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renminbi, monetary unit of China. One renminbi (yuan) is divided into 100 fen or 10 jiao. Chinese 100-yuan (renminbi) banknote (back side). The Peoples Bank of China has exclusive authority to issue currency. Banknotes are issued in denominations from 1 fen to 100 renminbi. This aspect of Yuan Gao Assistant Professor At University Of Memphis plays a vital role in practical applications.
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