Last week, I went to the c-store downstairs to get something (I can’t remember what), and when the cashier gave me change, I got one of these bills. I couldn’t believe it. I immediately asked for another (I’m going to send them home for Joey & Richie to add to their collection). I took a photo with the pen to give an idea of the size. They’re slightly larger than a business card.
What you’re looking at is an yi jiao bill. “Yi” means “one”. One jiao is 1/10 of a Yuan (essentially, a Chinese dime). They have a “dime” bill!
But wait… It gets better. The exchange rate between the yuan and the dollar is (currently) about 6.2:1. That means each yuan is worth about $1.50. That makes the jiao worth about 1.5¢
It’s a paper penny!