China - chinese yuan/renminbi (CNY)

The Chinese currency yuan (CNY) is also called renminbi (RMB), the people´s currency. The yuan is divided into 10 jiao and 100 fen. Notes can be found in the following denominations; 1 jiao, 5 jiao and 1, 5, 10, 20, 50 and 100 yuan. When receiving change for your money always check that you get the right amount. It´s a known trick to give tourists notes of jiao instead of notes of yuan. Always look for the text yuan if that is what you are supposed to receive. Card payments are accepted to some extent but in the smaller shops, restaurants and cafés it might be difficult to pay by card. This applies also in the larger cities. You will find plenty of ATM´s in larger cities but keep in mind that cash withdrawals might be quite costly as the surcharges for the card issuer and the local ATM administrator can be quite high.

China - chinese yuan/renminbi (CNY)

The Chinese currency yuan (CNY) is also called renminbi (RMB), the people´s currency. The yuan is divided into 10 jiao and 100 fen. Notes can be found in the following denominations; 1 jiao, 5 jiao and 1, 5, 10, 20, 50 and 100 yuan. When receiving change for your money always check that you get the right amount. It´s a known trick to give tourists notes of jiao instead of notes of yuan. Always look for the text yuan if that is what you are supposed to receive. Card payments are accepted to some extent but in the smaller shops, restaurants and cafés it might be difficult to pay by card. This applies also in the larger cities. You will find plenty of ATM´s in larger cities but keep in mind that cash withdrawals might be quite costly as the surcharges for the card issuer and the local ATM administrator can be quite high.

Tip! Counterfeits are common in China. All the notes handled by us are carefully inspected; both manually and by using the latest available technology. You can always be assured that the notes received from us are genuine. One of the most common way to scam tourists is to exchange the genuine note to a counterfeit. This is usually done by taxi drivers and by clerks in shops. They claim that the note you are paying with is a counterfeit but actually the note has been changed by the driver or the clerk. This is done very fast and with great finesse. If this happens to you, by threatening to call the police usually solves the matter. The Chinese police is well aware of this kind of criminal activity and often only mentioning the police will scare the person from proceeding with the scam.