Legal tender and Renminbi

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Difference between Legal tender and Renminbi

Legal tender vs. Renminbi

Legal tender is a medium of payment recognized by a legal system to be valid for meeting a financial obligation. The renminbi (Ab.: RMB;; sign: 元; code: CNY) is the official currency of the People's Republic of China.

Australia

Australia, officially the Commonwealth of Australia, is a sovereign country comprising the mainland of the Australian continent, the island of Tasmania and numerous smaller islands.

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Bank of England

The Bank of England, formally the Governor and Company of the Bank of England, is the central bank of the United Kingdom of Great Britain and Northern Ireland and the model on which most modern central banks have been based.

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Bank of Thailand

The Bank of Thailand (BOT, ธนาคารแห่งประเทศไทย) is the central bank of Thailand.

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Black market

A black market, underground economy, or shadow economy is a clandestine market or transaction that has some aspect of illegality or is characterized by some form of noncompliant behavior with an institutional set of rules.

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Canadian dollar

The Canadian dollar (symbol: $; code: CAD; dollar canadien) is the currency of Canada.

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Currency

A currency (from curraunt, "in circulation", from currens, -entis), in the most specific use of the word, refers to money in any form when in actual use or circulation as a medium of exchange, especially circulating banknotes and coins.

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Euro

The euro (sign: €; code: EUR) is the official currency of the European Union.

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Federal Reserve System

The Federal Reserve System (also known as the Federal Reserve or simply the Fed) is the central banking system of the United States of America.

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New Taiwan dollar

New Taiwan dollar (sign: NT$; code: TWD) is the official currency of Taiwan.

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Portugal

Portugal, officially the Portuguese Republic (República Portuguesa),In recognized minority languages of Portugal: Portugal is the oldest state in the Iberian Peninsula and one of the oldest in Europe, its territory having been continuously settled, invaded and fought over since prehistoric times.

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Pound sterling

The pound sterling (symbol: £; ISO code: GBP), commonly known as the pound and less commonly referred to as Sterling, is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha.

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Singapore dollar

The Singapore dollar (sign: S$; code: SGD) is the official currency of Singapore.

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Taiwan

Taiwan, officially the Republic of China (ROC), is a state in East Asia.

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