What are the denominations of Chinese currency?

Banknotes are printed in one, two, five, 10, 20, 50, and 100 yuan denominations, as well as one, two, and five jiao denominations.

What is the highest denomination of China currency?

100 yuan note
The largest denomination of the renminbi is the 100 yuan note. The smallest is the 1 fen coin or note. RMB is issued both in notes and coins. The paper denominations include100, 50, 20, 10, 5, 2 and 1 yuan; 5, 2 and 1 jiao; and 5, 2 and 1 fen.

Does China have two currencies?

Chinese money, however, comes by two names: the Yuan (CNY) and the people’s renminbi (RMB). The distinction is subtle: while renminbi is the official currency of China where it acts as a medium of exchange, the yuan is the unit of account of the country’s economic and financial system.

Are euros used in China?

Are foreign currencies like US dollars acceptable in China? Major international currencies like US dollars, euro and pounds are readily accepted in hotels or when buying things from vendors outside scenic spots and tipping the hotel porters, drivers and guides.

Can I use US dollar in China?

The US Dollar is a universally accepted currency the world over. If you are not able to procure Chinese Yuan for your trip to China, then no need to worry. You can buy the US Dollar and exchange it for the Chinese Yuan in China without any hassles.

Can I use US dollar in Hong Kong?

Generally, Hong Kong Dollar or HKD (HK$) is the legal currency of Hong Kong. In Hongkong and Macau, Chinese currency (RMB) is acceptable by some of shops and restaurants as well. In most cases, Hong Kong Dollars are used, and US Dollars, Euros, Japanese Yen, and RMB can also be used.

How much money do you need per day in China?

How much money will you need for your trip to China? You should plan to spend around ¥459 ($71) per day on your vacation in China, which is the average daily price based on the expenses of other visitors. Past travelers have spent, on average, ¥132 ($20) on meals for one day and ¥92 ($14) on local transportation.

Should you tip in China?

Tipping in China is generally uncommon and can even be considered rude or embarrassing in some circumstances. Seriously. Leaving money on a table in an authentic restaurant may confuse a staff member or cause them stress.