WebRenminbi is often abbreviated to RMB, and is often the preferred term when talking about Chinese currency in financial circles. Yuan. While Renminbi is the official name of the currency, yuan is the unit of currency. Think of it like this; In England, their currency is officially called Pound Sterling, but the unit of currency is called a Pound. WebChina Currency. The official currency of the People’s Republic of China (PRC) is Renminbi which means “people’s currency” in Chinese. The Chinese currency Renminbi is officially abbreviated as CNY by ISO 4217, but the other abbreviation is “RMB” too. In colloquial language, the Chinese currency is also called Kuai and Yuan.
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British Pound to Chinese Yuan Renminbi Exchange Rate Chart
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