Here’s why China have two currencies
Anyone doing business with China quickly notices something strange: it has two official currencies.
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What’s more, the two names are often used interchangeably: the Yuan (CNY) and the people’s renminbi (RMB or more usually CNH).
While both have the same bank notes, they are not worth the same. The difference depends on where the currency is settled.
The CNY is used in the domestic economy, while the CNH is for international trade.
A brief history of China’s currency..…READ ORIGINAL & FULL CONTENT HERE
𝙍𝙚𝙖𝙙 𝙩𝙝𝙚 𝙇𝙖𝙩𝙚𝙨𝙩 𝙎𝙥𝙤𝙧𝙩 𝙏𝙧𝙚𝙣𝙙𝙨 𝙖𝙣𝙙 𝙂𝙚𝙩 𝙁𝙧𝙚𝙨𝙝 𝙪𝙥𝙙𝙖𝙩𝙚𝙨 𝙖𝙨 𝙩𝙝𝙚𝙮 𝙙𝙧𝙤𝙥 𝙫𝙞𝙖 [𝙏𝙬𝙞𝙩𝙩𝙚𝙧] 𝙓 𝙖𝙣𝙙 𝙁𝙖𝙘𝙚𝙗𝙤𝙤𝙠 Now.
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