Difference between Chinese Yuan CNY and Renminbi RMB |
| What is the difference between Chinese Yuan CNY and Renminbi RMB ? Are both used as an official currency in China ? Or is it the same currency ? |
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posted on 24.08.2019 at 19:32 |
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The words Chinese Yuan and Renminbi are related to the currency, that is used in China.
Renminbi - abbreviation RMB, is the official name of the Chinese currency. It can be translated as "the people's money" or "the people's currency".
Yuan - abbreviation CNY, is the name of a Unit of the Renminbi currency. Sometimes the Yuan is colloquially called as "Kuai".
In finance, the Chinese currency is often named Chinese yuan renminbi. |
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posted on 25.08.2019 at 12:53 |
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