Common sense of money on the trip

The currency of China is RMB, which is issued by the State Bank, the People's Bank of China. The unit of RMB is yuan, and the tokens are cents and cents. A dollar is ten cents and a dime is ten cents. Paper money has yuan, jiao and fen, and coins have yuan, jiao and fen. The face value of yuan is 1, 2,5, 10 yuan, that of 50 yuan is 100 yuan, that of corners is 1, 2,5 cents, and that of cents is 1, 2,5 cents. The abbreviation of RMB yuan is RMB yuan.

Foreign currency exchange

The foreign currencies that can be exchanged in China now are:

Dollar, pound, French franc, German mark, Japanese yen, Australian dollar, Austrian schilling, Belgian franc, Canadian dollar, Hong Kong dollar, Swiss franc, Danish krona, Dutch guilder, Norwegian krona, Swedish krona, Singapore dollar, Malaysian ringgit, Italian lira, Macao dollar, Finnish mark, etc. When a bank handles foreign currency exchange and exchange business, it becomes foreign currency exchange business.

According to China's current foreign exchange management regulations, foreign currency circulation is prohibited in People's Republic of China (PRC), and foreign currency pricing and settlement are not allowed. In order to facilitate foreign guests visiting China and compatriots from Hong Kong, Macao and Taiwan to spend money, designated foreign exchange banks such as Bank of China accept foreign currency traveler's checks and foreign credit cards to exchange RMB, as well as 22 kinds of foreign currency cash and NT$ of Taiwan Province Province. In addition, in order to make it as convenient as possible for cardholders, in addition to banks, some hotels, restaurants or shops can also exchange foreign currency for RMB. Before leaving the country, the unused RMB can be converted into foreign currency with foreign exchange bills valid for six months and taken out of the country. Different situations use different exchange rates. Exchange the purchase price for traveler's checks, credit cards and remittances; Use the selling exchange rate to exchange foreign currency, including foreign currency cash; Exchange foreign currency cash and use cash to buy the price.

Foreign credit cards handled in China:

At present, foreign credit cards that can be handled in China mainly include:

1, MasterCard.

2. visca.

3. American Express Credit Card.

4.JCB card

5. Dinner card.

Various regulations on "people coming to China"

Article 17 of the Regulations on Foreign Exchange Control in People's Republic of China (PRC) stipulates: "Foreign exchange remitted or brought in by domestic institutions and personnel from abroad may be kept by themselves, deposited in banks, remitted or taken out of the country with valid certificates." This Ordinance contains the following contents:

1. Foreign exchange remitted or brought into China by foreign institutions and personnel in China can be kept, sold or deposited in designated foreign exchange banks on their own, and the principle of voluntariness is implemented; It can also be remitted or taken out of the country with the original customs entry declaration form.

2. All expenses incurred by institutions and personnel in China after entry shall be paid in RMB.

If foreign exchange is converted into RMB for domestic use, the rest can be converted into foreign exchange with my passport and bank exchange memo within 6 months, and can be taken out or remitted abroad.

3. Institutions and personnel in China shall not buy or sell foreign exchange in China without permission.

Judging from the current foreign exchange management regulations in China, there are only two ways to exchange RMB for foreign exchange through legal channels: one is through a bank approved to operate foreign exchange trading business; The second is trading through China Foreign Exchange Trading Center and its system. Buying and selling foreign exchange and RMB without the above two channels, regardless of the price, is an act of buying and selling foreign exchange privately. The act of buying and selling foreign exchange without permission is an illegal act of buying and selling foreign exchange that disturbs the financial order and is prohibited by our laws. According to Article 45 of the Regulations on Foreign Exchange Control in People's Republic of China (PRC), anyone who buys or sells foreign exchange without authorization shall be given a warning by the foreign exchange administration authorities, and his illegal income shall be confiscated, and a fine of more than 30% and less than 3 times the illegal foreign exchange amount shall be imposed.