China
1 Renminbi Yuan (CNY) = 10 chiao/jiao or 100 fen. Notes are in denominations of CNY100, 50, 20, 10, 5, 2 and 1, and 5, 2 and 1 chiao/jiao. Coins are in denominations of CNY1, 5 and 1 chiao/jiao and 5, 2 and 1 fen.
Import and export of local currency is limited to RMBY20000. Import of foreign currency is up to US$1000 (US$5000 for non-residents). Higher amounts should be declared upon arrival. Export of foreign currency is limited to the amount imported and declared.
Mon-Fri 0900-1200, 1400-1700.
RMBY 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.
American Express, Diners Club, Eurocard/MasterCard and Visa are widely accepted in major provincial cities in designated establishments. However, the availability of ATMs is often limited, and the acceptance of credit cards often unlikely away from the major cities.
To avoid additional exchange rate charges, travelers are advised to take traveller's cheques in US Dollars.
