Cash usage and currency exchange

What is the current exchange rate for converting Russian Rubles to Chinese Yuan via T-Bank? The rate mentioned is approximately 12.44, which is considered not the most favorable compared to other methods like using a virtual Singaporean Visa card (around 12.3).

In Shanghai, payment options include Chinese Yuan (cash), RosSelkhoz UnionPay cards, and the Nihao app linked to RSK Bank cards. The Maglev train from Pudong Airport to Longyang Road costs 50 Yuan (discounted to 40 Yuan with a flight boarding pass). Metro rides are around 4 Yuan. Street food prices are reasonable, with items like skewered octopus costing 35 Yuan and mangoes 25 Yuan. Souvenirs range from 39 Yuan for small items like a waving cat or hair clip.

As of February 1, 2026, the People's Bank of China strictly enforces cash acceptance for face-to-face transactions in retail, dining, and tourist facilities. Businesses cannot refuse cash or use lack of change as a valid reason for refusal, except in designated automated self-service kiosks.

To exchange currency in Shanghai, banks are the designated places. However, the process can be cumbersome, making it advisable to carry Yuan from your home country.

Exchanging currency in China: While exchanging dollars for yuan in Moscow might offer convenience, rates are often better in China. Airport exchange counters usually offer poorer rates than banks in the city. It's advisable to exchange a small amount at the airport for immediate needs and then find a bank for a better rate. Regarding 'old' dollars, exchange houses and banks in China generally accept US dollars, but very old or damaged notes might be rejected. Check with banks or exchange services about their acceptance policy for older bills. For Duty-Free shops, they typically accept major currencies like USD, but exchange rates may not be favorable. Carrying yuan obtained at a better rate is generally recommended.

Exchanging Russian Rubles for Chinese Yuan in China can be inconvenient, often requiring visits to specific banks and potentially long waiting times. The exchange rate may not be as favorable as in Russia. It is recommended to exchange currency in Russia at banks like 'Primorye' which usually have Yuan available and offer good rates.

When transiting through Shanghai, cash (RMB) is essential, as local businesses and transport often do not accept international credit cards and digital payment apps may not be set up. Carry physical cash for small expenses like food and ferries.

Where can Russian Rubles be exchanged for Chinese Yuan in Yanjilin Yanjin? Suggestions include approaching Chinese individuals who meet tourists, potentially in areas frequented by them.

P2P currency exchange conducted via private messages in Telegram groups is highly associated with fraud. Users are advised to use only verified service providers listed in the channel's 'pinned' section (zakrep). Do not send funds to unverified individuals, as recovering money after a transfer is nearly impossible.

The 'service charge' on cruises like Adora from China to Korea, often stated per person per day, typically covers daily onboard expenses and gratuities. It is usually mandatory and added to your onboard account, which you will settle before disembarking. The amount of $180 SGD per day seems unusually high; verify the exact charges and what they include with the cruise line or your booking agent. Payment can generally be made via credit card or cash, but confirm currency preferences.

Exchanging Korean Won (KRW) for Chinese Yuan (CNY) in Shanghai can be challenging. It's generally more favorable to have Chinese Yuan before arriving or to exchange currency at the airport upon arrival, although the rates at airports may not be the most competitive. Be aware that currency exchange in China, especially outside of major hubs, can be more complicated than in other countries.