The official currency used in Chengdu, as well as throughout mainland China, is the Renminbi (RMB), with the primary unit being the yuan (CNY). While "Renminbi" is the official name of the currency, "yuan" is the unit used for pricing and transactions, often symbolized by ¥ or the Chinese character 元. In everyday spoken language, locals in Chengdu frequently refer to the yuan colloquially as "kuai." One yuan is further divided into 10 jiao (often called "mao" in casual conversation) and 100 fen, although fen are increasingly rare in modern circulation. Travelers will find banknotes in denominations ranging from 1 to 100 yuan, and while cash is still accepted, the city is highly digitized, with most businesses and vendors preferring mobile payments via platforms like WeChat Pay and Alipay.