Richard Yu, can you explain for me please the difference between the Yuan and the Renminbi, or are they the same. I don't do Forex, and this has been puzzling me. Thanks, and thanks for the link.
Richard Yu, can you explain for me please the difference between the Yuan and the Renminbi, or are they the same. I don't do Forex, and this has been puzzling me. Thanks, and thanks for the link.
Essentially the same. Renminbi refers to the currency in general. The Yuan is the largest denomination, 1 Yuan is the equivalent of 10 Jiao, and 1 Jiao is equal to 10 Fen.
Essentially the same. Renminbi refers to the currency in general. The Yuan is the largest denomination, 1 Yuan is the equivalent of 10 Jiao, and 1 Jiao is equal to 10 Fen.
