What currency is CNY?

CNY is the official currency code for the Chinese Yuan Renminbi, which is the official currency of the People's Republic of China. It is commonly used in finance and international trade transactions, and is often referred to simply as the Yuan. The currency is issued and regulated by the People's Bank of China, and is used in a wide range of financial transactions, including foreign exchange trading, investments, and international payments. The Yuan is also used as a reserve currency by some central banks and is an important component of the global financial system. Its value is subject to fluctuation in the foreign exchange market and is influenced by various economic and geopolitical factors.