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Yuan are Renminbi

12/17/2010

The value of a Yuan at present is approx. SEK 1.10. This can be compared with a rate of SEK 0.96 three and a half years ago. The currency is also called the Renminbi, “the People’s money” loosely translated, and can be found in denominations of 1, 2, 5, 10, 20, 50 and 100. One Yuan is made up of ten Jiao.

Despite that counterfeiting can be punishable by death, it is still very common. There are mainly counterfeits of the 100 denomination but many 50’s and 20’s have also been seized by the police.

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