Photo of the Day: Funny Money

20061130moneykuaiyuan.jpg
Yes, it's real. Yes, his RMB 50 is now worth USD 6.37. The yuan has appreciated 5.31% since July of last year. So if you're an expat earning in USD, you just got a slight salary deduction this year. And the outlook doesn't look any better for next year, either.

Photo from Shanghai Sky.

Shanghaiist features a "Photo of the Day", daily pictures of life around the city. We want you to share how you see Shanghai. Simply post your photos on Flickr, tag them with "shanghaiist", and we'll select one favorite image per day. Or you can simply email your photos to photos at shanghaiist.com. So go ahead. Show us your Shanghai.

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Comments (4) [rss]

Stick to journalism since your math sucks - how do you figure that the RMB that equivalent to $6.37? Around $7.83 is probably more realistic.

Regardless of math, That dude has one IMPRESSIVE hair coming out of the left side of his face.

Mike, learn to read. The post clearly says the RMB 50 note in the man's hand is worth $6.37. Not that the RMB is equal to $6.37. The RMB is nowhere near the value of 6.83 to the US$ necessary to make your statement correct. You have it backwards. The RMB is roughly US$0.013. YOUR math sucks. And you probably have body odor.

I agree on both accounts. You scared me there at 6.37 USD. I had to check on google, and it confirmed a safe 7.8. I was thinking the 65 kuai drinks at Park 97 are now 10 bucks instead of a safe 8 and a half.

Thank God for 4 kuai beers at Lawson's for the cab ride.

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