1. Renminbi

Chinese currency is called RMB, issued by the People's Bank of China. The unit of Renminbi is the yuan and the fractional currency are jiao and fen and are of the decimal system (10 fen = 1 jiao; 10 jiao = 1 yuan). The abbreviation of RMB yuan is Y.

2.RMB travelers cheques

For the convenience of tourists, the business department of the Bank of China headquarters and domestic branches a Beijing, Shanghai, Tianjin and Guangzhou and branch in the Hong Kong Special administrative Region as well as branches in London, Singapore and Luxembourg sell RMB travels cheques.

Administration of Bringing in and Taking Out Chinese Currency Bills

1. Stipulations on the control of foreign exchange cash and bills brought in and taken out of China.
There is no limit in amount for foreign currency and foreign exchange bills that can be brought into China by tourists, but it must be declared to the customs. The Bank of China and its exchange centers can handle foreign exchange and issue a foreign exchange certificate valid for six months.

2. Stipulation on the control of RMB brought in and taken out China.
Unused RMB should be converted bank into foreign currency with the personal valid "foreign exchange certificate" before leaving China. When leaving, the customs will examine the permit for taking out foreign currency, gold and silver issued by the Bank of China (called the "taking out permit"). Unused foreign exchange and RMB travelers cheques are permitted to be taken out.