GoingToChina.com

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Travel To China - Chinese Travel and Tourism Resource

Description

Chinese currency is called Renminbi (people's money), often abbreviated as RMB. It is issued by The Bank of China and is the sole legal tender within the People’s Republic of China. The symbol for RMB is .

The unit of Renminbi is a yuan and with smaller denominations called jiao and fen. The conversion among the three is:

RMB is issued both in notes and coins. The denominations of paper notes include 100, 50, 20, 10, 5, 2 and 1 yuan; 5, 2 and 1 jiao; and 5, 2 and 1 fen. The denominations of coins are 1 yuan; 5, 2 and 1 jiao; and 5, 2 and 1 fen.