Q.
Renminbi is the currency of which country ?
Asked by joyesh chakraborty,
23 Sep '11 05:11 pm
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Both are used for Chinese currency
Once and for all, here is the difference between the yuan and the Renminbi. Renminbi, loosely translated as the people's notes, is the official name of China's currency. Yuan is the unit of account. This distinction confuses Western journalists to no end. So it would be proper to say that, "China may revalue the Renminbi," or that, "Average wages in Chinese manufacturing are 917 yuan per month." But not that, "China may revalue the yuan," or, "This bun bao costs 3 Renminbi." Get it? Okay. Now you know, and feel free to correct people--especially know-it-all journalists--when they screw it up.
Once and for all, here is the difference between the yuan and the Renminbi. Renminbi, loosely translated as the people's notes, is the official name of China's currency. Yuan is the unit of account. This distinction confuses Western journalists to no end. So it would be proper to say that, "China may revalue the Renminbi," or that, "Average wages in Chinese manufacturing are 917 yuan per month." But not that, "China may revalue the yuan," or, "This bun bao costs 3 Renminbi." Get it? Okay. Now you know, and feel free to correct people--especially know-it-all journalists--when they screw it up.
Source: google search
Answered by anil garg, 24 Sep '11 09:18 pm
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