The Chinese peoples’ national currency or Renminbi (RMB) consists of fen, jiao and yuan. There are ten fen in a jiao, and ten jiao in a yuan. The basic currency unit is the yuan, known colloquially as a kuai. The yuan is denominated in notes of 1, 5, 10, 20, 50 and 100. Ten yuan or kuai is worth about US$1.40 or £1.
Hong Kong and Macau have their own local currencies, respectively the Hong Kong Dollar and Pataca. At present, these are roughly equivalent and loosely pegged to the US Dollar. Ten yuan is worth about $11 HKD.