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The legal currency used in China is called Renminbi (RMB or CNY), which is issued and controlled solely by the People's Bank of China. RMB exchange rates are decided by the People's Bank of China and issued by the State Administration of Foreign Exchange, the latter exercising the functions and powers of exchange control.
The monetary unit of RMB: Yuan (also called “Kuai”), Jiao (some times called "Mao " ) and Fen. 1 Yuan(Kuai) = 10 Jiao (Mao); 1 Jiao = 10 Fen.
Exchange Rate
Current Exchange Rate with U.S. Dollar: 100 USD = ABOUT 750 Yuan RMB (Oct. 2007 rate)
Current Exchange Rate with Euro: 100 EUR = ABOUT 1094 Yuan RMB (Oct. 2007 rate)
Current Exchange Rate with Swiss Franc: 100 CHF = ABOUT 661 Yuan RMB (Oct. 2007 rate)
Current Exchange Rate with British Pound 100 GBP = ABOUT 1570 Yuan RMB (Oct. 2007 rate)
Current Exchange Rate with Canadian Dollar 100 CAD = ABOUT 799 Yuan RMB (Oct. 2007 rate)
Current Exchange Rate with Australian Dollar 100 AUD = ABOUT 692 Yuan RMB (Oct. 2007 rate)
Current Exchange Rate with New Zealand Dollar 100 NZD = ABOUT 579 Yuan RMB (Oct. 2007 rate)
Current Exchange Rate with Hong Kong Dollar: 100 HKD = ABOUT 95 Yuan RMB (Oct. 2007 rate)
