Pound Sterling to Chinese Yuan Renminbi — exchange rate

Country of Circulation: United Kingdom, Guernsey, Isle of Man, Jersey

Currency Code, Symbol: GBP, £

Denominations of coins in circulation: 1p, 2p, 5p, 10p, 20p, 50p, £1, £2

Denominations of banknotes in circulation: £1, £5, £10, £20, £50, £100

History: The British pound or pound sterling (symbol: £, code: GBP, number: 826) is the national currency of the United Kingdom of Great Britain. It is an official currency of Gibraltar, the Falkland Islands, Saint Helena. The GBP abbreviation is used to identify £ in the international financial arena.Change is called pence, also known as British pennies. One GBP has 100 pennies. It is one of the oldest world currencies. The currency was issued in 1694, replacing the East African rupee. In spite of mass euro introduction on the European territory, Great Britain refused to get rid of its local currency. Pound sterling has remained the main reserve currency for many governments for a long time.Read More

Country of Circulation: China

Currency Code, Symbol: CNY, ¥

Denominations of coins in circulation: RMB 0.1, RMB 0.5, RMB 1 (1, 5 角；1 元)

Denominations of banknotes in circulation: RMB 0.1, RMB 0.5, RMB 1, RMB 5, RMB 10, RMB 20, RMB 50, RMB 100

History: The Chinese yuan (symbol  ¥, code: CNY, number 156) is the main national currency in the People's Republic of China. CNY is used in conversions, and on the global exchange markets. One yuan is divided into 10 jiao, and the latter one contains 10 fen.Small coins are not commonly used in payments. The Chinese yuan was issued to the market in 1949. The predecessor of the currency was the yuan of Inner Mongolia. CNY is not used on the territory of two PRC cities: Hong Kong and Macao. These localities have their own currency units.Read More