Yuan vs. Renminbi: What's What? ( #china #yuan #renminbi #currency )

Both are Chinese currency, of course, but why two names? Renminbi means "The People's Currency" and is the official name for the currency, but the yuan is the unit of measure for the renminbi. So you would never say "three renmimbi," you'd say "three yuan." But if you were talking about the appreciation of the Chinese currency, you'd say the "appreciation of the renmibi."   HT: BBC