▁Island ▁At ▁Google ▁Maps ▁ ▁Category : M uk ono ▁District ▁Category : L ake ▁islands ▁of ▁U g anda ▁Category : Is lands ▁of ▁Lake ▁Victoria <0x0A> </s> ▁Ren min bi ▁currency ▁value ▁is ▁a ▁debate ▁affect ing ▁the ▁Chinese ▁currency ▁unit , ▁the ▁ren min bi ▁( ▁Code : CN Y ). ▁The ▁ren min bi ▁is ▁class ified ▁as ▁a ▁fixed ▁exchange ▁rate ▁currency ▁" with ▁reference ▁to ▁a ▁basket ▁of ▁curr encies ", ▁which ▁has ▁drawn ▁attention ▁from ▁nations ▁which ▁have ▁freely ▁flo ated ▁currency ▁and ▁has ▁become ▁a ▁source ▁of ▁trade ▁fr iction ▁with ▁Western ▁nations . ▁ ▁Background ▁ ▁The ▁ren min bi ▁was ▁introduced ▁in ▁October ▁ 1 9 4 9 ▁after ▁the ▁Commun ists ▁took ▁power ▁on ▁the ▁Chinese ▁main land ▁and ▁established ▁the ▁People ' s ▁Republic ▁of ▁China . ▁Since ▁the ▁Chinese ▁economic ▁re forms ▁of ▁ 1 9 7 8 , ▁China ▁has ▁become ▁the ▁world ' s ▁biggest ▁exp orter , ▁second ▁largest ▁economy ▁and ▁biggest ▁manufact urer ▁in ▁the ▁world . ▁ ▁For ▁most ▁of ▁its ▁early ▁history , ▁the ▁ren min bi ▁was ▁p eg ged ▁to ▁the ▁U . S . ▁doll ar ▁at ▁ ¥ 2 . 4 6 ▁per ▁US D ▁( note : ▁during ▁the ▁ 1 9 7 0 s ▁it ▁was ▁re valu ed ▁until ▁it ▁reached ▁ ¥ 1 . 5 0 ▁per ▁US D ▁in ▁ 1 9 8 0 ). ▁ ▁Its ▁value ▁gradually ▁decl ined ▁as ▁China ▁emb ark