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Home > China Travel Guide > China Travel Essential Info > Chinese Currency

Chinese Currency

Chinese currency is called yuan or, more commonly, Renminbi (RMB). In Chinese, Renminbi means "People's Currency".

The unit for Renminbi is YUAN, JIAO, FEN: 1 YUAN = 10 JIAO = 100 FEN.

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The official subdivisions of the yuan are the jiao (角), at 10 jiao to the yuan, and the fen (分) at 10 fen to the jiao. A coin worth ¥0.10 will thus say 壹角 ("1 jiao"), not "10 fen", on it.
Note also that most Chinese currency will be in the form of bills -- even small change. The smallest bills are one jiao, a tenth of a yuan.

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