Before you come to China, do some research about Chinese money and the exchange rate is useful for your trip. In this article we will introduce you the Chinese money.

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Chinese money: 1 yuan to 100 yuan

The name of the currency is RMB, short for renminbi, which means the People’s Currency. When you search programs on CUCAS, you may find out the tuition fee may described like 20,000 RMB.

The money is called yuan, and come in notes of 100, 50, 20, 10, 5 and 1. The money smaller than yuan is jiao. One jiao is a tenth of a yuan, and come in 5, 2 and 1 coins.

In oral Chinese, we speak kuai and mao instead of yuan and jiao. For example, ¥8.7 is pronounced 8 kuai 7 mao.

Tips:

1. The money with the picture of MAO (like the image above) is yuan. Others are jiao.

2. If you are afraid of fake money, then apply a Chinese debit card. You can buy thing by card. Remember, the Chinese card must with the logo of “UnionPay”.

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Chinese Currency / Money Exchange