CNY
Abbreviation with 2 meanings
| Stands for | Chinese yuan (renminbi) |
|---|---|
| Meanings | 2 |
| Categories | Business & Finance, Geography & Places |
CNY has two meanings. It stands for Chinese yuan (renminbi) (currency) or Central New York (region).
Meanings of CNY at a glance
| # | CNY stands for | Context |
|---|---|---|
| 1 | Chinese yuan (renminbi) | Business & Finance › Currency |
| 2 | Central New York | Geography & Places › Region |
1. Chinese yuan (renminbi)
Business & Finance · Currency Abbreviations
The ISO code for the currency of mainland China, issued by the People's Bank of China. Renminbi ("people's currency") is the currency's name and yuan its unit, divided into 10 jiao or 100 fen.
Example: The factory quoted CNY 85 per unit, FOB Shenzhen.
CNY refers to the onshore yuan, traded within mainland China in a managed float around a daily reference rate set by the central bank; offshore trading uses CNH. The renminbi joined the IMF's Special Drawing Rights basket in 2016. In everyday speech the yuan is called kuai, and prices use the ¥ sign.
2. Central New York
Geography & Places · Region Abbreviations
Region around Syracuse and Utica in the middle of New York State, used by local media and organizations. The Erie Canal and the Finger Lakes border the area.
Example: CNY apple orchards open for picking in September.
In finance CNY is the currency code of the Chinese yuan (renminbi), a far more common use worldwide.
Related abbreviations
More currency abbreviations
- CAD – Canadian dollar
- CHF – Swiss franc
- CLP – Chilean peso
- CNH – Offshore Chinese yuan
- COP – Colombian peso
- CUP – Cuban peso
- CZK – Czech koruna
- d. – Denarius (penny)
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