The official currency used in Chengdu, as well as throughout mainland China, is the Renminbi, which is commonly abbreviated as RMB and literally translates to "people's currency." While Renminbi is the official name of the currency, the primary unit is the yuan, represented by the symbol ¥ and the international currency code CNY. In everyday conversation, you will often hear locals use the colloquial term "kuai" to refer to yuan. For smaller denominations, one yuan is divided into ten jiao (locally called "mao"), and each jiao is further divided into ten fen, although fen are increasingly rare in modern transactions. When visiting Chengdu, you will find that banknotes are issued in denominations of 1, 5, 10, 20, 50, and 100 yuan, while coins are most commonly found in 1 yuan and 5 jiao values. While major hotels and high-end establishments may accept international credit cards, Chengdu is a city where mobile payment platforms like Alipay and WeChat Pay are the dominant forms of transaction, though carrying a stash of cash in yuan remains essential for smaller vendors and local markets.