GOVERNMENT CLARIFIES USE OF CHINESE CURRENCY Government has clarified that the decision to allow the payment of some mining taxes in the Chinese currency, the Yuan, also known as Renminbi, is a strategic and cost-saving measure aimed at improving debt management and reducing foreign exchange conversion costs. Minister of Finance and National Planning, Situmbeko Musokotwane, says the measure should not be interpreted as a shift from the Zambian Kwacha, which remains the primary legal tender for d

【Elementary Chinese】Money and Shopping Yajie: Chinese currency is called Renminbi. It is composed of 元、角, 分. one元(yuan) equals ten角(jiao), and one角(jiao) equals10分(fen). Cam: I heard that元 is also called 块(kuai) in Chinese. For example 六块 (liu kuai). Yajie: Yes. You are right. And in colloquial Chinese, 角(jiao) is also called毛(mao). Yajie: “这个多少钱” means how much is it? 这个means this in English. 这个. Or you can say zhèige.多少means how much. 多, d-u-o, the first tone; 少,s-h-a-o, the third tone. Litera