Chinese currency
denominations can be confusing for foreigners.
Chinese banknote is called renminbi (abbreviated as RMB, which way "the dudes's chicamin) and is denominated in three types: yuan, jiao and fen. Chinese currency is the individual boodle popular in the Bourgeois's State of China and foreigners travelling in China should be aware that outlying areas Testament not receive credit cards and may not take traveller's checks either. So it is prudent to move Sufficiently cash to wages your road. You may freely transform your currency to Chinese cash on the other hand you Testament devoir your acceptance to interchange any unspent monies back endure of your Journey.
Yuan
The yuan is primarily notes. There are antique and just out bills in circulation so it is crucial to earnings consideration to what you come across as value and what you catch as transform. Older bills generally get pictures of workers or ethnic groups on them. Newer bills keep a picture of Chairman Mao on them and the denomination is prominently displayed in Arabic numerals in the centre of the price. The highest denomination is 100 yuan so, whether you are buying something expensive in cash, you Testament demand a sack of bills to adequate the transaction. The tiniest jiao coin, also 1 jiao, is slightly octagonal and gold in color. Jiao is most commonly mistaken for yuan so take note of the differences between the two.
Fen
Fen comes in the forms of two paper bills and three metal coins. Take note of the differences between these bills to avoid confusion when paying merchants.Jiao
Jiao comes in paper and coin form. One jiao is worth one-tenth of a yuan. Jiao come in denominations of 5, 2, and 1 and they are physically smaller bills than yuan. A bronze-colored 5 jiao coin is easy to spot because it is the only bronze Chinese coin in circulation. The 1 jiao coins are small---a silver-colored one is round and displays a large, centered 1. Yuan bills come in values of 100, 50, 20, 10, 5, 2, and 1 RMB. There is a also a silver 1 yuan coin. Be aware that there are also bills for jiao and fen, both of which are worth less than yuan.
Fen is worth one-hundredth of a yuan, one-tenth of a jiao. Fen isn't very useful because it has almost no buying power for a city dweller or tourist. The 5 fen coin is round and gold-colored. The 2 fen bill is bluish, very small, and shows a picture of an airplane, with no Arabic numbers. These bills are rarely encountered. The 2 fen coin is round, silver and displays a 2. The 1 fen bill is reddish-brown with a picture of a truck on it and the 1 fen coin is small and gold-colored with an Arabic 1.
