The renminbi (RMB, ¥; code: CNY; also CN¥, 元 and CN元) is the currency of the People's Republic of China. It is the main currency used in mainland China. It is also sometimes accepted in Hong Kong and Macau, and can be easily exchanged in those territories. The currency is issued by the People's Bank of China, the monetary authority of China. Its name means "people's currency" ().