Dani goes to the Bank with Leo to help him withdraw some money from the ATM using his credit card. When he discovers that there is a daily limit on his withdrawals, Leo decides to go into the bank to change some currency. Dani teaches him how to request to change currency for Chinese Yuan, or RMB, at the foreign exchange desk. Leo learns how to interpret the exchange rate when he hears it in Mandarin Chinese.
Dani also teaches Leo how to say different currencies in Mandarin Chinese. Leo learns the Chinese words for the Chinese currency, the American dollar and the Euro. He also learns how to say other essential words such as credit card and bank in Mandarin Chinese. Leo learns that the word for bank in Chinese literally means 'silver firm', as silver was used as currency in the past in China.
Banking in China is dominated by four large government owned banks. There is also a second tier of small commercial banks and foreign banks have also set up operations in China. As a visitor to China, you will also notice the 'China UnionPay' symbol in shops and at ATMs. This is a Chinese bank card association much like Visa or Mastercard. Visa and Mastercard are widely accepted in shops and ATMs in China too.
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