Money Issues

Chinese currency is called Renminbi (RMB) and is issued by the state bank, the People's Bank of China. We suggest that you bring a combination of cash (US$1's, US$5's, US$10's and US$20's) and travelers' checks for your trip. It is not a good idea to bring only travelers' checks since only 50% of exchanged value can be converted back into USD. US dollars in cash form are accepted at many places while travelers' checks must first be converted into RMB.

There is a limit on the amount of foreign currency that you are permitted to bring into China. Credit cards are not widely accepted in China but are becoming more popular in major cities. International hotels and department stores and shops frequented by foreign tourists generally accept them. Taking cash advances by credit card is not common and is only possible at a few selected banks.

When you exchange currency in China, keep the receipts that the bank gives you because you need them to change the money back at the end of your journey. Note that once you leave the country with Chinese Renminbi, it is not possible to exchange it.