La official coin from People's Republic of China it is the renminbi ("the people's money"), abbreviated as RMB. The base unit of this currency is the yuan (CNY). All prices in China are yuan, with the ideograms ¥ or 元. The subdivision of the yuan is the "jiao" (角). Ten "jiaos" make up one yuan. Both the yuan and the jiao have different names in colloquial Mandarin: kuai and mao, respectively. Currently, one euro is worth 8.75 yuan.
Much of the chinese currency will be in the form of bills, even of small values (there are even one jiao bills). This varies across the country, with areas where currencies are predominant. Both coins and bills are accepted anywhere. In addition, there are different versions of banknotes, such as the 1 yuan banknote. It is important to know how to recognize them.
En China la counterfeiting is very common and it is normal for any place to carefully check each bill or coin. No need to be offended. When you receive the change (or even at ATMs) you should also do the same, especially with bills over ¥ 50. You should focus on the textures, the lines of the metal, and the color change under different lights. Ask in any hotel how to recognize them, each person has their own way. Also, when you pay with bills large remembers the last digits of this. It is common (especially in taxis) to be accused of giving fake currency.
As to currency exchangeThis is done in government exchange houses or in banks and hotels. The latter are more reliable, but the process can take between 5 to 60 minutes. You will need to fill out some forms and show your passport. Keep the receipt in case you plan to leave the country with a large sum of money.
The ATMs They are all over the country. Most accept cards Cirrus, PLUS, Visa and Master Card. In large cities they also accept Diner's Club and American Express. Any Withdrawal of money it is subject to a small fixed cost. Some ATMs they ask you for 6 security digits. If you only have 4, add two zeros before typing it. If you want to withdraw money from it booth, the hours all week are from 09:00 to 17:00, with an interval from 12:00 to 14:00.
Outside of hotels, supermarkets or expensive restaurants, pay with credit card it is not accepted (even in fast food places).
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