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Answer: The legal tender of the People's Republic of China, issued by the People's Bank of China, is the Renminbi, literally people's currency.
• Short official name: CNY (China Yuan)
• Abbreviation: RMB
• Chinese: Ren Min Bi (人民币)
• Symbol: ￥
• Monetary unit: Yuan (元)
• Fractional units: Jiao (角) and Fen (分)

How many sets of RMB have been issued?

Answer: With the establishment of the People's Bank of China on December 1st 1948, the first edition of Chinese currency was issued. To date, five sets of currencies have been published, circulating the last edition from October 1st 1999.

Is the currency used in Hong Kong the same as that of the mainland?

Answer: The currency used in Hong Kong, Macau and Taiwan is different
• Hong Kong: Hong Kong Dollar
• Abbreviation: HKD＄
• Macau: Pataca
• Abbreviation: MOP＄
• Taiwan: New Taiwan Dollar
• Abbreviation: NT＄

I often hear people say "kuai"; does it refer to RMB?

Answer: Yes. Colloquially in Chinese, the Yuan is called kuai, and the Jiao is called mao.

What is the conversion among Yuan, Jiao and Fen?

Answer: 1Yuan = 10 Jiao = 100 Fen

What are the main notes used now?

Answer: Currently, the paper money used is 1 Jiao, 5 Jiao, 1 Yuan, 5 Yuan, 10 Yuan, 20 Yuan, 50 Yuan, and 100 Yuan. The coin used is 1 Yuan and 5 Jiao. Do not easily accept the money of other denominations.

Herein are pictures of China paper money and coins. You can click each picture to see its original size.