CHINA
CURRENCY:
The currency of China is called the Yuan.
Chinese banknotes are issued in the following
denominations: 0.10, 0.20, 0.50, 1, 2, 5, 10, 50, and 100 Yuan.
Smaller values are issued as coins, with
1 Yuan = 10 Jiao = 100 Fen.
ISSUING AUTHORITY:
People's Bank of China
ISO Code: CNY
CURRENCY IMPORT/EXPORT RESTRICTIONS:
Up to 6000 Yuan may be imported and exported.
Foreign currency may be imported for free, with amounts over 5000 United States Dollars equivalent
requiring a declaration. Foreign currency may be exported up to the amount imported and
declared.
CIRCULATION:
The current series of notes were issued in 1980. A new series was introduced
in October 1999 with the release of a new 100 Yuan note.
ALTERNATIVE CURRENCIES:
Hong Kong Dolars and all major currencies are accepted.
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