Saturday August 8, 2020

China Business Summit: It takes yuan to know yuan

It's the most important international currency that you are probably naming incorrectly.

6th July, 2014
Alan Duffy, chief executive, HSBC Ireland. Picture: Fennells

It's the most important international currency that you are probably naming incorrectly. China may be more famous for the yuan, but the official name of the currency is ''renminbi or RMB - yuan is merely a unit of currency like the pound is to sterling.

Argot aside, however, if an Irish company is looking to trade in China, it will need to understand RMB, and there are a number of factors which create both uncertainty...

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