Chinese Currency

 

The Chinese currency is the RenMinBi (RMB), generally pronounced Yuan in written form, but spoken as Kuai. The paper money is available in RMB1, RMB2, RMB5, RMB10, RMB20, RMB50 and RMB100.

Unit: Yuan, Jiao (some times called "Mao " ) and Fen. 1 Yuan = 10 Jiao (Mao); 1 Jiao = 10 Fen.

Most of the time, vendors and taxi drivers ask for a small note when you pass them a RMB100 note, sometime they cannot change it and sometimes are not willing to. So it is a good idea to stack up on RMB10 bills. If you have any problems with a note, exchange it for a new one or small change at a bank. A counterfake note will be confiscated.

Traveler cheques are the best way to carry money around in China, the exchange rate is fixed and it can be replaced if lost or stolen. Cheques can be cashed at the major branches of the Bank of China. Credit cards like Visa, Master card and American Express are useful in major tourist cities too. They can be used in most mid range to top range hotels, and some big department stores. You can get cash advances in the head branches of the Bank of China; however, a high commission will be charged (four percent).

Foreign currency can be changed in most banks and hotels. Exchange rates do not vary that much, so hotels are often the most straightforward place to exchange. Keep the exchange receipt with you in case you want to exchange any remaining RMB you have left over when you leave. Please use our CURRENCY CONVERTER on the top of home page.

 

* If you take Sanya Bus, please prepare some small money (like 1rmb).

** Some bus do not accept small money like (0.2rmb or 0.1rmb), it's too small. Usually used in supermarkets.

100 yuan
50 yuan
20 yuan
10 yuan
5 yuan
2 yuan,
1 yuan (New) ** prepare some when take sanya local bus.
1 yuan
5 Jiao (0.5 yuan)
2 Jiao (0.2 yuan)
1Jiao (0.1 yuan)
Chinese Currency: Coins
From top to the bottom: 1 yuan 5 jiao (0.5 yuan) 1 jiao (0.1 yuan)