RMB

RMB stands for Renminbi, which is the official currency of China. The primary unit of RMB is the yuan, often symbolized as ¥. It functions like any other currency, serving as a medium of exchange for goods and services within China and in international trade. The Chinese government manages its value through monetary policies, and the currency plays a significant role in global financial markets. RMB’s stability and international acceptance have increased in recent years, reflecting China’s growing economic influence worldwide.