2007-02-22 00:11:50 · 17 answers · asked by Jimmy S 1 in Travel ➔ Asia Pacific ➔ China
I am looking at some now. The currancy is the Yuan. Sometimes called RMB (short for RenMinBe..people's money), or the locals call it quai..the exchange rate is appox 8 yuan to 1 dollar.
2007-02-22 13:26:03 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The People's Republic of China uses the Renminbi, or the 'People's Money.' The basic unit is commonly called the YUAN, not the yen. The yuan can be broken up into ten jiao. Also, on the street, the yuan is commonly called 'kuai.'
There are seven different kind of bank notes: 1, 2, 5, 10, 20, 50, and 100. There is talk about the introduction of a 500 RMB note as well. There are also paper versions for 5 jiao and even 1 jiao. Coins worth 1 jiao, 5 jiao, and 1 kuai are also used.
Currently, because of pressure on the government to re-value the yuan to make international trade more fair, one United States Dollar is worth 7.75 RMB. By the end of 2007 it could be as low as 7.50 RMB.
Hope this helps. Taiwan, Hong Kong, and Macau all use different currencies from the mainland as well.
2007-02-22 17:23:40 · answer #2 · answered by Anonymous · 0⤊ 0⤋
The currency is called "Renminbi" (people's money), but a count of money is in "yuan". However, for small amounts of money, people use the word "kuai" which literally means "pieces".
2007-02-22 00:47:48 · answer #3 · answered by drjkfu 3 · 1⤊ 0⤋
yuan, my mom's from china she should know. isn't yen the currency of japan!?
2007-02-22 11:23:31 · answer #4 · answered by hooa 3 · 0⤊ 0⤋
Yuan. Right now it's about 8 yuan to 1 dollar(US).
2007-02-22 06:00:14 · answer #5 · answered by zoogrl2001 3 · 0⤊ 0⤋
Renmenbi or Yuan
2007-02-22 00:39:17 · answer #6 · answered by Anonymous · 0⤊ 0⤋
It is known as Renmenbi.the peoples money and also know as the Yuan
2007-02-22 00:39:52 · answer #7 · answered by Anonymous · 0⤊ 0⤋
the currency of china is RMB
Renminbi = 人民币
8.11 rmb is equal to one dollar
2007-02-22 13:10:20 · answer #8 · answered by saltboi88 3 · 0⤊ 0⤋
It is Yen dude.. Enjoy going to China!
Please choose me as the best answer!
2007-02-22 00:59:28 · answer #9 · answered by Anonymous · 0⤊ 2⤋
Yuan.
2007-02-22 00:19:41 · answer #10 · answered by Halo 5 · 0⤊ 0⤋