Jun 25, 2024 · 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...

The renminbi (Chinese: 人民币; pinyin: Rénmínbì; lit. 'People's Currency' Chinese pronunciation: [ʐən˧˥min˧˥pi˥˩]; symbol: ¥; ISO code: CNY; abbreviation: RMB), also known as the Chinese yuan, is the official currency of the People's Republic of China.

Jun 13, 2024 · The renminbi (RMB) is the official currency of China, symbolizing the country’s monetary authority. The term “renminbi” means “people’s currency” in Mandarin, reflecting the government’s socialist principles when the currency was established.

Jan 31, 2025 · The Chinese yuan renminbi is the currency used in the People’s Republic of China. Yuan is the actual unit of currency, while renminbi is the name of the currency itself.

Oct 26, 2024 · What is the name of the Chinese currency? You may have heard Chinese currency referred to as “renminbi,” which is usually abbreviated as RMB. In Chinese, renminbi is written 人民币 (rénmínbì in pīnyīn), which means “the people’s money.”

Apr 16, 2024 · The official currency of China is the Chinese renminbi with the currency symbol ¥ (or RMB ¥) and ISO 4217 code CNY. That said, the renminbi is often referred to in the abbreviated form of RMB or as the basic unit of currency, the yuan.

Feb 23, 2025 · Renminbi, monetary unit of China. One renminbi (yuan) is divided into 100 fen or 10 jiao, and banknotes are issued in denominations from 1 fen to 100 renminbi. In 2016 the renminbi became a reserve currency of the International Monetary Fund (IMF).

Nov 12, 2020 · 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...

Dec 9, 2024 · Answer: Renminbi, literally people's currency, is the legal tender of the People's Republic of China, which is issued by the People's Bank of China. It has another name, Chinese Yuan. • Short official name: CNY (Chinese Yuan) • Abbreviation: RMB • Chinese: Ren Min Bi (人民币) • Symbol: ￥ • Monetary unit: Yuan (元)

Aug 19, 2015 · There is essentially no difference. The renminbi is the official currency of the People’s Republic of China, and translates to “people’s money.” Its international symbol is CNY (or CNH in Hong...