chinese currency crossword clue – All Crossword Answers

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Solutions for "chinese currency crossword clue" by Letter Count

3 Letters

FEN: A subunit of Chinese currency, equal to one-hundredth of a Yuan.

4 Letters

YUAN: The primary unit of the Chinese currency, Renminbi.

JIAO: A unit of Chinese currency, equal to one-tenth of a Yuan.

KUAI: An informal, colloquial term for the Chinese Yuan, often used in everyday conversation.

8 Letters

RENMINBI: The official currency of the People's Republic of China, with Yuan as its basic unit.

More About "chinese currency"

The Chinese currency system, officially known as the Renminbi (RMB), is fundamental to China's economy and its global financial interactions. While Renminbi is the overarching term, the basic unit of this currency is the Yuan (¥), which is the unit most commonly referred to in daily transactions and global exchange rates. The Renminbi was first issued by the People's Bank of China in 1948 and has undergone several revaluations and reforms.

Beyond the Yuan, the Renminbi is subdivided into smaller denominations to facilitate everyday transactions. One Yuan is equivalent to ten Jiao (or Mao, colloquially), and one Jiao is further divided into ten Fen. Although Fen are rarely used in major urban areas today due to their low value, they remain legal tender. Understanding these different terms—Renminbi, Yuan, Jiao, and Fen—is key to accurately solving crossword clues related to Chinese money.

The symbol for the Yuan is '¥', which is also used for the Japanese Yen. However, in China, prices are often displayed with 'RMB' or 'CNY' (Chinese Yuan) to avoid confusion. Its value is carefully managed by the Chinese government, and it plays an increasingly significant role in international trade and finance.

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Frequently Asked Questions

What is the official name of Chinese currency?

The official name of the Chinese currency is the Renminbi (RMB). The Yuan is the basic unit of the Renminbi, often used interchangeably, much like 'pound' refers to 'pound sterling'.

Are Yuan and Renminbi the same?

While often used interchangeably in common speech, Renminbi is the official currency of China, and Yuan is the basic unit of that currency. Think of Renminbi as the entire currency system and Yuan as the individual unit (e.g., one Yuan, five Yuan).

What are the smaller denominations of Chinese currency?

The Yuan is divided into 10 Jiao (also known as Mao in colloquial terms), and each Jiao is further divided into 10 Fen. So, 1 Yuan equals 10 Jiao or 100 Fen.