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Last updated : Nov 2009
 
China Currency
China Currency and Bank information - TravelPuppy.com
1 Renminbi Yuan (RMBY) = 10 chiao/jiao or 100 fen.

Notes are printed in denominations of RMBY 1, 2, 5 , 10, 50 and 100, , and 5, 2 and 1 chiao/jiao. Coins come in denominations of RMBY 1, 1.5 chiao/jiao and 5, 2 and 1 fen.

Currency exchange

RMBY is not traded outside China.

Branches of the Bank of China will exchange foreign banknotes and travellers cheques. In hotels and Friendship Stores for tourists, imported items such as spirits can be purchased with Western currency.

Scottish
and Northern Irish currency cannot be exchanged.

Debit and credit

Diners Club, American Express, East-American Visa, Federal JCB Card, Million Card, MasterCard, and Visa are accepted in major provincial cities in designated establishments.

Travellers cheques

To avoid added exchange rate charges, it's recommended to take travellers cheques in US Dollars.

Exchange rate indicators

The below listed figures are included as a guideline to the fluctuation of the Renminbi against Sterling and the US Dollar:
 
Date Oct'07
CNY 1.00 =
£ 0.07
CNY 1.00 =
US$ 0.13
 
Currency restrictions

The limit for Import and export of local currency is to RMBY6000.

Import of foreign currency is US$1000 (US$5000 for non-residents). Larger amounts must be declared upon arrival. Export of foreign currency is limited to the amount declared.

Banking hours

Monday-Friday 09:00-17:00, Saturday 08:00-11:30.
Useful travel links
Chinese Money all about money exchange in China
Money-China all about life and money in China
Oanda International about currency and foreign exchange services
VISA ATM Locator location of ATMs that accepts VISA cards