What is Chinese yuan (CNY) & renminbi (RMB)?

The Chinese yuan (CNY) and renminbi (RMB) are closely linked terms for China's currency. Renminbi is the official name of China's currency. The renminbi's principal unit is the Chinese yuan. CNY is the official ISO 4217 abbreviation for China's currency.

What is the difference between CNY and RMB?

These names include the official ISO 4217 code CNY and the abbreviated form RMB. To clarify, both CNY and RMB refer to the same currency, the Chinese renminbi. That said, China imposes strict currency controls on the currency domestically, which can result in renminbi trading at a different price inside and outside of the country.

What is the difference between renminbi and Yuan?

Both names are perfectly good, but in slightly different ways. "Renminbi" is the official name of the currency introduced by the Communist People's Republic of China at the time of its foundation in 1949. It means "the people's currency". "Yuan" is the name of a unit of the renminbi currency. Something may cost one yuan or 10 yuan.