What does CNY mean?

CNY stands for the Chinese Yuan, which is the official currency of the People's Republic of China. It is also commonly referred to as the Renminbi (RMB). The CNY is used in financial transactions and trading in China and is also increasingly used in international trade and investment. It is a key currency in the global economy, and its value is influenced by a variety of factors including China's economic performance, government policies, and global market trends. As a major currency, the CNY is often included in currency exchange rates, international investment portfolios, and foreign exchange reserves. Its movements and fluctuations are closely monitored by financial institutions, investors, and policymakers around the world.