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China's currency is the Renminbi (RMB), usually called the Yuan. Ten Jiao make up one Yuan. At present, the Yuan is worth about CAD $0.18, with slight daily fluctuations. The Bank of China has exchange desks for foreign currency and travellers cheques with convenient hours at all hotels, airports, Friendship Stores and others shopping areas. Visa, Master Card, American Express, Diner's Club, Federal Card, Million Card, and JCB credit cards are accepted at most hotels and state-run shops in the major cities. Some of the cards like Visa and American Express can be used to get cash advance in the main office of the Bank of China. Travellers are advised to pay in Yuan when shopping in smaller shops, at restaurants, and in smaller hotels. |
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