Chinese Currency

Chinese Currency

Due to the policy of "One Country, Two Systems", China now implements two systems in monetary system in Hong Kong and Macau special administrative regions. RMB (short for Renminbi) is the legal tender in mainland China and People’s Bank of China is the competent authority in charge of designing, print and issue currency in mainland China. HK$ (short for Hong Kong Dollar) is the legal tender in Hong Kong and MOP (short for Macau Pataca) is the legal tender in Macau. Nowadays, RMB are used more and more in Hong Kong and Macau.

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