China's currency: what you need to know to tourists

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2018-03-27 16:50:08

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Each country has its own currency. In Russia – ruble, USA – the dollar and the Ukraine-the hryvnia. What is the currency in China? National monetary unit of this country is the yuan.

China's currencyTourists to pay for various goods or services can use international credit cards, although to travel across the country you need to have cash. To obtain them you can cash credit card, using the services of Bank of China. It is worth saying that to withdraw money at ATMs is not necessary, because there is a large risk of getting counterfeit bills. To exchange currency when you stay in China, preferably in the offices of the National Bank, as well as in hotels and airports of international class. It should also be aware that to use the services of street money changers is prohibited because it is against the law «About financial relations”. Otherwise, you can be brought to administrative or criminal liability.

It Should also be noted that to import to China any currency without any restrictions, but the export of national currencies is a clear limitation – permitted to take no more than 5 thousand yuan.

currency in ChinaThe Currency of China is considered to be the most stable not only in East Asia but throughout the world. After its devaluation in the early 90-ies keeps the rate of 8 RMB per dollar. It is worth noting that China's currency is produced not only in the form of paper bills of different denominations, but also coins – Jiao and Phineas.

Important administrative area in the country is Hong Kong. It is characterized by high autonomy, therefore, in the circulation there is another currency of China –Hong Kong dollar in paper currency (CTAG – its international designation), as well as pennies, which are available in the form of coins. The rate of this currency is pegged to the us dollar. The money issued by the Hong Kong government and three local banks. Allowed to import unlimited number of currency and border crossing Hong Kong in either direction with a GCD is prohibited.

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what is the currency in ChinaTo Exchange money in Hong Kong dollar is not a problem. This can be done in banks, exchange offices, airports, large supermarkets and many hotels. Also accepted are traveler's checks. China's currency in Hong Kong dollars is available for any tourist who has international credit card. You can use ATMs, which operate around the clock and give the cash without fees. It is worth noting that the currency in China is the most profitable exchanges in the banks, and the highest percentage we have to pay at airports.

If during your stay in this country, you will not spend all of yuan that can be exchanged for the right currency. This should bring your receipt from a previous purchase of the Chinese currency, so these documents after the implementation of all cash transactions can not be disposed of. It should also be remembered that the old and damaged banknotes can exchange reluctantly or not accepted. In addition, it is necessary to have at itself the documents proving the identity.


Article in other languages:

AR: https://www.tostpost.com/ar/finance/1842-china-s-currency-what-you-need-to-know-to-tourists.html

BE: https://www.tostpost.com/be/f-nansy/3209-valyuta-k-taya-shto-treba-vedac-turystam.html

DE: https://www.tostpost.com/de/finanzen/3207-die-w-hrung-von-china-was-touristen-wissen-m-ssen.html

ES: https://www.tostpost.com/es/finanzas/3212-la-moneda-de-china-lo-que-debe-saber-al-visitante.html

HI: https://www.tostpost.com/hi/finance/1842-china-s-currency-what-you-need-to-know-to-tourists.html

JA: https://www.tostpost.com/ja/finance/1841-china-s-currency-what-you-need-to-know-to-tourists.html

KK: https://www.tostpost.com/kk/arzhy/3210-ytaydy-valyutasy-b-lu-kerek-turisterge.html

PL: https://www.tostpost.com/pl/finanse/3213-waluta-chin-co-trzeba-wiedzie-w-organizacji-wycieczek.html

PT: https://www.tostpost.com/pt/finan-as/3210-a-moeda-da-china-o-que-voc-precisa-saber-tur-stica.html

TR: https://www.tostpost.com/tr/maliye/3215-in-in-para-birimi-bilmeniz-gerekenler-bir-tercih.html

UK: https://www.tostpost.com/uk/f-nansi/3212-valyuta-kitayu-scho-potr-bno-znati-turistam.html

ZH: https://www.tostpost.com/zh/finance/1949-china-s-currency-what-you-need-to-know-to-tourists.html






Alin Trodden - author of the article, editor
"Hi, I'm Alin Trodden. I write texts, read books, and look for impressions. And I'm not bad at telling you about it. I am always happy to participate in interesting projects."

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