⚠️Automatic translation pending review by an economist.
The renminbi (RMB) is the official name of the Chinese currency, which translates as « people’s currency. » The yuan is the name commonly used to refer to the Chinese currency as a unit of account. To understand this difference: if we had the same differentiation in the euro zone, we would buy our baguette every day for 0.9 « yeuros » with our currency, the « renmeuro. » Economists therefore generally refer to the renminbi, while an investor wishing to buy a Chinese bond will pay x yuan.
Julien P.
