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Old 11-30-2015, 02:14 PM
 
4,710 posts, read 3,627,252 times
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How ironic that the pink colored currency with Mao's face on it (the 100 yuan note) will join the dollar, the Euro, the Yen and the Pound as one of the five currency in the SDR basket of the IMF.

http://www.nytimes.com/2015/12/01/bu...-currency.html
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Old 11-30-2015, 02:39 PM
 
1,424 posts, read 737,679 times
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I think renminbi is more proper than yuan in this context
Renminbi is the name of Chinese currency, and yuan is a unit, though English language often confuses the two.

The currencies of Taiwan and Hong Kong also have "yuan" as a unit (in Cantonese the pronunciation is yun), which is actually the same as yen in Japanese and won in Korean.
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Old 11-30-2015, 03:56 PM
 
4,710 posts, read 3,627,252 times
Reputation: 7407
Quote:
Originally Posted by yueng-ling View Post
I think renminbi is more proper than yuan in this context
Renminbi is the name of Chinese currency, and yuan is a unit, though English language often confuses the two.

The currencies of Taiwan and Hong Kong also have "yuan" as a unit (in Cantonese the pronunciation is yun), which is actually the same as yen in Japanese and won in Korean.
I stand corrected. This "Yuan"is the same as the Yuan Dynasty. When I was in China, most people called it Yi Kuai or Yi Bai Kuai. In any case, Mao would be spinning in his grave if he knew his face is accompanying the other capitalist currencies in world trade. How far China has come!
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Old 11-30-2015, 07:00 PM
 
Location: Singapore
653 posts, read 541,541 times
Reputation: 289
Quote:
Originally Posted by yueng-ling View Post
I think renminbi is more proper than yuan in this context
Renminbi is the name of Chinese currency, and yuan is a unit, though English language often confuses the two.

The currencies of Taiwan and Hong Kong also have "yuan" as a unit (in Cantonese the pronunciation is yun), which is actually the same as yen in Japanese and won in Korean.
Calling it renminbi is more proper. It is the official name.
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