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China’s yuan vs renminbi: what’s the difference?

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[unable to retrieve full-text content]When did China first start using the renminbi?The history of Chinese money spans more than 3,000 years, but the official renminbi was first issued during the Chinese civil war in December 1948, after the establishment of the People’s Bank of China (PBOC) in Shijiazhuang city, Hebei province.In 1949, the Communist Party defeated the Kuomintang and Mao Zedong proclaimed the People’s Republic of China, making the renminbi the sole legal currency across the country.What’s the difference between the…

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[unable to retrieve full-text content]
When did China first start using the renminbi?The history of Chinese money spans more than 3,000 years, but the official renminbi was first issued during the Chinese civil war in December 1948, after the establishment of the People’s Bank of China (PBOC) in Shijiazhuang city, Hebei province.In 1949, the Communist Party defeated the Kuomintang and Mao Zedong proclaimed the People’s Republic of China, making the renminbi the sole legal currency across the country.What’s the difference between the…

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