Currency · Live data

Chinese Yuan

CNY

China · Issued by People's Bank of China

Price (USD)

$0.146278

Inflation (2024)

+0.22%

10y M2 change

—

M69 Score

98.6

Managed float; CIPS settlement

Market Cap (USD)

—

M2 source: World Bank

M2 (local currency)

—

broad money

CPI YoY (2024)

+0.22%

World Bank · annual

Central Bank

People's Bank of China

Visit issuer →

Country

China

ISO 4217 · CNY

Last Update

2026-04-25

Daily ingest · 02:00 UTC

Chinese Yuan M2 money supply

Broad money in CNY (cash + deposits + close substitutes), annual back to ~1960 via World Bank FM.LBL.BMNY.CN. Log scale auto-engages for hyperinflation outliers.

No M2 history available yet for CNY. World Bank coverage may be limited for this currency — direct central-bank feeds in a future release.

Chinese Yuan inflation history

Annual CPI YoY since 2001 — World Bank consumer price index for China. Inflation volatility is one of three inputs into the Money2069 sound-money score.

Purchasing power calculator

How much would your Chinese Yuan be worth today if you'd held it since…?

Amount in CNYIn yearRange: 2001 – 2024

100 CNY in 2001 buys today

23.31 CNYworth of goods

Lost 77% of purchasing power since 2001.

To match 2001 purchasing power, you need today

429.05 CNY

69 years of cumulative inflation.

Calculation: cumulative product of (1 + CPI YoY) from the chosen year through 2024. Source: World Bank consumer price index (annual). Daily-refreshed.

Data sources & methodology

FX (USD):: Frankfurter / ECB · daily
CPI YoY:: World Bank FP.CPI.TOTL.ZG · annual
M2 broad money:: World Bank FM.LBL.BMNY.CN · annual (LCU)
Market cap (USD):: M2 / FX rate · daily
10-year M2 change:: (M2 today / M2 10y ago) − 1
M69 score:: Weighted: CPI (50%), 10y M2 growth (40%), 1y FX stability (10%)
Last fetched:: 2026-04-25 15:49:43
Country code (ISO 3166-1):: CHN

Note: Managed float; CIPS settlement

Raw data: /api/v1/currencies/current/CNY

The Chinese Yuan from a sound-money lens

Managed float; CIPS settlement; the world's largest M2 by some measures.

The Chinese yuan (renminbi) is the only major reserve currency whose central bank does not target inflation in the conventional sense. The People's Bank of China manages a daily fixing band against a basket, runs explicit capital controls, and pursues a quantity-based monetary policy that prioritises credit growth and exchange-rate stability over headline CPI.

The result has been the largest M2 expansion in modern history — from ¥10 trillion in 2000 to over ¥300 trillion today, a 30x increase. Much of that money landed in real estate, pushing residential property to roughly 70% of household wealth, and triggering the slow-motion Evergrande/Country Garden debt crisis that's still unwinding.

Officially, CPI inflation has averaged around 2% over the past decade, including bouts of outright deflation (2024). Skeptics note that the official basket understates housing and services. What's not in dispute: the monetary base has grown fast enough that the yuan has lost roughly 70% of its 2000 purchasing power against any honest CPI deflator.

Internationalisation is the wildcard. CIPS — the cross-border yuan settlement system — now handles trillions in annual flows, and bilateral trade with Russia, Brazil, and several Gulf states settles increasingly in renminbi. The yuan's path to reserve status depends on capital-account convertibility, which would mean ceding the daily fixing — a trade-off Beijing has so far declined to make.

Frequently asked questions

Who issues the Chinese Yuan?+

The Chinese Yuan (CNY) is issued by People's Bank of China. As the monetary authority for China, it sets policy interest rates, manages foreign reserves, and controls the money supply.

What is the inflation rate of the Chinese Yuan?+

Latest available consumer price inflation for the Chinese Yuan: 0.22% YoY (2024). Source: World Bank annual series (FP.CPI.TOTL.ZG). Daily-refreshed historical chart on this page.

Has the Chinese Yuan been debased?+

Every fiat currency loses purchasing power over time as central banks expand the money supply. broad-money data is being added in our next release. Combined with cumulative inflation, this is the gap between CNY as accounting unit and CNY as a store of value.

Is the Chinese Yuan sound money?+

On the Money2069 0–100 sound-money scale, the Chinese Yuan currently scores 98.6. The score weights inflation volatility, 10-year money-supply growth, and 1-year FX stability. Higher = closer to sound. No fiat scores 100 because no fiat has zero issuance.

How does the Chinese Yuan compare to gold or the US dollar?+

Use the table on the listing page to sort all 138 tracked currencies by inflation, 10-year M2 change, or M69 score. Pegged currencies (USD-pegged dirham, riyal, etc.) inherit the dollar's debasement profile; floating currencies tell their own story.

How often is this data updated?+

We pull fresh exchange rates daily from Frankfurter (ECB-sourced) and refresh the inflation series from the World Bank. The page is statically rendered with 24-hour ISR. Source data is publicly accessible via our /api/v1/currencies endpoints.