[Image removed because of this China Daily article.]
This is a one jiao note. A jiao (AKA mao) is a tenth of a yuan (AKA RMB). If, for the sake of convenience, we put RMB at 8 to the American dollar, that makes a jiao worth $0.0125. That’s slightly more than a penny. Jiao are necessary for making change (much like pennies), but you can’t really buy much with one jiao unless you’re in the vegetable market.…
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