14 Let’s Talk Trash! JAN/FEB 2019
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What currency does China use? The main unit of Chinese money, what we could call the Chinese “dollar”, has several interchangeable names, which can be confusing. You may hear Chinese money referred to as Renminbi, or RMB, which means simply “Peoples Currency”. So in this case you may see prices quoted like this: RMB 10 You may also hear the Chinese dollar referred to as “Yuan”. The abbreviation CNY is used, sometimes written as CN¥ or just ¥, and so you may see the same prices quoted as CNY 10. You will commonly hear people use the word “kwai”, which is still exactly the same thing. The price would be stated as “10 kwai”. There are also names for denominations smaller than an RMB / Yuan / kwai: Jiao or mao are both the name for a tenth of a yuan. A fen is a hundredth of a yuan.
https://www.chinaeducationaltours.com/guide/article-your-china-money- questions.htm How much would it cost for a hamburger in US currency in China?
1 Chinese Yuan equals 0.14 United States Dollar (exchange rate is subject to change) CHINESE MONEY VS US MONEY ¥ 100 CNY $ 14.44 USD ¥ 250 CNY $ 36.10 USD ¥ 500 CNY $ 72.19 USD ¥ 1,000 CNY $ 144.39 USD
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