued a separate currency in the northeast to replace those issued by the puppet banks—north-eastern yuan (). It was worth 20 of the yuan which circulated in the rest of the country. It was replaced in 1948 by the gold yuan at a rate of 150,000 north-eastern yuan to 1 gold yuan. In 1945, notes were introduced in denominations of 1, 5, 10, 50 and 100 yuan. 500 yuan notes were added in 1946, followed by 1000 and 2000 yuan in 1947 and 5000 and 10,000 yuan in 1948. Various, mostly crude, coins were produced by the Soviets. Some only issued silver 1 yuan coins ([[Hunan, [[Hubei-[[Hunan-[[Anhui (Hupeh-Honan-Anhwei or E-Yu-Wan Soviet Area), [[Fujian-[[Zhejiang-[[Jiangxi (Min-Che-Kan or Min-Zhe-Gan Soviet Area), [[Shanbei|North Shaanxi (North Shensi or Shanbei Base Area) and [[Pingjiang County|Pingjiang (P'ing Chiang Base Area)) whilst the West [[Hunan-[[Hubei (Hsiang-O-Hsi or West Xiang-E) Soviet only issued copper 1 fen coins and the North-West [[Anhui (Wan-Hsi-Pei or North-West Wan) Soviet issued only copper 50 ''wen'' coins. The [[Chinese Soviet Republic issued copper 1 and 5 fen and silver 2 jiao and 1 yuan coins. The [[Sichuan-[[Shaanxi (Szechuan-Shensi or Chuan-Shan) Soviet issued copper 200 and 500 ''wen'' and silver 1 yuan coins. Notes were produced by many different banks. There were two phases of note production. The first, up until 1936, involved banks in a total of seven areas, most of which were organized as Soviets. These were:


Today

Production of banknotes by Communist Party forces ceased in 1936 but resumed in 1938 and continued through to the centralization of money production in 1948. A great many regional banks and other entities issued notes. Before 1942, denominations up to 100 yuan were issued. That year, the first notes up to 1000 yuan appeared. Notes up to 5000 yuan appeared in 1943, with 10,000 yuan notes appearing in 1947, 50,000 yuan in 1948 and 100,000 yuan in 1949. As the [[People's Liberation Army took control of most of China, they introduced a new currency, in banknote form only, denominated in yuan. This became the sole currency of mainland China at the end of the [[Chinese Civil War|civil war. A new yuan was introduced in 1955 at a rate of 10,000 old yuan = 1 new yuan, known as the [[Renminbi|renminbi yuan. It is the currency of the
People's Republic of China China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population of around 1.4 billion. Covering approximately 9.6 million square kilometers (3.7 million m ...
to this day. The term ''yuan'' is also used in Taiwan. In 1946, a new currency was introduced for circulation there, replacing the Japanese issued [[Taiwan yen, the [[Old Taiwan dollar. It was not directly related to the mainland yuan. In 1949, a second yuan was introduced in Taiwan, replacing the first at a rate of 40,000 to 1. Known as the
New Taiwan dollar The New Taiwan dollar (code: TWD; symbol: NT$, also abbreviated as NT) is the official currency used in Taiwan. Formally, one dollar () is divided into ten dimes (), and to 100 cents (), although cents are never used in practice. The New Taiwan ...
, it remains the currency of Taiwan today.


Connection with dollar

Originally, a silver yuan had the same specifications as a silver
Spanish dollar The Spanish dollar, also known as the piece of eight ( es|Real de a ocho, , , or ), is a silver coin of approximately diameter worth eight Spanish reales. It was minted in the Spanish Empire following a monetary reform in 1497. It was widely ...
. During the [[History of the Republic of China|Republican era (1911–1949), the transliteration "yuan" was often printed on the reverse of the first yuan banknotes but sometimes "dollar" was used instead. In the [[Republic of China, the common English name is the "New Taiwan dollar" but banknotes issued between 1949 and 1956 used "yuan" as the transliteration. More modern notes lack any transliteration.


See also

*[[Chinese customs gold unit *[[Ancient Chinese coinage *[[Digital yuan


References


Citations


Bibliography

* * * * {{DEFAULTSORT:Chinese Yuan [[Category:Currencies of Asia [[Category:Currencies of China [[bg:Юан [[es:Yuan chino [[he:יואן [[hu:Jüan [[tr:Yuan