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Currency
1 Renminbi Yuan (CNY; symbol ¥) = 10 chiao/jiao or 100 fen. Notes are in denominations of ¥100, 50, 20, 10, 5 and 1, and 5 and 1 chiao/jiao. Coins are in denominations of ¥1, 5 and 1 chiao/jiao and 5, 2 and 1 fen. Counterfeit ¥50 and ¥100 notes are commonplace.
Currency Exchange
CNY is not traded outside China. Foreign banknotes and traveller's cheques can be exchanged at branches of The Bank of China. In hotels and Friendship Stores for tourists, imported luxury items such as spirits may be bought with Western currency. Scottish and Northern Irish banknotes cannot be exchanged.
Credit/Debit Cards and ATMs
American Express, Diners Club, MasterCard and Visa are widely accepted in major provincial cities in designated establishments. However, the availability of ATMs is often limited to airports, large tourist hotels and major shopping centres, and credit cards are often unlikely to be accepted away from the major cities.
Traveller's Cheques
To avoid additional exchange rate charges, travellers are advised to take traveller's cheques in US Dollars.
Currency Restrictions
Restrictions apply.
Banking Hours
Mon-Fri 0900-1600/1700. Some banks close for lunch from 1200-1300.
Exchange Rate Indicators
| Date | Jul 08 |
| £1.00= | ¥13.66 |
| $1.00= | ¥6.85 |
| €1.00= | ¥10.89 |
