The most common slang term is "Kuai" (块), which literally means "lump" or "piece. This ecosystem has effectively created a cashless society where the physical attributes of currency are largely irrelevant.
Official Chinese Currency: Understanding Legal Tender and Money Names
" You will hear phrases like "Yi Kuai" (one block) for one Yuan. This guide breaks down everything from the official banknotes to the slang used on the streets of Shanghai and Hong Kong.
" Similarly, Taiwan uses the New Taiwan Dollar (TWD), often called "Yuan" (圓) locally. " Instead, they use a variety of colloquial terms that reflect the culture and history of the money.
Official Chinese Currency: Legal Tender and Common Names
The Basic Unit: The Yuan (CNY) While Renminbi is the name of the currency system, the Yuan (CNY) is the base unit of account, similar to how "Pound" is the base unit for British currency or "Euro" for the European Union. Locals refer to it as "Yin" (鹽) or simply "Ho" (毫), which is the Cantonese term for "dime.
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