Юань (CNY) is the official currency of the People's Republic of China. It is often represented by the symbol ¥ and is subdivided into smaller units called фэнь (fen). The currency is issued by the People's Bank of China and plays a crucial role in both domestic and international trade. The Юань is used in various forms, including banknotes and coins. In recent years, it has gained prominence in global markets, with increasing use in international transactions and as a reserve currency. The International Monetary Fund has included the Юань in its Special Drawing Rights basket, highlighting its growing importance in the world economy.