The main currency used in China is the Renminbi (RMB), which translates to "people's currency." The most commonly used unit of the Renminbi is the yuan (CNY). The currency has undergone significant changes since its introduction and has evolved into a global economic player, especially as China has grown as a powerhouse in trade and commerce. The People's Bank of China is responsible for issuing and regulating the Renminbi, ensuring its stability and supporting the country's monetary policy. The currency is widely accepted in China for everyday transactions and is increasingly accepted internationally.