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
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