The renminbi is the official currency of the People's Republic of China, and translates to “people's money.” Sometimes you might see the terms “renminbi” and “yuan” used interchangeably. Renminbi is the official name of the currency while the yuan is a unit of the currency.
|Chinese||Pinyin||Definition and Usage|
|钱 (錢)||qián||money (general term)|
|人民币 (人民幣)||rén mín bì||Renminbi "people's currency" (abbr. RMB)|
|块 (塊)||kuài||¥ (an informal colloquial term, like "quid" or "buck")|
|元 (圓)||yuán||¥ yuan, main unit of currency; eg. just as 1 dollar = 100 cents ==> 1 yuan = 100 fen (Chinese: 分)|
|毛||máo||0.10 yuan (informal)|