Currency
What currency is accepted in China?
Chinese money is called Renminbi (RMB) meaning "The People's Currency". The popular unit of RMB is "yuan"
1 yuan equals 10 jiao, 1 jiao equals 10 fen. There are parts of China where the yuan is also known as Kuai and Jiao is known as mao. Chinese currency is issued in the following denominations: one, two, five, ten, twenty, fifty and one hundred yuan; one, two and five jiao; and one, two and five fen.
Most hotels and shops in major cities accept credit cards. You may also cash Travelers Cheques to get a bit higher exchange rate. Personal checks are not accepted.
Small denominations of US dollars may also come in handy. You may exchange money at Chinese airports and most hotels.The current exchange rate is 1:7.06 (1 US dollar for each 7.06 RMB). For up to date exchange rates check the currency converter.
| 100 yuan front (new) | 50 yuan front (new) | 20 yuan front |
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| 100 yuan back(new) | 50 yuan back (new) | 20 yuan back |
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| 10 yuan front (new) | 5 yuan front (new) | 2 yuan front |
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| 10 yuan back(new) | 5 yuan back (new) | 2 yuan back |
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| 1 yuan front (new) |
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| 1 yuan back(new) |
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| 5 jiao front (0.5 yuan) | 2 jiao front (0.2 yuan) | 1 jiao front (0.1 yuan) |
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| 5 jiao back | 2 jiao back | 1 jiao back |
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| From top to bottom: 1 yuan, 5 jiao (0.5 yuan), 1 jiao (0.1 yuan) |
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| From top to bottom: 5 fen (0.05 yuan), 2 fen (0.02 yuan), 1 fen(0.01 yuan) |