The renminbi (lit. 'People's Currency'; symbol: ¥; ISO code: CNY; abbreviation: RMB) is the official currency of the People's Republic of China.
The yuan (Chinese: 元 or simplified Chinese: 圆; traditional Chinese: 圓; pinyin: yuán) is the basic unit of the renminbi, but the word is also used to refer to the Chinese currency generally, especially in international contexts. One yuan is divided into 10 jiao (Chinese: 角; pinyin: jiǎo), and the jiao is further subdivided into 10 fen (Chinese: 分; pinyin: fēn).
