Chinese Paper Currency, Renminbi, China Yuan, Chinese Currency, Chinese money, China money, RMB, CNY, Renminbi information



Basic information
about spending money in Beijing

For many overseas visitors, the
Beijing Olympic Games offers a good opportunity not only to
watch exciting games, but also to enjoy a shopping spree, as the
country is well known for its low-price, good-quality
Made-in-China products.


Yet prior to splashing out in Beijing, it is useful to know some
basics about the Chinese currency yuan (or renminbi), how to
change your money into yuan, related Chinese foreign exchange
policies and so on.

    RENMINBI,
YUAN


The renminbi (literally “people’s currency”) is the legal tender
in the mainland of the People’s Republic of China. It is issued
by the People’s Bank of China (PBOC, central bank). The official
abbreviation is CNY, although also commonly abbreviated as “RMB”.


Chinese paper money usually comes in 1 fen (rare), 2 fen
(rare),5 fen (very rare), 1 jiao, 2 jiao, 5 jiao, 1 yuan, 2 yuan,
5 yuan,10

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Compare Today’s Best Exchange Rates From The UK’s Biggest Currency Suppliers

Get a better deal on your travel money and holiday essentials

Every five minutes we compare hundreds of exchange rates and currency deals from a wide range of UK travel money suppliers so you can see in an instant who is offering the best deals. You can order online for free home delivery or find your nearest currency supplier to collect in person. Also, if you’ve returned home with any leftover currency; we’ll show you where you can exchange it back at the best price.

Money Transfers

Send or receive funds between two accounts anywhere in the world. Don’t use your bank to transfer currency; a licenced broker could save you hundreds or thousands of pounds.

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Prepaid Currency Cards

A secure and flexible alternative to cash. Open an account, add funds to your card and use it anywhere in the world at the fraction of the

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What is currency? definition and meaning

Tokens used as money in a country. In addition to the metal coins and paper bank notes, modern currency also includes checks drawn on bank accounts, money orders, travelers checks, and will soon include electronic money or digital cash.

Types of Currency

What gives currency its value? Depending on the type of money, there are many different ways that value is assigned and handled. These are the types of currency.

Fiat Currency

Fiat currency is, at its core, money that is worth what the government and free market determine it is worth.

It gets its value through fiat. Every developed nation uses fiat currency, because the value can be controlled through monetary policies. Some examples of fiat currency include the American dollar, British pound, and Euro.
Asset Backed Currency

Sometimes, assets like gold and silver are used to guarantee the value of currency. Often, asset backed currencies are made out

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China Finance China Banking, China Banks, China Finance Information, Chinese Currency


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What people outside China say?


  •  What is the average financial
    intelligence of Chinese people?

    (link to full story
    )
  • China’s E-Payment Boom (link
    to full story
    )
  • China Currency Internationalization: A
    Moving Feast (link
    to full story)
  • Renminbi: Chinese currency could become
    the next safe haven
    By Josh Noble (details)
  • [Viewpoint] China’s new currency policy
    – The Chinese government might alter its
    currency policy to reduce portfolio
    risks and contain domestic inflation. (click)
  • China’s old bad banks run new risks – By
    Henny Sender (click for details on

    Financial Times
    )
  • China to become global banking king
    by 2023: Report
    (click
    for details)
  • A sudden rise in the yuan would solve
    nothing
    (click
    for details
    )
  • Analysis: Offshore yuan market
    foreshadows China bond market (click
    for details
    )
  • China’s Self-Defeating Currency Policy –
    Although a
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United States Currency | USAGov

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