Currency
Jun 24, 2009
The currency of the People’s Republic of China is the Renminbi/Yuan. The average exchange rate with the Euro is 1:9.51 A foreign bank card with a Cirrus/Mastercard logo can be used in most ATM’s of the Bank of China. Moreover, as more and more Chinese banks are modernising, foreign bank cards are more and more accepted at other banks. Credit cards can be used at the larger hotels, department stores and restaurants, but do not expect to be able to pay with them at smaller establishments.