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base info Minu

Minu to Chinese Yuan Converter and calculator

Convert 1Minu (MINU) to Chinese Yuan (CNY) equals ¥ 0.{5}2898 | Bitget

CNY information

About the Chinese Yuan (CNY)

What Is the Chinese Yuan (CNY)?

The Chinese Yuan, denoted as CNY and symbolized by ¥, is the official currency of the People's Republic of China. It's also known as Renminbi (RMB), which translates to "People's Currency". The basic unit of the Renminbi is the yuan, and it's often used to refer to the Chinese currency, especially in international contexts. One yuan is subdivided into 10 jiao, and a jiao is further divided into 10 fen. The Chinese Yuan is the sole legal tender in the People's Republic of China.

The Chinese Yuan is issued by the People's Bank of China (PBOC), the monetary authority of the People's Republic of China. The PBOC oversees the production, distribution, and regulation of the currency, ensuring its stability and integrity in the financial system. In addition to managing the physical banknotes and coins, the central bank also regulates digital forms of the currency, including the recently introduced Digital Yuan.

What Is the History of CNY?

The Chinese Yuan was introduced by the People's Bank of China in December 1948, replacing various currencies circulating in the Communist-controlled areas. The currency underwent several revaluations, the most significant of which occurred in 1955, to combat hyperinflation. Initially pegged to the US dollar, the Chinese Yuan's value was adjusted to improve the competitiveness of Chinese exports as China transitioned to a market economy. Since 2006, the Yuan exchange rate has been allowed to float within a narrow margin around a fixed base rate, determined with reference to a basket of world currencies.

Notes and Coins of CNY

The Chinese Yuan is available in both coin and banknote forms. Coins range from ¥0.01 to ¥1, and banknotes are available in denominations from ¥0.1 to ¥100. The design and features of these notes and coins have evolved over time, with the latest series featuring advanced security features.

What is Digital Yuan (e-CNY)?

The Digital Yuan, also known as the Digital Currency Electronic Payment (DCEP), is the digital form of the People's Republic of China's official currency, the Renminbi (RMB). Launched in response to the rising trend of cashless transactions and the global shift towards digital currencies, the Digital Yuan aims to enhance transaction efficiency, bolster monetary policy, and provide a secure alternative to physical cash. Unlike decentralized cryptocurrencies, it operates under a centralized system, ensuring alignment with China's financial policies. The Digital Yuan features "controllable anonymity," balancing user privacy with state oversight to prevent illegal activities. Its introduction, marked by pilot programs in various cities and prominent use during the 2022 Winter Olympics, positions China as a leader in the realm of digital currencies issued by major economies and signals a significant shift in the global financial landscape towards embracing digital currency technology.

What Is the Difference Between CNY and RMB?

The terms "CNY" and "RMB" are often used interchangeably when referring to the currency of the People's Republic of China, but they have slightly different meanings:

RMB (Renminbi): The term "Renminbi," which means "People's Currency" in Mandarin, is the official name of the currency of China. It represents the currency system as a whole. Renminbi is the broader term that denotes the medium of exchange provided by the People's Bank of China.

CNY (Chinese Yuan): The term "Yuan" refers to the unit of the Renminbi currency. CNY is the international ISO currency code for the Chinese Yuan. When financial transactions are conducted internationally, or when exchange rates are mentioned, the abbreviation "CNY" is typically used.

In summary, while RMB refers to the currency system of China, CNY specifically denotes the unit of that currency used in international trading and financial contexts.

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Bitget crypto-to-fiat exchange data shows that the most popular Minu currency pair is the MINU to CNY, with for Minu's currency code being MINU. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for CNY.

MINU to CNY conversion rate trend

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In the past 1D, Minu has changed -4.67% to CNY. Based on the trend and price charts, Minu(MINU) has changed -4.67% to CNY while Chinese Yuan(CNY) has changed % to MINU in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
¥0.{5}2898
0.0001% / 0.0004%vip-iconVIP
Last updated 2024/04/16 10:08:06(UTC+0)

What factors influence the conversion rate of Minu to Chinese Yuan?

