CNY vs CNH vs RMB: What’s the Difference in Chinese Currency Codes?
What's the Difference Between CNY, CNH, and RMB? Understanding China’s Currency Codes If you've ever dealt with international business, foreign exchange, or even just browsed currency rates, you've likely come across multiple codes representing the Chinese yuan: RMB, CNY, and CNH . While they all refer to China’s currency, they’re not exactly the same. Let’s break down what each one means and how they're used. What Is RMB? RMB stands for Renminbi , which literally means “People’s Currency” in Chinese. It’s the official name of China’s currency, much like how “British pound sterling” is the full name for the UK’s currency. RMB is a general term and is often used in news articles or informal conversations. However, RMB is not the official currency code used in financial transactions . Official Currency Codes: CNY vs CNH Code Meaning Where It's Used CNY Official ISO currency code for yuan us...