CNY


Also found in: Acronyms.

CNY

The ISO 4217 currency code for Chinese Renminbi (Yuan).
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

CNY

ISO 4217 code for the Chinese renmimbi. It was introduced in Communist areas of China in 1948 during the Chinese Civil War, replacing multiple currencies previously in use. For much of its history, it was pegged to the U.S. dollar, which became especially important during the 1980s when China began opening itself to international trade. In 2005, the peg was changed to a currency basket, though the dollar remains important. In 2009, the Chinese government started to signal further dissociation from the dollar, though analysts disagree on how serious such moves are given the amount of dollar debt held by China.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
The authority of foreign exchange of China took advantage of fixed target of CNY against USD.
* Table 5: China - Instant Noodles: Retail market segmentation by value (bn CNY) (2007 - 2015)
Thus, for each country and each year, we calculate the mean daily country portfolio abnormal returns during the (-4, +4) trading day window surrounding the cultural New Year (CNY Days) and the mean daily returns of all other trading days excluding the (-9, +9) trading window surrounding January 1st (Other Days).
Earlier, China's central bank would allow CNY to deviate from a fixed rate, which was up to 2% until recent weeks.
The new products are expected to support SME customers with existing China affiliations to conduct easy trade settlements, provide them with an option of holding their balances in CNY currency, and hedge their currency risks.
Hong Kong International Airport on Sunday announced that its traffic was boosted in January 2012 by a strong Chinese New Year (CNY).
As a result, an offshore RMB market, known as the CNH market, was created in Hong Kong alongside the onshore market, now dubbed the CNY market.
How to find affordable last-minute Chinese New Year hotel deals online The annual Chinese New Year (CNY) holiday is now about much more than just staying with friends and family these days.
China Southern Airlines reported a net profit of CNY 2.755 billion ($531.6 million) for the first half of this year, up 32.71% over the CNY 2.076 billion earned last year.
Over 80 million CNY was invested in this program and will be completed in three stages.
It is these creative occupations that leaders in Central New York (CNY) recognize they need to incubate if they are to succeed with developing a new economy.
One Chinese yuan Renminbi (CNY) is worth approximately 0.07 British pounds (GBP).