Currency in China

The official currency in China is the Renminbi which is also abbreviated ass RMB. The word Renminbi literally translates as People’s Money. The basic unit is Yuan. Hence, when you are heading on a China trip you must make sure that you exchange your home currency with the Chinese currency at the airport or at the banks or foreign exchange bureaus.

Many department stores and hotels and restaurants accept credit cards and ATM cards such as MasterCard, Visa, and American Express. If you are visiting rural parts of China, it is best to carry cash as you may not be able to use your card.

Banks will generally accept foreign currencies that are undamaged so make sure that you bring in undamaged home currency notes to get exchanged. You can also use your ATM cards but do check with your bank as there will be a fee deducted for withdrawing funds.

Check out SOTC’s China holiday packages to know more.

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