Understanding China’s Currency, Yuan Versus Renminbi

0

“Kathleen, what is the difference, if any, between the yuan and the renminbi? I think they are one and the same, yes? Gracias.”

–Angela C., United States

Renminbi is the name of the Chinese currency as a whole, while yuan is used to reference a unit of that currency. For example, you get 5 yuan back in change, not 5 renminbi in change.

Currency exchanges are between dollars and renminbi.

The parallel is Britain’s pound sterling and the pound.

You can read more here.

Continue Reading: Why Languedoc Is Perfect For This Gay Expat Couple In France

Comments

comments

Discover The World's Most Affordable And Exotic Places
Share.

About Author

Live And Invest Overseas

Live and Invest Overseas is the world's savviest source for top opportunities to live better, retire in style, invest for profit, do business, and own real estate overseas. Established in 2008, the Live and Invest Overseas' editors and correspondents have more experience researching and reporting on top opportunities for living well, investing for profit, doing business, and owning real estate around the world than anyone else you'll find.