Chinese Currency

Renminbi (RMB) is the sole legal currency in China. The unit of RMB is yuan.
It is divided into ten jiao or mao. Each jiao is equal to ten fen. RMB denominations : 1, 2, 5, 10, 20, 50 and 100 yuan; smaller 1, 2 and 5 jiao, all in notes. There are 5 jiao and 1, 2, 5 fen in coins. A 50 and 100 yuan bill are shown in the picture to the left. Some of the larger stores or hotels would accept credit cards, but for the most part we converted our money into Chinese Yuan or Renminbi. Money exchange sponsored by Bank of China are set up in airport, hotels and tourist stores. The exchange rate is formulated by the State Administration of Exchange Control. As a result, the exchange rate is the same wherever you change the money. All money exchanges are opened seven days a week from 8 am to 7 pm. The hotels offer exchange between 7 am and 11 pm.
See some photoes of Chinese currency http://www.brianboberg.com/china/money.shtml