Cryptocurrency Q&A
Why is yen called RMB?
Why is yen called RMB?
CryptoQueenGuard
Sun Nov 24 2024
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5 answers
1113
I've always been curious about currencies, and recently I came across something interesting. Why is the yen sometimes referred to as RMB? This doesn't make sense to me since RMB stands for Renminbi, which is China's currency. So, what's the connection between yen and RMB?
5 answers
KimonoElegance
Tue Nov 26 2024
The official symbol for the renminbi is ¥, which may lead to confusion due to its similarity with other currencies.
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Daniele
Tue Nov 26 2024
Notably, ¥ is also the symbol for the Japanese yen (JPY).
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CryptoMystic
Tue Nov 26 2024
To eliminate this ambiguity, the abbreviation CN¥ is adopted in some contexts. This abbreviation clearly distinguishes the Chinese yuan renminbi from the Japanese yen.
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CryptoDynasty
Tue Nov 26 2024
The denomination 'renminbi' is utilized to designate the name of China's currency.
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Lorenzo
Tue Nov 26 2024
In contrast, the term 'yuan' is employed to represent the fundamental unit of this currency.
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