<P> The renminbi ( Ab. : RMB ; Chinese : 人民币 ; pinyin : rénmínbì ; literally : `` people 's currency '' ; sign : 元 ; code : CNY ) is the official currency of the People 's Republic of China . The yuan ( Chinese : 元 ; pinyin : yuán ) is the basic unit of the renminbi , but is also used to refer to the Chinese currency generally , especially in international contexts where `` Chinese yuan '' is widely used to refer to the renminbi . The distinction between the terms renminbi and yuan is similar to that between sterling and pound , which respectively refer to the British currency and its primary unit . One yuan is subdivided into 10 jiao ( Chinese : 角 ; pinyin : jiǎo ) , and a jiao in turn is subdivided into 10 fen ( Chinese : 分 ; pinyin : fēn ) . The renminbi is issued by the People 's Bank of China , the monetary authority of China . </P>
<P> The renminbi ( Ab. : RMB ; Chinese : 人民币 ; pinyin : rénmínbì ; literally : `` people 's currency '' ; sign : 元 ; code : CNY ) is the official currency of the People 's Republic of China . The yuan ( Chinese : 元 ; pinyin : yuán ) is the basic unit of the renminbi , but is also used to refer to the Chinese currency generally , especially in international contexts where `` Chinese yuan '' is widely used to refer to the renminbi . The distinction between the terms renminbi and yuan is similar to that between sterling and pound , which respectively refer to the British currency and its primary unit . One yuan is subdivided into 10 jiao ( Chinese : 角 ; pinyin : jiǎo ) , and a jiao in turn is subdivided into 10 fen ( Chinese : 分 ; pinyin : fēn ) . The renminbi is issued by the People 's Bank of China , the monetary authority of China . </P>
what is the name of china 's currency
what is the name of china 's currency
renminbi
renminbi