Currency of China: what tourists need to know

Each country has its own currency. In Russia - the ruble, in the US - the dollar, and in Ukraine - the harsh. And what is the currency in China? The national currency of this country is the yuan.

Tourists can use international credit cards to pay for various goods or services, although you need to have cash to travel around the country. To receive them, you can cash a credit card using the services of the Bank of China. It is worth saying that you do not need to withdraw money from ATMs, because there is a big risk of getting counterfeit bills. Exchange currency when staying in China is best in the offices of the National Bank, as well as in hotels and airports of international class. One should also know that it is forbidden to use street changers, since this contradicts the law "On monetary relations". Otherwise, you may be brought to administrative or criminal liability.

It should also be noted that any currency can be imported into China without any restrictions, but the export of national currency units is clearly restricted - it is allowed to take with you no more than 5,000 yuan.

The currency of China is considered to be the most stable not only in East Asia, but all over the world. After its devaluation in the early 90s, the exchange rate is 8 yuan per dollar. It is worth noting that the currency of China is issued not only in the form of paper denominations of different denominations, but also coins - jiao and fin.

An important administrative area of the country is Hong Kong. It is characterized by high autonomy, so in the monetary turnover there is another currency of China-the Hong Kong dollar in paper bills (GCD is its international designation), as well as cents that are issued in the form of coins. The rate of this monetary unit is linked to the US dollar. This money is issued by the Hong Kong government and three local banks. Import is allowed an unlimited amount of currency, and crossing the border of Hong Kong in any direction with the GCD is prohibited.

Exchange the available money for the Hong Kong dollar is not a problem. You can do it in banks, exchange offices, airports, large supermarkets and in many hotels. Traveler's checks are also accepted . The currency of China in the form of Hong Kong dollars becomes available to any tourist who has an international credit card. It is enough to use ATMs that work around the clock and give out cash without paying commissions. It is worth noting that the currency in China is exchanged most profitably with banks, and the highest percentage is paid at airports.

If during your stay in this country you do not spend all the RMB, you can change them to the desired monetary units. In this case, you should present a check of the previous purchase of the Chinese currency, so these documents after the execution of all cash transactions can not be discarded. It must also be remembered that old and damaged bills can be exchanged reluctantly or not accepted at all. In addition, you must have your identity documents with you.