How to distinguish the REAL and the FAKE RMB (Renminbi)

How to distinguish the REAL and the FAKE RMB (Renminbi) MONEY Notes

VERY IMPORTANT!!! PROTECT YOURSELF
We all face the same problem of how to distinguish other countries’ currency especially the fake money.
As a frequent traveler and tourist, we are always the victim or the target that local people will cheat us by giving the Fake Money Notes. It is because we will only traveling China for a very short time. Many things we do not how to handle without the help of the right local people. We are not used to the local fraud tactics and the customs. When foreigners need help, there are always problems of translation and interpretation. Therefore we have to have the wisdom to protect ourselves from rip off especially in money matters. For preventing your lost, you also have to check the money that you get from the ATM machine.

According to year 2006 information, the ratio of real and fake money is 100:1

When you spend money in China you can see the local Chinese people doing these four simple steps to distinguish your money notes especially the Hundred Dollars Notes (YUAN). The same STEPS that you can use: “See”, “Touch”, “Hear” and “Testing” (一看、二摸、三聽、四測)

Step 1: “See” (看)
Hold the money Note toward the light and you can see the clear watermark and magnetic micro security thread. You can see a fine printing.

Step 2: “Touch” (摸)
Use your fingers to touch the concave lines for hand feel.

Step 3: “Hear” (聽)
Use your finger to flick the money note to hear the money paper in a solid sharp and clear sound.

Step 4: “Testing” (測)
Use the fluorescence lamp to examine the money note with reflected dollars amount. Or simply use your finger nail tip to scratch the money note to see whether the color come out or not. If not the money is real.

Please also refer to the RMB money note features.

PRC Money

The one cent note is very seldom used these day.

The ten dollars has a broken corner. You can take this broken corner money to bank and exchange for a new ten dollars note.

Please note that if your country money notes with broken corner, the Hotel will not exchange for you. You can only go to the bank to exchange your country notes to PRC currency.

Planning your Trips to China 4

9. Money: This is the most important part for traveling China. The currency that China using is RMB (Ren Min Bi in Mandarin). The dollar is name “Yuan”. One “Yuan” has ten “Jiao” (one Jiao is equal to ten cents). These have notes or coins. The biggest money note in China is RMB100; then 50; 20; 10; 5 and 1 dollar notes. (the “Fen” notes are seldom accepted nowadays – one Jiao is equal to 10 Fen) There are 1; 10; 20; 50 cents coins. If you are going to pay for your bill of any kinds, you might hold all your coins in your hand, then people will pick the right amount for you.
You can even use USD in the Airport Shops or some Foreign Trading Shops. To my experience it is better to exchange your local currency in your hotel which you are staying. The exchange rate is standardized by the China Bank. Never exchange your currency in your local and other transit Airports. However, you might need some small amount of RMB for your traffic fee to get to your hotel.. Please note that there might be a limit amount of the RMB that you can exchange.
If you have a large sum of money that you want to exchange, then you have to go to the only Two Banks for the exchange (The China Bank and the China Commercial Bank). Others than these two banks will not exchange your currency.

Most Important Rules that save you from all the trouble in China is that “Don’t Greedy” in terms of money and women!
Outside your hotel or on the street or near the Banks area, there will be many people approach to you and saying that they will offer you a much better and higher rate for your currency exchange. There is a high risk that they will give you fake money which you certainly don’t know how to recognize. It is also forbidden to exchange your currency privately instead of from the banks or hotels.

Onr thing you have to bear in your mind is that your local money that you are going to exchange in the hotel must be in perfect condition without broken corner note. Or else, the hotel can refuse to exchange your money.