China's monetary unit is the Yuan, which is a four-letter word. The Yuan is the official currency of the People's Republic of China and is also used in the Special Administrative Regions of Hong Kong and Macau. It is subdivided into 10 jiao or 100 fen. The Yuan is issued by the People's Bank of China, the central bank of the country. The Yuan is the primary unit of account in China and is also used in international trade.