Has China started a new currency?? I thought their main currency unit was the yuan???
“Has China started a new currency?? I thought their main currency unit was the yuan???”
No, same currency; both names are used.
Same thing, different name.................
At one time (pre 90s) the RMB and Yuan were different currecies. One was used for international trade only and the other only for internal use. As I recall when you traveled there you weren’t allowed to have the internal one as a non-chinese citizen. But people would buy it on the black market because you could buy local cheaper with the internal currency and the locals wanted the foriegn one to buy foreign stuff which only it could be used for in special stores - it went away before I did any real travel there. Now they’re basically the same thing, I don’t remember if they did a hand in and replace or just called them equal.