Chinese money is called Renminbi (RMB) means "The People's Currency". The popular unit of RMB is yuan" The official exchange rate between U.S. dollar and Renminbi yuan currently is about 1:7.8(1 dollar = 7.8 yuan, For current exchange rate, please click Money Converter for detailed information ). 1 yuan equals 10 jiao, 1 jiao equals 10 fen. There are parts of China where the yuan is also known as Kuai and Jiao is known as mao. Chinese currency is issued in the following denominations: one, two, five, ten, twenty, fifty and one hundred yuan; one, two and five jiao; and one, two and five fen.
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