"Chinese Renminbi" Top 5 Page for this destination China Local Custom Tip by SLLiew
China Local Customs: 240 reviews and 248 photos
Beware of counterfeit money.
Also change your money from reliable sources.
When you get a lot of small bill change, someone may try to push a "counterfeit" that they have gotten from someone else. Fortunately this does not happen often.
So do not be annoyed if a shopper visually scan your cash payment to check if it is real.
According to US, Chinese Renminbi ("People's Money) or RMB or yuan is undervalued.
So good idea to keep all your left over Renminbi as future investment.
100 yuan = US$12.6 or
800 yuan = US$100
There are old and new bills in circulation, the new ones have Chairman Mao Tze Dong.
100 yuan, 50 yuan, 20 yuan, 10 yuan, 5 yuan, 1 yuan,
5 jiao (=0.5 yuan), 2 jiao (=0.2 yuan), 1 jiao (=0.1 yuan)
1 yuan, 5 jiao (0.5 yuan), 1 jiao (0.1 yuan)
5 fen (0.05 yuan), 2 fen (0.02 yuan), 1 fen (0.01 yuan)
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