Each country has its own currency. In Russia, the ruble, in the US - the dollar, and in Ukraine - the hryvnia. And what is the currency in China? The national currency of this country is the yuan.
Tourists can use
international credit cards to pay for various goods or services, although you need to have cash to travel around the country. To receive them, you can cash a credit card using the services of the
Bank of China. It is worth saying that it is not worth withdrawing money from ATMs, since there is a big risk of receiving fake banknotes. It is best to exchange currency while staying in China at the branches of the National Bank, as well as in hotels and international-class airports. You also need to know that it is forbidden to use the services of street money changers, since this contradicts the law "On monetary relations." Otherwise, you may be held administratively or criminally liable.
It should also be noted that it is possible to import any currency into China without any restrictions, but there is a clear restriction on the export of national monetary units - it is allowed to take no more than 5 thousand yuan with you.
The currency of China is considered the most stable not only in East Asia, but also throughout the world. After its devaluation in the early 90s, the exchange rate is 8 yuan per dollar. It is worth noting that the currency of China is issued not only in the form of paper notes of different denominations, but also coins - jiao and finney.
An important administrative region of the country is Hong Kong. It is characterized by high autonomy, therefore, in the monetary turnover there is another currency of China - the Hong Kong dollar in paper notes (GCD - its international designation), as well as cents, which are issued in the form of coins. The rate of this currency is pegged to the US dollar. This money is issued by the Hong Kong government and three local banks. It is allowed to import an unlimited amount of currency, and crossing the Hong Kong border in any direction with the GCD is prohibited.
Exchange the available money for the
Hong Kong dollar is not a problem. This can be done at banks, exchange offices, airports, large supermarkets and in many hotels.
Traveller's checks are also accepted
. The currency of China in the form of
Hong Kong dollars becomes available to any tourist who has an international credit card. It is enough to use ATMs that work around the clock and give out cash without paying commissions. It is worth noting that the currency in China is exchanged most profitably at banks, and the highest percentage has to be paid at airports.
If you do not spend all RMB during your stay in this country, they can be exchanged for the necessary monetary units. At the same time, you should present a check of the previous purchase of Chinese currency, therefore these documents cannot be discarded after all cash transactions have been completed. It must also be remembered that old and damaged bills may be reluctant to exchange or not accepted at all. In addition, you must have identification documents with you.