Monday, December 12, 2011

What is the difference between CNY (Chinese Yuan) and Renminbi (RMB)?

They are the same thing. RMB is the abbr. of Ren Min Bi, or the People's Money. It is the official currency (maybe the only one) in P.R.China.





Yuan is the base unit for RMB - just as Dollar in USD. This is the currency system in mainland China:





鍒?Fen cent


瑙?Jiao dime


鍦?Yuan dollar





The first characters (you may not be able to see them if your computer don't have Chinese font support) are the Chinese character of the currency unit. The second is its Pinyin / English name, and the last one is the counterpart in USD.





So Yuan and RMB is not always the same (as Yuan is just one of the currency units in RMB), but they can often be used interchangeably. 2500 RMB and 2500 Yuan is exactly the same amount of money.|||They have different names. And, neither one is legal tender in Taiwan. This is the Y!A Taiwan section; your question belongs in the China section.

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