whats the currency of China?

Answer 1

The currency is called the "renminbi" which literally means "the people's currency."

The base unit of the renminbi is the yuan. One yuan is divided into 10 jiao, and one jiao is divided into 10 fen.

Yuan literally means round object. The character used for Japanese currency, Yen, is based on the Chinese Yuan. It is the same Kanji character (identical meaning) but in a different form (written differently).

Most currency converters will convert to/from Renminbi. Look for China Yuan Renminbi, RMB or CNY.

The easiest way to find the current exchange rate is to use Google. For example, enter "1 USD in CNY" as the search criteria:
http://www.google.com/search?q=1+USD+in+CNY

You can also use "1 USD in RMB" as the search criteria:
http://www.google.com/search?q=1+USD+in+RMB

Since CNY is the same as RMB, both searches will give you the same result.

For pictures and pronunciations of Renminbi:
http://www.thebeijingguide.com/money/money3.html

Here's a guide on spotting fake Chinese currency:
http://www.xian-travel.com/china-travel-guides/chinesemoney/

Have fun in China!

Answer 2

The RMB, or yuan. It's not an internationally traded currency because it's not stable enough. Japan's currency is the yen, but pretty much 'yuan' it's pronounced the same as 'yen' anyway, so you could be forgiven for mixing the two up.

Answer 3

China Yuan Renminbi . There are about 15 to 1 British pound or 8 to the US Dollar

Answer 4

Currency of China is called RMB (Ren min bi) which means "people's currency". So you write RMB 500, RMB 10 etc. Yuan means "unit". In China, unlike most of the other currencies in the world, there is difference between the name of the currency and the name of the unit. For example, RMB 500 has 500 yuan (units). But, in the US, "dollar" is the name of currency as well as the name of the unit......$500 has 500 dollars (units).

Answer 5

Renmingbi which literally means people's currency. The denomination more or less equivalent to a dollar is yuan.

I hope the answer is of help.

Answer 6

Sorry guys, the yen is the japanese currency

In china it's the Yuan Renminbi (CNY)
and it's approx. 8 yuan to a USD (Alex was right on that)

If you're talking about HongKong it would be the HongKong Dollar (HKD)
and it's a little less than 8 HKD to a USD

Answer 7

It's the Renminbi (means "the people's currency"), more commonly known as the Yuan.

Yen is the currency of Japan.

Answer 8

just want to clarify the answer from FF. The currency notation of Yuen Renminbi is more likely to be RMB rather than CNY in terms of financial market practice, such as bank. I would argue that it is only the short form of Chinese New Year though,

Answer 9

It is Yen, but pronounced as "yuan". It sounds close to the abbreviation of "United Nation"- UN.
The exchange rate is about 8.5 to 1.
You can use credit card in most of stores in internationally known cities, but if you travel to villages or west you might be better off to carry Chinese currency.
Try not to exchnage too much before the trip. Sometimes, you get better deals locally.

Answer 10

Definitely the Yen