Chinese Currency
Chinese currency is issued by the People's Bank of China. The standard unit of Chinese currency is the Renminbi (RMB), also known as the yuan. The subsidiary units are the jiao and the fen. One yuan equals ten jiao, which in turn equals ten fen. Yuan, jiao and fen are issued both in bills and in coins. Chinese currency is issued in the following denominations: one, two, five, ten, 20, 50 and 100 yuan; one, two and five jiao; and one, two and five fen.
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