Country Commercial Guide . Currency . China 's official currency is the renminbi (RMB , which is issued by the People 's Bank of China (PBOC . The RMB is denominated in units of fen , jiao and yuan . Ten fen equal 1 jiao , and 10 jiao equal 1 yuan . In general , references to amounts of RMB indicate units of yuan , unless otherwise indicated . In 1994 , the government unified the dual exchange rate and the RMB now trades in a managed float . The daily exchange...











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