In Mandarin Chinese, the character yuan is used for round or circular things.This word was also used for the silver Spanish dollars introduced by European merchants in the 17th and 18… See more

The People’s Bank of China (PBOC)was established during the Chinese Civil War, and issued the first RMB notes in December 1948, about a year before the Chinese C… See more

With Beijing looking at the internationalization of its currency, one question continues to perplex many: Does China have two currencies? Does it use CNY, RMB… See more

For years, the Chinese yuan was not considered an international currency because of the Chinese government's rigid controls. However, this then began to change as t… See more

The currency of China is referred to as either the Chinese yuan (CNY) or renminbi (RMB). The two terms are similar and often used interchangeably. The key difference between th… See more