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In the following article, Mytour will compile Chinese currency denominations to help readers preparing for study or travel understand and grasp the denominations for convenient spending in the upcoming ventures.
Currency denominations in China
The Currency Unit of China
Every country has its own currency unit. If the currency unit in Vietnam is the Vietnamese Dong, then in China, the currency unit is the Renminbi.
According to international conventions, China's Renminbi is abbreviated as RMB and symbolized as CNY, with the symbol ¥. Although it was issued in 1948, the official denomination was only announced in 1999.
Chinese Currency Denominations
For those studying or traveling to China, understanding the denominations of Chinese currency is essential to manage expenses properly and avoid confusion between different denominations.
Currently, the Chinese Renminbi is still divided into two types: paper money and coins. Each type has different denominations, ranging from the lowest of 1 fen to the highest of 100 yuan.
- Paper currency denominations include: 1 yuan, 2, 5, 10, 20, 50, and 100 yuan.
- Coin denominations consist of: 1 fen, 2 fen, 5 fen, and 1 yuan coin.
According to the exchange rate,
- 1 yuan = 10 fen
- 1 fen = 10 cents
All paper bills feature the portrait of Premier Mao Zedong on one side and various scenic landmarks and cultural sites of China on the other side.
1 yuan
The 1 yuan bill features the iconic symbol of Three Pools Mirroring the Moon (representing three large gourd-shaped pagodas situated in the middle of a lake) at West Lake in Hangzhou, Zhejiang Province. This location is famous and celebrated in poetry.
5 yuan
The 5 yuan bill features the iconic symbol of Mount Tai - a UNESCO World Heritage Site. This mountain is legendary and a prominent landmark in China.
10 yuan
The 10 yuan bill depicts the scenic Cudong Mountain Pass along the Yangtze River. This location embodies the majestic beauty of the Three Gorges, formed by the confluence of the Gialang and Yangtze rivers.
20 yuan
The 20 yuan bill features the iconic symbol of the Li River in Guangxi, along with limestone karsts, showcasing magnificent and breathtaking natural scenery.
50 yuan
In contrast to the denominations above, the 50 yuan note depicts the Potala Palace in Lhasa, Tibet, situated in the city of Lhasa, a UNESCO-recognized architectural marvel and world heritage site.
100 yuan
The banknote featuring the Great Hall of the People in Beijing is the 100 yuan note of China.
Above are the denominations of Chinese currency and ways to distinguish them. Hopefully, you've gained the most useful knowledge to ensure you don't incur losses or confusion when exchanging Renminbi and spending money.
Additionally, you need to know how much Vietnamese money is needed to exchange for 1 yuan accurately when converting from Renminbi to Vietnamese currency. Refer to the article on how much Vietnamese money is needed to exchange for 1 yuan to learn the most accurate way to convert yuan to Vietnamese dong.
