It is "fen". The units of RMB in China are yuan, jiao and fen, among which the smallest unit is fen. In fact, the unit of RMB is yuan, but in addition to the primary currency, RMB also has the setting of secondary currency. The secondary currency units are jiao and fen. One yuan is equal to ten cents, and one jiao is equal to ten cents, so the unit of cents is smaller than the angle.
The issuance of "money" in China:
RMB is issued by the People's Bank of China. The first set of RMB, the second set of RMB and the third set of RMB have been withdrawn from circulation, with the exception of coins of 1, 2 and 5 cents. The fourth set of RMB has been withdrawn from circulation since May 1, 2018.
The RMB in circulation on the market is the fifth set of RMB notes in circulation, including dimes, dimes, 1 yuan, 5 yuan, 10 yuan, 20 yuan, 50 yuan, 100 yuan coins, including 1 cent, 2 cents, 5 cents, 1 jiao, 5 jiao and 1 yuan.
In 1950, Mr. Ma Wenwei wrote the words "People's Bank of China" for RMB under the entrustment of President Nan Hanchen.
What is the smallest unit of money
There are usually two monetary units in the world with good liquidity (not limited to domestic circulation), one is yuan, the other is cent, and there is no "horn" in the middle. For example, the currencies of the United States and the euro area have already obtained euro cents, US dollars and cents, euro and euro cents, and British pounds and pence.
The currency value ratio of these two types of currencies is not 1:10, but 1:100, that is, 1 yuan=100 cents.
What is the smallest unit of money
Now the smallest unit of RMB is the minute.
The unit of RMB is yuan, and the units of fractional currency of RMB are jiao and fen. One yuan equals ten cents, and one jiao equals ten cents. Since the People's Republic of China issued RMB, it has taken more than 60 years to gradually improve and improve with the development of economic construction and the needs of people's life. So far, five sets of RMB have been issued, forming a multi variety and multi series currency system such as paper currency and metal currency, ordinary commemorative currency and precious metal commemorative currency.