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Thread: Change money before or when i'm there?

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[quote=YINDUFFY,244964]My advice is to take some Yuan currency with you but make the bulk of your conversions in China. Quite a few banks will do it but they may ask to see your passport so bring it along.  When you get the bills, take a close look at them and do not accept any bills that are worn, torn, have writing or stickers on them. Chinese merchants (even in big stores and fancy restaurants) will closely examine the bills and even look for the watermarks. They may refuse a bill or two if they have suspicions. Don't be offended. It is a common practice and not limited to foreigners or tourists. 
Coins are hardly ever used but the smaller denominations in paper are. The bills are all different sizes and no one uses a wallet. They just pull out a wad of mixed bills and peel off the ones they need. In practice,100 Yuan notes are very popular, just as our $20 bills are. Larger denominations should be avoided. Just as using a $50.00 bill in McDonald's will raise eyebrows.
Keep your "pocket money" separate from your reserves so you don't show too much money when you buy stuff.
I have found that keeping a few $1.00 bills for gifts is handy. Most Chinese have never seen U.S. currency but they sure have heard about it!
Good Luck![/quote]

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