What does the RMB offshore mean?
RMB offshore refers to the trading and circulation of the Chinese currency, the Renminbi (RMB), outside of China's borders. This involves financial transactions, investments, and other economic activities conducted in RMB but outside the domestic Chinese market. The RMB offshore market has grown significantly in recent years, reflecting China's increasing economic influence and the global demand for its currency.
Why is it called mint money?
I've always wondered why certain things are named the way they are. For example, why is money sometimes referred to as 'mint'? What's the origin of this term, and how did it become associated with currency?