It’s not the world, it’s a regional currency.
Among the policies still implemented by the Chinese government, RMB cannot be freely convertible with foreign currencies, that is, the development market of RMB has not been established, so RMB is not.
RMB is the legal currency of the People’s Republic of China. The unit of RMB is Yuan, and the subsidiary units of RMB are jiao and fen.
A dollar is equal to 10 dimes, and a dime is equal to 10 cents.
For the first letter of the pinyin capital Y plus two horizontal that is “£¤”.
World currency generally refers to the world.
International reserve currency, commonly known as world currency, refers to the currency that is generally accepted by all countries and plays a general role of equivalent in international commodity circulation. It is not only a measure of commodity value, but also a means of international payment, purchase and wealth transfer.
For a currency issued by a country to become a “world currency”, the following conditions must be met: the issuing country must have strong economic strength, the currency must have considerable stability, and the currency must be unanimously recognized by the using countries through international agreement.
