The renminbi is the currency, and the yuan is the unit used to state amounts. CNY is the international code; RMB is a familiar abbreviation encountered in shops, payment guides and account information. Writing CNY beside a balance removes the ambiguity of the ¥ symbol, which is also used for Japanese yen. [1] [2]
Chinese yuan
Currency settings
An account advertised in dollars still needs a conversion if the money starts in yuan. Compare the amount debited in CNY with the amount actually credited, then check the currency and destination of a withdrawal. A published exchange-rate chart cannot tell you the complete cost of that two-way transaction; the payment provider's conversion and transaction charges also matter.