Currency Exchange

RMB is the legal tender of the People's Republic of China. At present, paper bills come in six denominations including 1 yuan, 5 yuan, 10 yuan, 20 yuan, 50 yuan and 100 yuan. There are three types of coins with denominations of 1 jiao, 5 jiao and 1 yuan.

1.How to Convert Foreign Currencies into RMB

Both banks and international airports have exchange service counters. In China, ATMs are everywhere except for some remote towns and villages.
In 2012, a new type of machine called “XTM machine” (Automatic Foreign Currency Exchange Machine) was installed at the terminal of Changsha Huanghua International Airport, Hunan. The machine will make it more convenient for those who need to convert foreign currency into RMB.
Banks usually work from 9 a.m. to 5 p.m. from Monday to Friday and from 10 a.m. to 4 p.m. on Saturdays. Banks are closed on Sundays and holidays.

2.Exchange Rate Converter

This convenient exchange rate converter can convert tourists’ foreign currency into the corresponding amount of Chinese yuan. The worldwide exchange rate converter is available at: www.xe.com