What are clients revenue vs profit investopedia forex their advisors lately? Our network of expert financial advisors field questions from our community.

Sophisticated content for financial advisors around investment strategies, industry trends, and advisor education. A celebration of the 100 most influential advisors and their contributions to critical conversations on finance. The latest markets news, real time quotes, financials and more. Chinese currency is a hot topic for many reasons. Not only does it denote one of the world’s biggest economic superpowers, but it also falls central in one of the most debated issues involving China today—its mercantilist policy of artificial undervaluation of its currency against the U.

For more about the Chinese currency today, read on. For related reading, see: Is the Yuan the New Greenback? Yuan With speculation about China suppressing the value of its currency starting to fade and Beijing looking at the internationalization of its currency, one question continues to perplex many: Does China have two currencies? China’s currency is officially called the renminbi. The yuan is the unit of account. December of 1948 with the establishment of the People’s Bank of China.

Though the official abbreviation is CNY, the abbreviation as RMB is very common too. Yuan is the unit of account, which means that the currency is denominated in 1 yuan, 2 yuan, 5 yuan, 10 yuan, 20 yuan, 50 yuan, or 100 yuan, though the paper money also comes in smaller denominations like fen and jiao. One yuan equals 10 jiao, which equals 100 fen. Popular analogies given to explain the difference between yuan and renminbi are drawn from British pound sterling vs. Any expression of price is always in dollar, pound, or yuan—not Federal Reserve notes, sterling, or renminbi. 5 billion, 20 billion and 80. Thus, while the bank talks about settlement of renminbi, the values are denominated in yuan.

The Bottom Line Chinese currency is growing. The country has been doing a lot to back its currency, including promoting free usage of renminbi. So whether you know it as yuan or renminbi, what matters is that the currency from China is set to grow fast and gain importance on the global stage. For related reading, see: Is the Chinese Yuan a Good Investment?

Want to learn how to invest? Get a free 10 week email series that will teach you how to start investing. Delivered twice a week, straight to your inbox. What are clients asking their advisors lately? Our network of expert financial advisors field questions from our community. Sophisticated content for financial advisors around investment strategies, industry trends, and advisor education. A celebration of the 100 most influential advisors and their contributions to critical conversations on finance.

The latest markets news, real time quotes, financials and more. The Fed’s recent federal funds rate increase to 0. In 2014, the euro weakened the most when rates left the 70s and entered the 80s. Bank of England policymakers have not raised interest rates for six years. It is using low interest rates to encourage lending activity and foster growth. The Bahraini dinar is currently the world’s most valuable currency, though it occasionally faces stiff competition with the Kuwaiti dinar for this title.