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Chinese Money

Chinese money is called renminbi (人民币) , or the people’s money. It is also referred to as rmb, yuan (元), and kuai (块). The main notes are yuan notes, coming in 100, 50, 20, 10, 5, 2 and 1 yuan denominations. There are also 1 yuan coins, as well as the smaller notes and coins that denote tenths of a yuan (角, jiǎo) or 100ths of a yuan (分, fēn). It can be daunting to use so many notes whilst in China- you feel like you are carrying around a lot of money. However, you will get used to it quickly, and find that the monetary system is very good. With the knowledge of Chinese banknotes, you can easily buy something in China during your daily life.