- Prices are prices. When you buy something for 2 Yuan, it costs to Yuan. When you buy something in the US for $2, it costs $2.13 or some other random amount that is impossible to calculate in your head and changes for different items and across states.
This has two advantages
- Round number prices, stay at round numbers reducing the need to use tiny change all the time. The fact that the smallest currency is 0.1 Yuan means you don't has as many ridiculous prices like *.99 cents for every little thing.
- You know the price ahead of time, so if you want to pay in coins, you can count them while you wait in line, not while people wait behind you.
- Their smallest coin is worth about twice as much as a US penny. This is even though Chinese currency is worth way less than US. It is equal to 1/10th of a Yuan, sort of like a dime.
- Coins have more buying power here. The truth is that this reason doesn't have as much of an impact as the previous two. Very few things can be bought for just 1 Yuan, but you can buy lots of stuff for 2-3 Yuan which is easily counted up to with 1.0, 0.5 and 0.1 value coins.
In case you aren't interested in my rant. Here are some more photos!