Minu to Chinese Yuan is falling this week.
Minu's current market price is ¥ 0.{5}2898 per MINU, with a total market cap of ¥ 17,235,767.3 CNY based on a circulating supply of 5,948,277,000,000 MINU. The trading volume of Minu has changed by -5.98% (¥ -1,720,264.55 CNY) in the last 24 hours. Last trading day, MINU's trading volume was ¥ 28,778,034.14.
Market cap
$2.38M
24h volume
$3.74M
Circulating supply
5.95T MINU

Conversion tables

The exchange rate of Minu is decreasing.
1 MINU is currently valued at ¥ 0.{5}2898 CNY , which means buying 5 MINU will cost ¥ 0.{4}1449 CNY . Similarly, ¥1 CNY can be traded for 345,112.38 MINU, and ¥50 CNY can be converted to 17,255,619.08 MINU, excluding any platform or gas fees.
The exchange rate of 1 MINU to Chinese Yuan has changed by -13.30% in the last 7 days. In the last 24 hours, the rate has fluctuated by -4.67%, reaching a high of 0.{5}3083 CNY and a low of 0.{5}2577 CNY . One month ago, the value of 1 MINU was ¥ 0.{5}3216 CNY , which represents a -9.94% change from its current value. Over the last year, Minu has changed by
+¥
0.{6}7117CNY
, resulting in a change of --% in its value.

MINU to CNY

Amount
10:08 am today
0.5 MINU
¥0.{5}1449
1 MINU
¥0.{5}2898
5 MINU
¥0.{4}1449
10 MINU
¥0.{4}2898
50 MINU
¥0.0001449
100 MINU
¥0.0002898
500 MINU
¥0.001449
1000 MINU
¥0.002898

CNY to MINU

Amount10:08 am today
0.5CNY172,556.19  MINU
1CNY345,112.38  MINU
5CNY1,725,561.91  MINU
10CNY3,451,123.82  MINU
50CNY17,255,619.08  MINU
100CNY34,511,238.16  MINU
500CNY172,556,190.78  MINU
1000CNY345,112,381.56  MINU
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Today vs. 24 hours ago

Amount10:08 am today24 hours ago24h change
0.5 MINU$0.{6}2002$0.{6}2100
-4.67%
1 MINU$0.{6}4004$0.{6}4199
-4.67%
5 MINU$0.{5}2002$0.{5}2100
-4.67%
10 MINU$0.{5}4004$0.{5}4199
-4.67%
50 MINU$0.{4}2002$0.{4}2100
-4.67%
100 MINU$0.{4}4004$0.{4}4199
-4.67%
500 MINU$0.0002002$0.0002100
-4.67%
1000 MINU$0.0004004$0.0004199
-4.67%

Today vs. 1 month ago

Amount10:08 am today1 month ago1M change
0.5 MINU$0.{6}2002$0.{6}2222
-9.94%
1 MINU$0.{6}4004$0.{6}4443
-9.94%
5 MINU$0.{5}2002$0.{5}2222
-9.94%
10 MINU$0.{5}4004$0.{5}4443
-9.94%
50 MINU$0.{4}2002$0.{4}2222
-9.94%
100 MINU$0.{4}4004$0.{4}4443
-9.94%
500 MINU$0.0002002$0.0002222
-9.94%
1000 MINU$0.0004004$0.0004443
-9.94%

Today vs. 1 year ago

Amount10:08 am today1 year ago1Y change
0.5 MINU$0.{6}2002$0.{8}1014
--
1 MINU$0.{6}4004$0.{8}2029
--
5 MINU$0.{5}2002$0.{7}1014
--
10 MINU$0.{5}4004$0.{7}2029
--
50 MINU$0.{4}2002$0.{6}1014
--
100 MINU$0.{4}4004$0.{6}2029
--
500 MINU$0.0002002$0.{5}1014
--
1000 MINU$0.0004004$0.{5}2029
--

FAQ

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