The Renminbi [ren-min-bee] is the official currency of China whose principal unit is the Yuan. The currency is legal tender in mainland China, but not in Hong Kong and Macau. Renminbi translates as people’s currency. A yuán is also known colloquially as a kuài. One yuán is divided into 10 jiao. One jiao is divided into 10 fēn.
The Daily Omnivore 
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