answersLogoWhite

0

The official currency in China is the Renminbi (RMB or CNY)or in Chinese "Ren-min-bi". The basic unit is the yuan (also known as "kuai"),which equals 10 jiao (or "mao"), which is then divided into 10 fen. Paper currency comes in 1.2,5,10,50 and 100 yuan notes. Paper jiao come in denominations of 1,2, and 5. There are also 1 and 2 fen notes, but these are rarely used as their purchasing power is exactly zero. As for coins, there are 1 youan ,1 and 5 jiao,and 1,2, and 5 fen(ahain, the fen are basically useless).

User Avatar

Wiki User

15y ago

What else can I help you with?

Related Questions

What is RMB in China?

RMB is the abbreviation for China's currency (known as the Renminbi and Chinese Yuan).


What is the meaning of rmb IN CHINA?

currency of People's Republic of China


What currency is used in Beijing?

The money used in Beijing is the Chinese RenMinBi, or RMB for short.


What does china's currency rmb stand for?

RenMinBi


What type of money do china have?

RMB. aka Renminbi.


What is rmb currency?

rmb stands for "Renminbi" which literally translates to "People's Currency" from Chinese. It is the currency of China and it's primary unit is the Yuan.


How much is the salary for in assistant accountant?

2500 RMB in china


Where in the world is RMB currency used?

The RMB currency, also known as the renminbi, is the official currency of China. Renminbi is legal tender in mainland China, but not in Hong Kong, Taiwan, or Macau.


Can you use us dollars in china?

No, only Chinese currency, RMB, is the legal currency in China, if you have USD and you go to China, you have to exchange for RMB first. it is easy, because every bank in China can handle it!


How do you send a package from US to China?

www.send2cn.com first pound 22$ add pound 8$ It is completely mistaken or outdated. The actual cost from China to Europe via China Post is around 1000 RMB. First pound around 140 RMB and around 45-50 RMB every added kilogram cs@send2cn.com


Is rmb same as Chinese yuan?

Yes, RMB (Renminbi) is the official currency of the People's Republic of China. Chinese yuan is the basic unit of RMB and is often used interchangeably to refer to the same currency.


How much is a McDonald's hamburger in china?

the popular is 13 RMB(about $2),the bigger one is 24 RMB( about $3.8)