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Renminbi - Wikipedia The abbreviation RMB is not an ISO code but is sometimes used like one by banks and financial institutions The currency symbol for the yuan unit is ¥, but when distinction from the Japanese yen is required RMB (e g RMB 10,000) or ¥ RMB (e g ¥10,000 RMB) is used
Yuan vs. Renminbi: What’s the Difference? - Investopedia Chinese money is referred to by two names: the Chinese yuan (CNY) and renminbi (RMB), which translates to “People’s Currency ” The distinction between CNY and RMB is subtle RMB is the
What Is RMB? A Beginners Guide to Chinas Currency RMB stands for Renminbi, which literally means "People's Currency" in Mandarin It's the official currency of the People's Republic of China But here's where many people get confused—what about the "yuan"? Think of "Renminbi" as the name of the currency, like "pound sterling" in the UK
Chinese Currency (RMB): History, Value Global Role | China . . . The Renminbi (RMB), also called the Yuan (CNY), is the official currency of China, issued by the People’s Bank of China since 1948 Its name means “People’s Currency,” and it plays a major role in both China’s domestic economy and global trade
Chinese Currency (RMB): Understanding the Renminbi - MSA The renminbi (RMB), also known as the Chinese yuan, is the official currency of the People’s Republic of China It plays a crucial role in the country’s economic system and has significant global trade and finance implications