Currency
Mainland China uses Renminbi, which translates to "the People’s Money". Other, common, terms for the Renminbi, RMB in shortened form, are yuan, pronounced "you-on", or kuai, pronounced "kwhy". It is common to see the Chinese currency noted as "CNY" in foreign exchange bureaus and banks. The abbreviation stands for Chinese Yuan. The symbol is ¥ or 元.Despite officially being part of China, Hong Kong still uses the Hong Kong Dollar (HK$) and Macau uses the pataca (M$ or ptca). Both the HK$ and the M$ have exchange rates that are more or less equivalent to the RMB. Note that RMB can't be used in Hong Kong or Macau so you'll need to exchange money once you're in these areas if your travel includes these places. Read more about going to Hong Kong and Macau.
Denominations
| Notes | Coins | US$ Equivalent (1USD = 7.75RMB as of Feb 07) |
| 100 | - | $12.90 |
| 50 | - | $6.45 |
| 20 | - | $2.58 |
| 10 | - | $1.29 |
| 5 | - | $0.65 |
| 2 | - | $0.26 |
| 1 | 1 | $0.13 |
| 0.5 (5 jiao) | 0.5 (5 jiao) | $0.06 |
| 0.2 (2 jiao) | - | $0.03 |
| 0.1 (1 jiao) | 0.1 (1 jiao) | $0.01 |
| - | 0.05 (5 fen) | $0.01 |
| - | 0.02 (2 fen) | $0.003 |
| - | 0.01 (1 fen) | $0.001 |
