Wednesday, February 25, 2009

Chinese money


Chinese money is called Renminbi (RMB) means "The People's Currency".

The popular unit of RMB is yuan"
1 yuan equals 10 jiao, 1 jiao equals 10 fen.

There are parts of China where the yuan is also known as Kuai and

Jiao is known as mao. Chinese currency is issued in the following denominations:

one, two, five, ten, twenty, fifty and one hundred yuan; one, two and five jiao; and one, two and five fen.
The official exchange rate between U.S. dollar

and Renminbi yuan currently is about 1:6.8 (1 US dollar = 6.8 yuan RMB)
For current exchange rate, please click money convertor for detailed information

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