Tags: Currency.

The renminbi is the official currency of the People’s Republic of China. The name (simplified Chinese: 人民币; traditional Chinese: 人民幣; pinyin: rénmínbì) literally means people’s currency.The yuan (元/圆) (sign: ¥) is the basic unit of the renminbi but is also used to refer to the Chinese currency generally especially in international contexts.

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