Home > China Facts > China Travel Guide Book > Money and Currency Converter

Money and Currency Converter

Last updated by david at 2014/11/24

Money Issue

In China, the official currency is Ren Min Bi that can be called RMB or CNY for short, meaning “the people’s currency”. The basic money unit of the RMB is yuan that is also called “kuai” by Chinese people, which has the same function with “dollars” and “pounds” (the monetary units of USA and UK). There are several paper notes of yuan in China, including the paper notes of 1, 5, 10, 20, 50 and 100 yuan. Besides, there are also 1 yuan coins.

In China, Credit Cards are available in most of the hotels and some high-grade tourist shops and department stores. However, customers are expected to pay in cash.

The places of exchanging money

There are several ways for foreigners to exchange money. In most of the hotels, there is foreign exchange service, exchanging cash and checks for foreigners. However, the exchange rate of the hotels is not the same as the official bank rate. Besides, foreigners can also exchange money and checks in most of the large banks in China. And passport is needed. It must be noted that banks only accept undamaged foreign bank notes and reject notes that are even slightly torn.

The places of cash withdrawals

Cash withdrawals from credit/debit cards are available at the main branches of the Bank of China in every city with a small fee. Besides, the ATM machines of Bank of China with the Visa and MasterCard symbols can also be available for cash withdrawals. Foreigners can operate according to the English menu of the ATM machines.

The following are the samples of Chinese money notes

1 yuan coin

1 yuan coin

1 yuan 

1 yuan note

1 yuan RMB

5 yuan

5 yuan note

5 yuan note

10 yuan

10 yuan RMB

10 yuan RMB

20 yuan

20 yuan RMB

20 yuan RMB

50 yuan

50 RMB

50 yuan RMB

100 yuan

100 RMB

100 RMB


 

Related Topics:

 

Most Recommended Topics

Chinese Food

Chinese Food

Overview Chinese food owning a long history…>> details

Chinese Kung Fu

Chinese Kung Fu

Kung Fu (an Anglicization of >gongfu> [功夫]), me…>> details

Chinese Taiji Quan

Chinese Taiji Quan

Overview Millions of people practice Taiji …>> details

Shaolin Kung Fu

Shaolin Kung Fu

China is a country of much greatness. It is a l…>> details

China National Day

China National Day

October 1st is Chinese National Day. National D…>> details

Recommended Tours

Yabuli Skiing Tour

4-Days Yabuli Skiing Tour

Visit Harbin, Yabuli

from USD $ 539

Xi'an Quick and Easy Tour

2-Days Xi'an Quick and Easy Tour

Visit Xian

from USD $ 209

Shanghai Highlights from Beijing

2-Days Shanghai Highlights from Beijing

Visit Beijing, Shanghai

from USD $ 279

Interesting to Know

Why Group Travel? Early Bird Deals Tailor-making China Tours

Travel Confidently with Us

Customers

10,000 Satisfied Customers

Customers

50 Years in China Travel Industry

Customers

Quick Response within 24 hours

Customers

Secured Online Payment

Customers

Group Tours with Solo Adventure

Customers

No Hidden Fees and No Traps