The Bottom Line The currency of China is referred to as either the Chinese yuan (CNY) or renminbi (RMB). The two terms are similar and they're often used interchangeably. The key difference is that the RMB is the official currency. The yuan is its principal unit of measurement. Correction...
Renminbi是中国货币的官方名称。 Yuan是这种货币的基础单位。 目的: Renminbi让中国货币区别于其他国家或者地区比如台湾用的Yuan。 Yuan告诉你意见东西需要多少个单位的Yuan。 正式的地位: Renminbi比Yuan有更正式的接受度。 所以如你所能看到的,Yuan和Renminbi的区别不是个大问题。非常简单。Renminbi是中国货币的官方名称。
There is one difference between today and the 1930’s: the use of gold as an international reserve currency. In the 1930’s, if all countries devalued against gold, that would cause an increase in the real value of the stock of international gold reserves, the uber-monetary base. That wo...