Money: The currency used in China is the Renminbi/RMB Yuan (CNY). The Yuan is divided into 10 chiao/jiao or 100 fen. RMB is not traded outside China and we still cannot exchange or $ into RMB easily outside of China.
You can exchange some cash in the airport you arrive. Travellers cheques, preferably in US Dollars, and foreign cash can be exchanged in cities at the Bank of China. Banks are closed weekends. Normal banking hours are Mon-Fri 0900-1200, 1400-1700.
Import and export of local currency is limited to RMBY20000. Import of foreign currency is up to US$1000 (US$5000 for non-residents). Higher amounts should be declared upon arrival. Export of foreign currency is limited to the amount imported and declared.
The larger hotels and the special ‘Stores’ designed for foreigners will accept most western currencies for purchases. Major credit cards (e.g. visa and master cards) are accepted in the main cities at various establishments, but outside the major cities acceptance is limited. ATMs are scarce outside the main cities. So please do carry extra cash when you are traveling outside of major cities.
Although tipping is not required,...
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