Money

Money = Yuan  (the symbol ¥  or the character: 元)
Renminbi = Chinese monetary unit (RMB)

The current exchange rate is ¥6.13  = $1 USD. So, any price tags you see in photos, divide by 6.

 1 yuan = about 17 cents
 The 1 yuan is also a coin, 17 cents.

 5 yuan is about 83 cents.

 10 yuan is about $1.67.

20 yuan =about $3.33

50 yuan is about $8.33 but we rarely get them and they go fast since no one likes taking 100 yuans.

 

 100 yuan = $16.67. These appear to be highly counterfeited so most places have a machine to check for authenticity. Or they won’t accept them. One of the French bakeries we go to runs it through a machine and then keeps a log of their serial numbers.

Now for the small stuff.  We have a huge collection of this already because it seems so inconsequential a sum of money that we don’t carry it around.


Okay, so these are bills, but they are smaller then the other bills (both in physical size and in value). This is half of 1 yuan, so about 9 cents.

And this is a 1 jiao, a tenth of a yuan. So this is worth about 1 and a half pennies.

Coins: the top one is a 1 jiao (the bill above).  The middle one is a 1 yuan coin (already pictured earlier).  The bottom one is a 5 jiao coin, (the other bill above).

B’s school moved some salary around and paid him part of next August’s pay this August, or something like that.  And they didn’t yet have his bank account information so they just handed him an envelope full of 100 yuan notes.

THEN, they also gave him his reimbursement money (visa application fees, his airline ticket, etc.) in an envelope full of 100 yuan notes.

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