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- The Chinese Yuan (CNY) and Renminbi (RMB) are interchangeable terms for China's currency. The Renminbi (RMB) is the official name of China's currency, while the yuan is the principal unit of account for that currency12. The two terms are often used interchangeably, but the renminbi is the official name of China's currency, while the yuan is technically the unit of account of the renminbi2.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 distinction is subtle: while the renminbi is the official currency of China, the yuan is the principal unit of account for that currency. The Chinese Yuan (CNY) and Renminbi (RMB) are interchangeable terms for China's currency. The Renminbi (RMB) is the official name of China's currency.
www.investopedia.com/articles/forex/061115/yuan-…Chinese money has two names that are often used interchangeably: the renminbi and the yuan. Officially, China’s currency is the renminbi, which literally means “the people’s currency” in Mandarin. The yuan is technically the unit of account of the renminbi, although it is also used to refer to the Chinese currency.www.scmp.com/economy/china-economy/article/31… - People also ask
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