Cryptocurrency Q&A
Why does China have two currencies?
Why does China have two currencies?
Valentina
Wed Oct 23 2024
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6 answers
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I don't understand this question. Could you please assist me in answering it?
6 answers
Daniele
Fri Oct 25 2024
The Chinese economy employs a dual currency system to manage its monetary affairs effectively.
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EchoSoulQuantum
Fri Oct 25 2024
This system is designed to regulate the exchange rate of its money and ensure stability.
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Federica
Thu Oct 24 2024
The Chinese Renminbi (RMB) serves as the primary currency for domestic transactions.
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KabukiPassion
Thu Oct 24 2024
It is widely used within Mainland China for everyday economic activities.
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Carolina
Thu Oct 24 2024
On the other hand, the Chinese Yuan (CNY) is utilized for international transactions.
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