INTERESTING FACT ABOUT THE CHINESE CURRENCY

THE CHINESE CURRENCY:

The Chinese currency ,a currency for exchange in China with the capital Beijing.

According to Chinese officials, china has two currencies ;

“Yuan (¥) and Renminbi (Rmb)”

Yuan is the unit of account, the largest note of the yuan is 100 yuan,

Literally,most people in the world thinks china has just one currency,which is the “yuan”, buh unfortunately china has two great currencies the yuan and the Renminbi.

The Renminbi was first issued in the year 1948 by the people’s Bank China , about a year ago before it defeated the kuomintang Government.

Where china is said to be the world’s largest biggest economic  country.

China’s currency growth has always been a roller coaster, where china has increased it’s attempt to back it’s currency,

Thereby, including the promoting of the usage of Renminbi as a means of exchange as well.

Whether it’s a yuan or Renminbi, what matters is that currency is from china and it’s remains a part of the currency conversion.

SEE WHAT 1 YUAN EQUALS IN NIGERIA CURRRNCY.

The china currency, yuan(¥) equals a certain amount in the Nigerian currency (N) currently;

58.13 Nigerian naira.

Here’s a chart below;