CNH: Difference between revisions
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The currency of the People's Republic of China (PROC), when it is traded offshore. | The currency of the People's Republic of China (PROC), the yuan renminbi, when it is traded offshore. | ||
The yuan is a heavily regulated currency but as part of the process of internationalising the currency the Chinese authorities have allowed a market in offshore deposits to develop. | |||
The yuan renminbi is a heavily regulated currency, but as part of the process of internationalising the currency the Chinese authorities have allowed a market in offshore deposits to develop. | |||
The currency traded offshore is known as the renminbi CNH whereas the onshore currency is known as the renminbi CNY. | The currency traded offshore is known as the renminbi CNH whereas the onshore currency is known as the renminbi CNY. | ||
CNH is sometimes known as 'offshore CNY' or 'offshore RMB'. | |||
Of these three currency codes, only 'CNY' is an official ISO currency code. | |||
== See also == | == See also == | ||
* [[Dim sum bond]] | * [[Dim sum bond]] | ||
* [[ISO currency codes]] | |||
* [[Offshore]] | |||
* [[Onshore]] | |||
* [[RMB]] | |||
* [[The RMB takes centre stage: the internationalisation journey]] | * [[The RMB takes centre stage: the internationalisation journey]] | ||
* [[Yuan renminbi]] | * [[Yuan renminbi]] | ||
[[Category:The_business_context]] | |||
[[Category:Cash_management]] | |||
[[Category:Financial_products_and_markets]] | |||
[[Category:Liquidity_management]] | |||
Latest revision as of 15:48, 26 June 2022
The currency of the People's Republic of China (PROC), the yuan renminbi, when it is traded offshore.
The yuan renminbi is a heavily regulated currency, but as part of the process of internationalising the currency the Chinese authorities have allowed a market in offshore deposits to develop.
The currency traded offshore is known as the renminbi CNH whereas the onshore currency is known as the renminbi CNY.
CNH is sometimes known as 'offshore CNY' or 'offshore RMB'.
Of these three currency codes, only 'CNY' is an official ISO currency code.
