The designation of the yuan (Yuán). Currencies of the world - designations
One of the symbols of the country, as well as a sign of the strength of the state in the economic plan is its monetary unit. For the world community, each currency has its own meaning and designation. The market economy of the whole world has bindings to some basic monetary units. We are talking about the US dollar, which largely determines the pricing policy, the euro, the basis of European markets. Also quickly in the world economy, China and its monetary unit breaks in. The currency of the yuan has long been in the use of this country.
Introduction of modern yuan in use
The beginning of the existence of this currency can be attributed to the nineteenth century, but the more modern status of the yuan was identified in 1948, when simultaneously the supervisory body of monetary value was established, the People's Bank of China, and the single monetary unit of the country was recognized.
Graphic symbol of the renminbi
But another stage in the development of Chinese money was the second monetary reform, in 1955, as a result of which appeared its first graphic designation. Yuan as currency in this period has acquired its own symbol, which is still relevant today. Not surprisingly, its designation was adopted in the form of the first Latin letter in writing the name of this currency. In addition, parallel horizontal lines were added to the designation. Their goal was to create a distinctive effect from the Chinese character, which has the meaning of "a wreck, a fork".
To determine the Chinese currency, use a fairly simple graphic designation. The Yuan is represented thus: Ұ. It is one band that is provided by the current rules, but this is only theoretically. In all places where there is a need to determine the currency, the yuan uses a symbol that is very similar to the Japanese yen, namely the same Latin letter, but only with two horizontal lines: ¥. This relationship arose due to the fact that the names of Japanese and Korean currencies come from the original Chinese character, which was already remembered and which means "a wreck, a fork". Also such a graphic nuance is explained by the settings in software systems of computer equipment. Simply put, the default Chinese font is SimSun, where the character is represented with one page. To still print it the way it was originally intended, you must select the font MingLiu in the settings.
Features of the use of the symbol of the renminbi
There is also another feature of the designation of the Chinese yuan. It is accepted that all currency signs indicate after the amount. But it is the symbol of the renminbi that is put before it, which distinguishes it from the US dollar, euro and many other monetary units. An example of reflection can be the writing of prices on goods, where they are indicated in this way: ¥ 34, if the purchase costs 34 yuan.
In addition to the graphical designation of the Chinese yuan, there is another option for determining the currency without its actual availability. To bring all world norms into uniform standards, there is an organization that is responsible for determining all international indicators in one system. International Organization for Standardization, abbreviated and more recognizable by ISO, has also created a standard for denoting monetary units of the world for currency transactions. ISO 4217 specifies a three-digit digital currency code when conducting its purchase or sale in order to settle the global financial markets. The first two digits mean the country where the currency issue occurs, the third sign shows the name of the currency, basically the first letter. The international currency designation "yuan" looks like CNY, that is CHINA YUAN.
Additional lettering of the renminbi
The Chinese yuan is still known as the RMB, which is more understandable to the Chinese as a "people's currency." Such its name also could not remain unmarked, therefore there is a different from CNY designation. Yuan also write, like RMB - from Renminbi. More often used is the first variant of letter reflection, since this sign of the yuan corresponds to the officially approved name of the currency. As for the second encoding, the interpretation of "people's money" and in calculations is more used only in the Chinese economy.
Digital version of the renaming
To encode when conducting currency transactions, there is also its numerical designation. The Yuan is chosen to display a number that is 156. Information about this code is useful for bank employees, accountants, economists, all those who conduct transactions in this monetary unit in operating programs. This way currencies are displayed in digital analogues documents. It is enough just to enter the code 156 - and immediately near the sum the name of the currency or the letter designation of the Chinese yuan will be displayed. This writing helps to simplify the management of financial documents and reduce possible errors in the display of monetary units of the world.
Universal currency symbol of the world
There are different currencies of the world, the designations of which are widely known. Each of them not only systemizes the entire money market, but also facilitates effective operations between enterprises of different countries, as well as consolidation of economies. In addition to codes, symbols, currency signs of specific states, there is also a symbol that is adopted as a universal sign for any currency. Basically, it is used when a transaction is made in a rarely used monetary unit or one that does not have its own designation. This graphic symbol looks like this: "¤". He first appeared in the world economy in 1972. At that time, they decided to use it to replace the familiar US dollar sign in the process of generating financial statements on the computer. Initially, it was planned that it could play the role of a universal symbol. That is why the Europeans used a different sign, because they were very opposed to the fact that the dollar with its designation will reach the front line. At that time in the first software complexes even the universal currency sign and the dollar sign had the same encoding in ASCII. But after a while, still, and for "¤" was introduced its code in the Unicode code table.
Thus, it was decided to use "¤" as a universal sign of money. To determine and specify in which currency an operation is carried out, it is necessary to carefully study the full text of the document, where the notation for all currencies is used, that is, the sign of "¤" with a digital symbol means equal to these figures the sum of units of a certain currency.
Instead of output
Signs are always and everywhere present in the life of any person. Money is not an exception. Each of them carries a semantic load. The Chinese yuan also did not become an exception, like all the world's currencies. Their designations have their own meaning, and also, as specialists on the popular Feng Shui teachings can say, the influence on the development of the entire economy of the state and its prosperity. The current full success of almost all branches of China makes it clear that the currency designations were chosen correctly.