China Currency & Money

Money Issue

The official currency in China is the Renminbi (RMB or CNY)or in Chinese "Ren-min-bi". which translates as" the people's money", and is generally used in the same way we use the word' currency'- the Renminbi exchange rate, for instance. The basic unit is the yuan (also known as "kuai"),which is used to express all quantities including prices in shops etc. The yuan comes in paper notes of 1. 2, 5, 10, 50 and 100 yuan notes, and 1 yuan coins. 1 yuan equals 10 jiao(or mao).

Credit Cards: Credit cards are only accepted at most hotels and some tourist shops and department stores. Expect to pay in cash.

Exchanging Money: Changing Money can be done in a number of ways. Most hotels will have a foreign exchange service and will exchange cash and travelers checks. As with hotels everywhere, the exchange rate will not be the official bank rate. Most large banks will exchange money and travelers checks. It is a requirement that you produce your passport to complete the transaction. Banks will only accept foreign bank notes that are undamaged. Notes that are even slightly torn will be rejected. Travelers Checks can be a secure solution if traveling for a longer time.

Cash withdrawals from Visa and MasterCard: credit/debit card are possible at the main branches of the Bank of China in each city. A small fee is charged by the Bank and charges are also applied by the bank/credit card provider.

Bank of China ATM machines are compatible with Cirrus and Pulse so cash withdrawals are easy to complete using these machines. Only use ATM's that display the Visa and MasterCard symbols. An English menu will appear when you insert your card. The exchange rate that is applicable through ATM's is good and this can be a very convenient way to organize your money. Locations for ATM's are available from your card issuer. Limits for withdrawals on each transaction differ but US$250 per transaction is common.

Western Union is available in China although fees apply to transactions. Check the Western Union website for locations. http://www.westernunion.com/info/selectCountry.asp

Always carry some mall denomination cash (5,10,20 yuan) because if you use larger notes there is a small risk that you will be given counterfeit notes in your change at some of the markets or local stalls.

You should check more informations about: Chinese Money & Currency Converter

Local Currency

The yuan comes in paper notes with denominations of 1, 2, 5, 10, 50 and 100 yuan notes, and 1 yuan coins. 1 yuan equals 10 jiao (or mao).

See pictures of Chinese money notes

1 Yuan >
2 Yuan
5 yuan
10 yuan
20 Yuan
50 yuan (old-very rare in market now)
50 Yuan (new)
100 Yuan(new)
100 Yuan (old)

Dialing Instruction

1. China to the U.S. :: Dial – access code then - 00-1- area code- phone No.

2. China to other countries:: Dial - access code then - 00- country code - area code - phone No.

3. Domestic calls to land lines within China:: Dial - area code - phone No.

4. Outgoing calls to cell phone in China:: Dial the number

Additional Charges

Cancellation: A $10 processing fee will be charged for cancellation of a confirmed order.

Return of Equipment: Any item equipment not returned within seven days of due date without extension of the rental agreement will be considered lost and charged to the customers account.

Damaged and/or lost equipment: All equipment supplied is tested and examined prior to each rental and again upon return of the equipment. Problems with equipment should be reported immediately. Problems found after return of equipment may be considered damage caused by customer during rental period. The customer is solely responsible for loss and/or damage to/of rental equipment during the rental period. The customer accepts full liability for any loss or repair of rental equipment during the rental period.