What is the official currency in China?
The official name is the “Renminbi” (variously coded as RMB or CNY). Most people refer to the currency as “yuan.” Currency is issued in denominations of 1, 2, 5, 10, 20, 50 and 100 yuan notes. Coins are issued for small denominations, too. Notes above 20 yuan are often not accepted as counterfeiting is a growing problem in China. Tour Tip: Be prepared to have your higher denomination notes scrutinized – most hotels and larger stores use automated scanners. If possible, avoid accepting change in the form of old, torn or soiled paper currency, particularly from street vendors.
