So the conversation might go, "Hi we're Deutsche Bank - we're able to clear renminbi transactions up to one million yuan." ?
replyThat would most likely be the most correct way to say it, yes.
replyPretty sure the jiao (角) (1/10th of a yuan) is still in use?
replyOh yeah, you're right, I forgot about that. It doesn't really get used much except occasionally for very small transactions, usually ones less than 10yuan.
replynobody really use jiao (1/10th RMB/CNY), same as nobody really use yuan (CNY/RMB)
replythey are called mao (1/10th RMB/CNY) and kuai (CNY/RMB) in China
but mao pretty much dont exist anymore now with electronic QR payments everywhere even in food stalls, heck even beggars have QR codes and fen is for many many years more like some monopoly money papers
No there are cents, they are called fen (分).
replyIt's in Japan that it's all just Yen.
Japan has sen (銭) as well, the coins were just inflated into oblivion years ago. Still used for eg stock prices though.
replyYeah, you're right, you just literally never see any transaction using the 0.01 unit (fen) and only very rarely see any transaction use the 0.1 unit (jiao).
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