| Currency
The unit of Chinese currency is Yuan, divided into ten Yiao, which are again divided into ten Fen. 1 Yuan = 10 Yiao = 100 Fen.
Chinese currency renminbi denominations: 1, 2, 5, 10, 50 and 100 Yuan; smaller 1, 2 and 5 Jiao, and tiny 1, 2 and 5 Fen. There are also 1 and 5 Jiao coins; and 1, 2 and 5 Fen coins.
Convertible currencies
In China the following currencies from 17 countries and regions can be converted into Chinese RMB.
Australian dollar (A$), Austrian schilling (Sch), Belgium franc (BF),Canadian dollar(Can$), Danish krone (Dkr), German mark (DM), French franc (Ff), Japanese yen (Y), Malaysian Ringgit (M$), Dutch guilder(F1), Norwegian krone(Nkr.), Singapore dollar (S$),Swedish krona (Skr.), Swiss franc (SF), British sterling pound, US dollar US$),and Hong Kong dollar (HK$).
Tourists can exchange their money in China for renminbi (RMB). We suggest that you take traveler's checks as they command a slightly higher exchange rate than cash. The Bank of China operates exchange desks at all hotels and airports.
At present, most major credit cards such as American Express, Visa, Million Card, Master card, Diners Club, Federal Card, East Americard-Visa, Pacitic card and JCB Card can be used in China.
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