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Money: The currency used in China is the Renminbi Yuan (CNY). The Yuan is divided into 10 chiao/jiao or 100 fen. Make sure you exchange your leftover Yuan before returning home because this currency can be exchanged only within China's borders. Travellers cheques, preferably in US Dollars, and foreign cash can be exchanged in cities at the Bank of China. Banks are closed weekends. The larger hotels and the special 'Friendship Stores' designed for foreigners will accept most western currencies for purchases. Major credit cards are accepted in the main cities at various establishments, but outside the major cities acceptance is limited. ATMs are scarce outside the main cities. Currency Exchange Rates updated last November 20, 2008 | CNY 1.00 = | US$ 0.15
| £ 0.09 | C$ 0.18 | A$ 0.22 | R 1.22 | € 0.11 | NZ$ 0.24 |
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