You will hear different words used to describe Chinese currency:
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๏Renminbi
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also abbreviated RMB
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sounds like “wren min bee”
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definition: “people’s money”
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๏Yuan
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also abbreviated CNY
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sounds like “U. N.” It is the same root word as the Japanese Yen and Korean Won, if that helps you pronounce it.
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definition: “dollar”
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๏Kuai
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no abbreviation
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sounds like “kwai” ... as in the Bridge on the River ____
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definition: casual form, like saying “bucks” instead of “dollars”
The hip expats use the word ‘kuai’ a lot; only tourists use the word ‘renminbi.’ Stick with the classic ‘yuan’ and you’ll sound just fine.
When you exchange money, you will get a variety of bills, and likely change as well.