7.02.2013

Surviving China: Money

by Matt Dela Peña


PRC currency has two names: yuan (¥) () and Renminbi (RMB). HOWEVER, if you purchase anything anywhere, the shopkeeper will always refer to it as "kuài". One kuài is like one "dollar". One kuài is divided into 10 máo () (kind of like our cents). There are two máo coins: 1 máo (10 "cents") and 5 máo (50 "cents"). So, when the shopkeeper says "shí wǔ kuài sān," she is asking for 15.30 . Got it? Great!

P.S., this currency is not legal tender in Hong Kong, Macau, or Taiwan.


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