A jiao (/dʒaʊ/ JOW; Chinese: 角, or in Wade–Giles, chiao), or mao (Chinese: 毛) (Cantonese: hou [Chinese: 毫]), is a unit of currency used in China, including the Mainland, Taiwan, Hong Kong, and Macao. One jiao is equal to 1⁄10 of a yuan or 10 fēn (分).
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👉 Jiao (currency) in the context of Fen (currency)
A fen (Chinese: 分; pinyin: fēn) (Cantonese: sin [Chinese: 仙]), is a unit of currency used in Greater China, including the People's Republic of China, the Republic of China (Taiwan), Hong Kong (called a cent in English) and Macao (called an avo in Portuguese). One fen is equal to 1⁄100 of a yuan or 1⁄10 of a Chinese jiao.
- Renminbi were issued in coin denominations of 1, 2, and 5 fen and also banknote denominations of 1, 2, and 5 fen. The fen banknotes have stopped circulation since 1 April 2007, while the fen coins are still legal tenders by de jure, but generally limited to interests settlement by banks or exchange of foreign remittances, and rarely used in normal shopping purpose, as shops usually rounded it to jiao (e.g. ¥4.55 is rounded to ¥4.60).
- The character 分 is also used to translate "cent" in other currencies. A euro cent is called 欧分; 歐分; Ōufēn in Chinese.
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Jiao (currency) in the context of Chinese yuan
The renminbi (Chinese: 人民币; pinyin: Rénmínbì; lit. 'People's Currency' Chinese pronunciation: [ʐən˧˥min˧˥pi˥˩]; symbol: ¥; ISO code: CNY; abbreviation: RMB) is the official currency of China. The renminbi is issued by the People's Bank of China, the monetary authority of China. It is the world's fifth-most-traded currency as of April 2022. The Chinese yuan (元) is the basic unit of the renminbi.
One yuan is divided into 10 jiao (角), and the jiao is further subdivided into 10 fen (分). The word yuan is widely used to refer to the Chinese currency generally, especially in international contexts.
Jiao (currency) in the context of New Taiwan dollar
The New Taiwan dollar (code: TWD; symbol: NT$ or $, also abbreviated as NT or NTD), or the Taiwan dollar, is the official currency of the Republic of China (Taiwan). Usually, the $ sign precedes the amount, but NT$ is used to distinguish from other currencies named dollar. The New Taiwan dollar has been the currency of the island of Taiwan since 1949, when it replaced the old Taiwan dollar, at a rate of 40,000 old dollars per one new dollar. The base unit of the New Taiwan dollar is called a yuan (圓), subdivided into ten jiao (角) or 100 fen (分), although in practice neither jiao nor fen are used.
There are a variety of alternative names for the units in Taiwan. The unit of the dollar is typically informally written with the simpler equivalent character as 元, except when writing it for legal transactions such as at the bank, when it has to be written as the homophonous 圓. Colloquially, the currency unit is called both 元 (yuán, literally "round") and 塊 (kuài, literally "piece") in Mandarin, 箍 (kho͘, literally "hoop") in Hokkien, and 銀 (ngiùn, literally "silver") in Hakka.