| I sometimes wonder how the Communist revolutionary leader Mao Zedong, who warned against taking "the capitalist road," would feel about his face on all those Chinese bills being traded around the world these days. As of this week, the renminbi is being traded in a major way in Canada as well, after Finance Minister Joe Oliver opened North America's first Chinese currency trading hub Monday night in Toronto.
The currency has come a long way since the Chinese Communists began printing their own money in 1948 while the People's Liberation Army was still battling nationalist forces for control of the country. Shortly after that, China officially named the currency the renminbi, using the characters for people and money. (As the BBC has explained, the currency is called the renminbi, while its unit is the yuan.)..............................................Full Article: Source
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