Money of China

country Monetary unit - yuan (CNY). The national currency quotation.

Throughout two and a half thousand years in the Chinese monetary circulation round bronze coins with quadrangular otverstviem in the middle, different weight and dignity overtopped. In 1889 currency reform in which result China has injected at itself moneys on the basis of the Mexican dollar has been effected. 1 Chinese dollar (apprx. 24 g silver), on-kitajski yuan became ravnjatsja to 100 cents (on-kitajski - fynjam). Before January reform of 1994 in China there was two variety of yuans: national (red, that is what in circulation now) and currency (green, designed in the core for foreigners - something of phylum of certificates and cotters of the Birches which were in due course in the USSR). Naturally on a black market green yuans cost much more the red. More green yuans are not released, but are accepted all trade enterprises of the country on a level with the national.

The Modern monetary unit of China yuan (=10 öçÿî=100 fynjam) has been injected into the circulation in January, 1994. After the devaluation of yuan spent in January, 1994 its official rate against the dollar the USA is kept resistantly to and even raises a little. Today in China in circulation there are notes of denomination in 1, 2, 5, 10, 50 and 100 yuans. They are executed in various tinctures of red colour, on a paper not the best quality. And consequently look usually modestly - hardly poterty and are bedraggled. However this high-grade (false yuans are practically unknown because of severe aboriginal laws for counterfeiters) and a unique official legal tender in terrain Peoples Republic of China.

Laws in China to foreigners are More loyal. Restrictions on importation and HARD CURRENCY exportation (except, certainly, especially large amounts) for them do not exist. In the customs declaration of the cramp on imported currency are not brought.

Intercharge points in Beijing accept world leading world currencies, in large cities of the South of China everywhere change also dollars Singapore. Complications can originate with old or damaged dollar denominations - them at you can not take simply. Usually tourists address to jars seldom - change currency for yuans at the airports, on railroad stations, in large gostinnitsah and shopping centres. The matter is that exchange headings in all establishments having the official permission to exchange, are approximately equal. For exclusion of the international airports where for dollar give for 0,05-0,1 yuans more. Items in gostinnitsah function round the clock. It is well familiar to the Russian tourists and the Friendship which has been had in the middle of Beijing - here it is possible not only to exchange currency the big department store but also at once to acquire purchasings.

Acts in China and a parallel black market where the dollar, naturally, costs more expensively. But there it nothing the ordinary tourist. If it does not become a victim of the Chinese professionals-changed for certain will get on eyes politseskomu which for small infringement will rebuke the American or the German only, and Russian on old friendship will necessarily fine, and even pobet.

International charge cards accept in large hotels, shops, restaurants of good level. But they are less favourable to the tourist, than cash. Besides, from holders of cards take a special charge, to equal 1-2 percent from purchasing cost, and in this case it is impossible to count on the discount. Paying off cash in China often it is possible to bargain and knock down the price.