What Is Rmb And Cny

What Is Rmb And Cny The main difference is that CNY is an onshore RMB currency traded within Mainland China CNH is offshore RMB currency traded outside of Mainland China RMB Renminbi serves as the broader term encompassing both CNY and CNH

In everyday usage RMB and CNY are interchangeable Technically though RMB is the name of the Chinese currency like US Dollar while CNY is a unit of that currency like bucks or dollars There is essentially no difference The renminbi is the official currency of the People s Republic of China and translates to people s money Its international symbol is CNY or CNH in Hong

What Is Rmb And Cny

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What s the difference between the renminbi and the yuan Chinese money has two names that are often used interchangeably the renminbi and the yuan Officially China s currency is the renminbi What Is the Chinese Yuan Renminbi CNY The term Chinese yuan renminbi CNY refers to the currency used in the People s Republic of China Although it may seem a little

Renminbi and Yuan are often used interchangeably but there is a subtle difference between the two terms Renminbi is the official currency of the People s Republic of China while Yuan is the basic unit of the currency People s Currency Chinese pronunciation nmi npi symbol ISO code CNY abbreviation RMB also known as the Chinese yuan is the official currency of the People s Republic of China

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The official currency of China is the Chinese renminbi with the currency symbol or RMB and ISO 4217 code CNY That said the renminbi is often referred to in the abbreviated form of RMB or as the basic unit of currency the yuan Chinese money comes by two names the Yuan CNY and the people s renminbi RMB Confusingly both have the same bank notes but crucially they are not worth the same The difference comes in where the currency is settled and the hints come in the ISO codes for the currency one is called the CNY and one the CNH

The official name for Chinese currency is Renminbi which literally translates to People s Currency and is abbreviated to RMB The most widespread international usage is yuan which is abbreviated to CNY Chinese legal currency is Renminbi shortened as CNY Also known as Chinese Yuan it can be used in HK Macau Airports banks offer Chinese money exchange service

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The main difference is that CNY is an onshore RMB currency traded within Mainland China CNH is offshore RMB currency traded outside of Mainland China RMB Renminbi serves as the broader term encompassing both CNY and CNH

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In everyday usage RMB and CNY are interchangeable Technically though RMB is the name of the Chinese currency like US Dollar while CNY is a unit of that currency like bucks or dollars


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What Is Rmb And Cny - What s the difference between the renminbi and the yuan Chinese money has two names that are often used interchangeably the renminbi and the yuan Officially China s currency is the renminbi