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someguyfromcanada  ·  3150 days ago  ·  link  ·    ·  parent  ·  post: Why Did China Devalue Its Currency? Two Big Reasons

The renminbi? Never heard of it.

[The yuan is the basic unit of the renminbi, but is also used to refer to the Chinese currency generally, especially in international contexts. The distinction between the terms "renminbi" and "yuan" is similar to that between sterling and pound, which respectively refer to the British currency and its primary unit.[citation needed] One yuan is subdivided into 10 jiǎo , and a jiǎo in turn is subdivided into 10 fēn.](https://en.wikipedia.org/wiki/Renminbi)