EN
About the currency
The yuan is China’s monetary unit; the currency is also known as the renminbi. The People’s Bank of China is responsible for monetary policy. CNY denotes the yuan traded on the mainland, while international financial quotes may also use CNH to identify offshore yuan.
Chinese central bank policy, foreign trade and demand for dollars can influence the yuan. CNY/UAH also depends on movements in the hryvnia. In Ukraine, yuan may be needed to pay Chinese suppliers for goods and services or to fund travel. Check the payment details and supported settlement method before sending money: the official NBU rate is not a bank’s guaranteed selling price.
