Sarah
Chinese Money
The Chinese currency is called RMB: Renminbi (which translates to "People's currency"). The more common names are yuan and quai (the second one is the English phonetic spelling of a word I have no idea how to spell haha). Those are the names for the equivalent of our dollars. How we have cents, they have “mao”. Ten mao make one yuan. Got it? Now it gets trickier.. They have 1 mao=10cents, 2 mao=20 cents, etc. There is no 5cents or 15 cents or 37 cents or anything. But at some stores they might something that will cost 10 yuan 55 mao. How does that work? No idea. They do a lot of rounding numbers over here, and we don't argue what they tell us the price is haha. The current rate of exchange is 1 dollar for every 6.7 yuan (about).
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