This article sets out to explain a little about China’s currency, incredibly useful stuff if you’re travelling to China or buying from Chinese websites.
Lets take at looks at the many names used when talking money in China and the Chinese currency, which include RMB, Renminbi, ¥; CNY; also CN¥, 元 and CN元 Yuan, Kuai and Mao.
RMB is an abbreviation of Renminbi which has the meaning “people’s currency”.
Yuan (元) is a unit of the Renminbi. Just like the ‘dollar’ is a unit of the ‘Australian Dollar’, the ‘Yuan’ is a unit of the ‘Renminbi’.