Discussion in 'Economics' started by richardyu301, Dec 10, 2007.
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.
1 Yuan = 10 jiao = 100 Fen
1 Dollar = 10 dimes = 100 cents
Thanks Steve and number22, that clears it up very nicely.
Separate names with a comma.