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  2. 6 days ago · The two terms are similar and often used interchangeably. The key difference between them is that the RMB is the official currency, while the yuan is its principal unit of measurement.

    • Christina Majaski
    • 1 min
  3. A Yuan (Chinese: 圓/元; pinyin: yuán) is also known colloquially as a kuai (simplified Chinese: 块; traditional Chinese: 塊; pinyin: kuài; lit. 'lump'; originally a lump of silver). One Yuan is divided into 10 Jiao (Chinese: 角; pinyin: jiǎo; lit. 'corner') or colloquially Mao (Chinese: 毛; pinyin: máo; lit. 'feather').

  4. Nov 12, 2020 · China’s currency is officially the renminbi, which literally means ‘the people’s currency’, while the yuan is technically the unit of measurment of the renminbi. Despite...

    • 3 min
  5. en.wikipedia.org › wiki › RenminbiRenminbi - Wikipedia

    Renminbi is the name of the currency while yuan is the name of the primary unit of the renminbi. This is analogous to the distinction between "sterling" and "pound" when discussing the official currency of the United Kingdom. Jiao and fen are also units of renminbi.

    • CNY (numeric: .mw-parser-output .monospaced{font-family:monospace,monospace}156)
    • People's Bank of China
    • The language(s) of this currency do(es) not have a morphological plural distinction.
    • ¥
  6. Mar 28, 2024 · renminbi, monetary unit of China. One renminbi (yuan) is divided into 100 fen or 10 jiao. The People’s Bank of China has exclusive authority to issue currency. Banknotes are issued in denominations from 1 fen to 100 renminbi. The obverse of some banknotes contains images of communist leaders, such.

  7. Apr 29, 2022 · What Is the Yuan or Renminbi? China’s currency is called the "yuan" or "renminbi." The terms have slightly different usages. Renminbi means “people’s currency” and describes Chinese currency in general. The yuan is a unit of measure. One good way to think of the difference is "cash" versus ”dollars.”

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