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Renminbi is the official currency of the People's Republic of China and the unrecognized territory of Wa State. The currency is issued by the People's Bank of China, the country's monetary authority. It is the world's fifth-most-traded currency as of April 2025.
The yuan is the base unit of renminbi. Each yuan is divided into 10 jiao, and each jiao is further subdivided into 10 fen. However, fen-denominated coins are now rarely used due to inflation. The word yuan is widely used to refer to the Chinese currency generally, especially in international contexts. Wikipedia