DigitalCNH.com

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DigitalCNH.com is for sale!

 – Digital CNH

Selling on DAN.com

 

Digital currency (digital money, electronic money or electronic currency) is a type of currency available in digital form (in contrast to physical, such as banknotes and coins). It exhibits properties similar to physical currencies, but can allow for instantaneous transactions and borderless transfer-of-ownership. Examples include virtual currencies, cryptocurrencies, and central bank digital currency. These currencies may be used to buy physical goods and services, but may also be restricted to certain communities such as for use inside an online game.
Digital currency is a money balance recorded electronically on a stored-value card or other devices. Another form of electronic money is network money, allowing the transfer of value on computer networks, particularly the Internet. Electronic money is also a claim on a private bank or other financial institution such as bank deposits.

Digital money can either be centralized, where there is a central point of control over the money supply, or decentralized, where the control over the money supply can come from various sources.

 

CNH refers to the Chinese Yuan in the offshore market , which is outside of Mainland China (the onshore market). China’s capital markets, including the FX market, are controlled and not fully opened yet. This leads to different features of the Chinese currency in the onshore and offshore markets, and thus two tickers are assigned to distinguish them.
In the onshore Mainland China market, the Chinese Yuan is called CNY . On the other hand, t he offshore market includes traditional Yuan centers, such as Hong Kong (a s pecial administrative region of China), Singapore, London and newly-developed centers such as Luxembourg.

 

 

China’s central bank may launch its own digital currency in the next 18 months amid strong endorsements of blockchain from the highest levels of government, signaling a desire for China to be self-reliant and globally competitive and adding another dimension to the growing U.S.-China tech rivalry.
“China is making these very large macro plays,” says Mike Wasyl, managing partner at DeerCreek, a corporate strategy firm that specializes in fintech and works with blockchain companies across Asia-Pacific and the U.S. “They want to maintain control and be seen as leaders and so adopting blockchain and being public about it, as we saw recently, is going to stir a lot of interest.”

 

Chinese Yuan Renminbi

 

Symbols and Names

  • Symbols: ¥
  • Nicknames: none

ISO 4217 Code

CNH and CNY

Central Bank

People”s Bank of China

Currency Subunits

  • Jiǎo = 1/10 of a Yuan
  • Fēn = 1/100 of a Yuan

Denominations

  • Bills: ¥0.1, ¥0.2, ¥0.5, ¥1, ¥2, ¥5, ¥10, ¥20, ¥50, ¥100
  • Coins: ¥0.01, ¥0.02, ¥0.05, ¥0.1, ¥0.5, ¥1

Countries Using This Currency

  • Mongolia
  • Myanmar

Currencies Pegged To CNH :

None

CNH Is Pegged To:

  • Basket of International Currencies

Find Other Currencies

  • Hong Kong Dollar (HKD)
  • Lao Kip (LAK)
  • Macau Pataca (MOP)
  • Mongolian Tugrik (MNT)
  • Taiwan Dollar (TWD)

 

 

 

 

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