Money

Currency

The Chinese currency is the Renminbi (RMB), also known as the Yuan or Kuai.
A Kuai is divided into 10 jiao or mao. The fen, a subdivision of Mao is no longer used today.
The largest note in circulation is the 100 RMB note.

Exchange Rates

As a guideline, the Euro to Yuan exchange rate € / ¥ ranges from € 1 = ¥7.50 (recently) to ¥ 8
For the latest currency conversion rates you just have to make one click!
Euros and Dollars are now accepted in most Chinese banks which are open 7 days a week. However please note that it is very difficult to change Euros on weekends.
In Kunming, this is only possible at the Bank of China at 515, Beijing Lu (中国 银行, 515 北京 路).
U.S. dollars are accepted 7 days a week.

To check exchange rates, click here !

Withdrawals

The number of ATMs are increasing in China.
In Yunnan, withdrawals using a bank cards are possible in Kunming, Dali, Lijiang, Jinghong and Jianshui.
All the addresses of ATMs are available on the Mastercard website.
Alternatively withdrawal is possible at the counter in most banks by presenting a credit card and your passport.

Payment

Payment by card is still rare in the South-Western China except in shops and luxury hotels.