Chinese currency is officially called the renminbi, or RMB.…

Twetch ·

Chinese currency is officially called the renminbi, or RMB. The currency’s unit of account ¥ is called the Chinese yuan. And to complicate the matters even more, there are two kinds of Chinese yuan: offshore and onshore.

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Twetch ·

For small payments, fixed bank fees to send to China can be prohibitive. Using third-party payment options like Remitsy offer a competitive exchange rate with low-to-zero fees for processing.