China - Currency China - Currency
The People’s Republic of China’s currency is officially called the Renminbi (RMB) and is also known as the Yuan. Colloquially, locals and expatriates may use the Chinese word “kuai,” as in “that book is 50 kuai.” The distribution of counterfeit Chinese currency continues to plague official and private Americans. Unsuspecting Americans are passed fraudulent notes at restaurants, stores, and taxi cabs. Large numbers of 100 RMB and 50 RMB counterfeit notes continue to circulate, while even fake 20 RMB and 10 RMB (roughly three and two dollars respectively) denominations have been introduced in Beijing and other parts of the country.Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.