Renminbi is the official currency of China. It is abbreviated as RMB, and the unit of Renminbi is Yuan, Jiao and Fen.
1 Yuan=10 Jiao
1 Jiao=10 Fen
The fen is rarely used nowadays.
RMB is issued in the following denominations: one, five, ten, twenty, fifty and one hundred Yuan; one, two and five
Jiao. Fen has almost disappeared, so the coins in circulation are one Yuan, five Jiao, and one Jiao. Banknotes
range from one Yuan to one hundred Yuan, and vary both in size and color. Currently, Yuan is the base unit of
RMB. It is used to denominate bills, and is the unit in which prices are measured. Local Chinese always use
qian to refer money same way as American use bucks to mean dollars.
Samples of Chinese currency