Currency Guide China

Currency

China Yuan Renminbi = 10 jiao = 100 fen. Notes are in denominations CNY100, 50, 20, 10, 5, 1

To view images and descriptions of all these denominations [click here]

Credit Cards

Major credit cards are accepted in most larger establishments throughout the bigger cities. Yet outside the big cities usage is limited and it is best to have cash handy

Currency Regulations

The import and export of local currency is limited to 6,000 Yuan.

The import of foreign currencies is free. However, you must declare amounts over USD5,000 or equivalent.

The export of foreign currencies is limited to the amount that was declared as imported.

[Click Here] for more information on doing a money transfer to China.

Currency Exchange

Travellers cheques, preferably in US Dollars, and foreign cash can be exchanged in cities at the Bank of China. You will need to show your passport and you will have to pay commission. You can also use most western currencies in the larger hotels and also in stores that cater for tourists (called ‘friendship’ stores).

Banks

Banking hours and days vary from bank to bank in China. However, most Chinese banks are open from 9 a.m. to 4 p.m. or 5 p.m., and have branches that are open on Saturdays and Sundays, weekend opening is usually confined to a few banks in Beijing.

Exchange Rate History

Date   CNY Rate
01/01/02   11.701
01/01/03   12.953
01/01/04   14.355
01/01/05   15.422
01/01/06   13.503

A rough guide to the tourists rates for the Chinese Yuan Renminbi since the beginning of 2002

View Chinese Yuan Renminbi exchange Rate

Order Chinese Yuan Renminbi

Register for an International money Transfer to China