[4rcane]

whats the difference between Renminbi and yuan.

[April Lexington]

Two words. Same currency. Its a cultural thing...

[SeekAndFind]

RE: whats the difference between Renminbi and yuan.

It is the same. RMB is the abbreviation of Ren Min Bi, or the People’s Money. It is the official currency in China.

Yuan is the base unit for RMB - just as Dollar in USD. This is the currency system in China:

Fen = cent
Jiao = dime
Yuan = dollar

So Yuan and RMB is not always the same (as Yuan is just one of the currency units in RMB), but they can often be used interchangeably. 2500 RMB and 2500 Yuan is exactly the same amount of money.

[MyTwoCopperCoins]

I’ve read elsewhere that one is a domestic currency, while the other is used in foreign trade.

It provides the Chinese authorities with more levers to manipulate, AFAIK.