What does RMB mean?

RMB stands for Renminbi, which is the official currency of the People's Republic of China. It is also commonly referred to as the Chinese Yuan. In the context of finance, RMB is used to denote transactions, investments, and trade in the Chinese currency. It is an important currency in the global economy and has seen significant internationalization in recent years. RMB is also used as a reserve currency by central banks and is an important component of international trade and investment flows. Additionally, RMB is subject to various regulations and policies by the Chinese government, which can impact its use and value in the global financial markets.