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ChinaMoney and costs

Money exchange in China

Chinese monetary unit is the yuan, one of the most stable currencies in the world, according to international financial institutions. The exchange rate 8 yuans per dollar has been maintained for several years.

The monetary unit of China has the other name – the ren min bi, translated as “people’s money” .

Currently China has in circulation 1, 2, 5, 10, 50 and 100 yuan-banknotes, as well as coins 1, 2 and 5 chiaos; 1, 2 and 5 fyney (1 yuan = 10 chiaos = 100 fyneys). Upon arrival to Chins, it is possible to exchange the foreign money for yuans in bank of China. The currency can also be exchanged in some hotels and shops. 

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