| The RMB is the national common term for the Yuan, whereas CNY is the international banking code for the RMB, or Chinese currency. I'm a little confussed about: 分 Fen cent 角 Jiao dime 圆 Yuan dollar no one uses the term 'Dollar', 'Dime' or 'Cent' in China to describe Chinese money unless it is relevent to the US$, but these terms cannot reflect the same currency values so cannot be used. The term for the US$ is 'meiyuan'. When Chinese people talk about HK$ they simply use the Chinese 'gangbi'. Another confussing term to visitors is the use of the word 'Kwia', which is the common term for RMB - shi kwai - meaning 10 RMB. Most foreigners living/working in China would not use the yuan (or YU ARN as incorrectly pronounced by Americans) but use kwai instead. The closest pronunciation of Yuan is similar to Ywen in English. |
Is RMB and Yuan the Same? Yes