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

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

One question continues to perplex many as Beijing looks at the internationalization of its currency: Does China have two currencies? Does it use CNY, RMB, or both? RMB is the official … See more

The Chinese yuan wasn't considered an international currency for years because of the Chinese government's rigid controls. This began to change as the Chinese go… See more