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- The currency of China is referred to as either the Chinese yuan (CNY) or renminbi (RMB)12. The two terms are similar and often used interchangeably. The renminbi is the official currency, while the yuan is its principal unit of measurement12. The exchange rate is approximately 1 US Dollar = 7.13 Chinese Yuan Renminbi3.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.The currency of China is referred to as either the Chinese yuan (CNY) or renminbi (RMB). The two terms are similar and they're often used interchangeably. The key difference is that the RMB is the official currency. The yuan is its principal unit of measurement.www.investopedia.com/articles/forex/061115/yuan-…When reading news and analysis of this event, you might see both terms—“renminbi” and “yuan”—used interchangeably. There is essentially no difference. The renminbi is the official currency of the People’s Republic of China, and translates to “people’s money.”www.brookings.edu/articles/whats-the-difference-b…1.00 US Dollar = 7.13 93087 Chinese Yuan Renminbi 1 CNY = 0.140070 USDwww.xe.com/currencyconverter/convert/?From=US…
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