renminbi

Beijing's official tender

Renminbi is the official currency of the People's Republic of China, meaning "people's currency" in Mandarin.

The yuan is its primary unit, and the two terms are often used interchangeably in casual contexts, though renminbi technically names the currency system while yuan names the denomination: The renminbi has strengthened against the dollar.

currency

yuan

Chinese monetary unit

fiat · denomination · circulation · convertibility · exchange · wallet · transaction · deposit · withdrawal · savings

China

Beijing

China's seat of government

  • ShanghaiChinese coastal financial center
  • redPrimary color, warm
  • MacauChinese gambling territory

yuan · fen · reform

economics

inflation

Sustained price level increase

growth · devaluation · appreciation · macroeconomics · stimulus · debt · bond · investment · market · SDR

trade

export

Foreign-bound sale

settlement · cross-border · commodity · commerce · customs · duty · quota · invoice · freight · shipping

Categories
Opposites
currency rivalry/geopolitical contrast

renminbiUS dollar

American monetary unit

dollar · greenback · euro · pound sterling · Swiss franc

Family

RMB

Familiarity
Top 1,000,000
Profile
Used worldwide · Timeless · Concrete · Rated G