The yuan is the currency of China, which means “people’s currency.” The renminbi (RMB) is the currency of China. The yuan is known as kuai in Chinese. The fen notes and coins are almost worthless due to their low value.
It is equivalent to about $14 in Chinese currency. The price here is much higher than most other cities in the world, at 50 USD. Beijing is one of the most expensive cities in the world to travel by taxi, as is the case in any major city.
How Much Is $20 Us Dollars In China?
Conversion rates US Dollar / Chinese Yuan
How Much Is A Dollar Worth In Shanghai?
$, US$ 1
$, US$ 5
$, US$ 10
$, US$ 50
What Is China’s Currency Called?
Currencies Renminbi China renminbiChina / Currencies
Can You Use Us Dollars In Shanghai?
The larger the bank branch, the more checks it accepts in hard currency, but the smaller the branch, the less it accepts in hard currency. There will be a change in U.S. banking relationships between Chinese banks and American banks. The dollar is worth more in yuan than in dollars, so you should have some in your possession. In case of an emergency, you should have dollar notes on hand.