The Chinese Currency: When to Use Renminbi and When to Use Yuan

Paul Krugman, who should know these things given he has a Nobel Prize in (economic) geography, informs, though he does sound quite hesitant for a Nobel winner:

So the IMF has included the renminbi in the SDR, adding a world of hurt to newspaper reports; now everyone will have to deal with China’s awkward currency nomenclature. (As I understand it, you should use renminbi and yuan more or less as you use sterling and the pound; the RMB is the term for Chinese money in general, the yuan a denomination of its notes.)

  -RW