CNY definition

CNY means Chinese Renminbi, the lawful currency of the People's Republic of China (including any lawful successor currency to the CNY);
CNY means the lawful currency of the PRC;
CNY means the lawful currency of the PRC which, for the purposes of these Conditions, excludes the Hong Kong Special Administrative Region of the PRC, the Macau Special Administrative Region of the PRC and Taiwan;

Examples of CNY in a sentence

  • The People's Bank of China ("PBOC") has established a clearing and settlement system pursuant to the Settlement Agreement on the Clearing of CNY Business between PBOC and Bank of China (Hong Kong) Limited.

  • The value of CNY against foreign currencies fluctuates and is affected by changes in the People's Republic of China and international political and economic conditions and by many other factors.

  • The government of the People's Republic of China continues to regulate conversion between CNY and foreign currencies despite the significant reduction over the years by such government of its control over routine foreign exchange transactions conducted through current accounts.

  • Although CNH and CNY are the same currency, they trade at different rates, and any divergence between CNH and CNY may adversely impact investors.

  • As a result, foreign exchange fluctuations between a purchaser's home currency and CNY may affect purchasers who intend to convert gains or losses from the sale or redemption of the Securities into their home currency.


More Definitions of CNY

CNY or "Renminbi" means the lawful currency of the PRC; "Coupon" means an interest coupon relating to a Bearer Note; "Couponholder" means the holder of a Coupon;
CNY means Renminbi yuan, the lawful currency of the PRC;
CNY means the onshore Chinese renminbi;
CNY means Renminbi yuan, the lawful currency of the People’s Republic of China;
CNY or “Renminbi” means the lawful currency of the PRC.
CNY means the lawful currency of the Republic of China.
CNY means Chinese Renminbi, the la wful currency of the People's Republic of China (including any lawful successor to the CNY);