The official currency of China is the Renminbi, often abbreviated as RMB. The primary unit of the Renminbi is the Yuan, which is further divided into smaller units called Jiao and Fen. The currency symbol for the Yuan is ¥, and it is issued by the People's Bank of China, the country's central bank. The value of the Yuan is influenced by various factors, including China's economic performance, trade balance, and government policies. The currency is traded on international markets, and its exchange rate can fluctuate against other currencies, such as the US Dollar and the Euro.