Economy of China the stock in some firms. Lines of credit were extended by CFS to 21 securities firms, some of which also purchased up to 5% of some companies stocks. Some of the small cap stocks acquired may be overvalued. Chinese stocks fell about 10% during the last week of July 2015 with record breaking losses on Monday. The renminbi ("people's currency") is the currency of China, denominated as the yuan, subdivided into 10 jiao or 100 fen. The renminbi is issued by the People's Bank of China, the monetary authority of China. The ISO 4217 abbreviation is CNY, although also commonly
Mene (unit) Mene (unit) The mĕnē (also mina, Aramaic) () is an ancient Mesopotamian unit of weight for gold or silver and one of the earliest written words for money. The mĕnē, like the shekel, was also a unit of currency. In ancient Greece, it originally equalled 70 drachmae and later was increased to 100 drachmae. The Greek word "mna" was borrowed from Semitic; compare Hebrew "māneh", Aramaic "mĕnē", Syriac "manyā", Ugaritic "mn", and Akkadian "manū". However, before it was used as currency, a mene was a unit of measurement, equal to 567 grams. One mĕnē of gold would be worth $23,000