Friday, August 27, 2010

Renminbi or Renminbi Yuan

Monetary unit of China. The yuan is divided into 100 fen.  Banknotes are issued in denominations from 1 fen to 100 yuan.

You better get familiar with the currency of the People's Republic of China.  The reason is that a number of the world’s biggest banks have launched international roadshows promoting the use of the renminbi to corporate customers instead of the dollar for trade deals with China.  To assist you in this endeavor, the pronunciation for Renminbi is "ren-min-bee," and Yuan is "yoo-ahn."  Happy pronunciation!

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