The renminbi is the official currency of the People’s Republic of China. The name ({zh|s=人民币|t=人民幣|p=rénmínbì}) literally means `people`s currency`. The yuan (元/圆) (sign: ¥) is the basic unit of the renminbi, but is also used to refer to the Chinese currency generally, especially in international contexts. The distinction ...... Found on http://en.wikipedia.org/wiki/Renminbi