China Watch Blog has learnt that many small businesses in Shanghai are refusing to take 1 and 2-jiao notes from customers because their low value means they are difficult to pass on as change and time -consuming to count.
A Shanghai Daily study found owners in nearly half the local small shops investigated, including convenience stores, fruit stalls and news-stands, especially those run privately, rejected 1 and 2-jiao notes and asked to be paid in coins instead.
Nigel Upstone, from the United Kingdom, told Shanghai Daily he was astonished when a Tesco Express store on Dingxi Road refused to take a 1-jiao note from him.
“I can’t believe that it can be lawful to refuse legal tender,” he said.
Staff in half of six convenience stores in Changning District rejected the jiao notes, according to the investigation. Staff from two other stores said they would take no more than five from each customer, while the cashier in the last store said the notes must be clean and not torn.
A fruit stall, newsstand and cigarette store flatly refused the notes.
The shop owners explained that it would be impossible for them to spend the notes because nobody wants them, especially with the country’s rising prices, and it would take them a long time to count when settling their accounts every day. As well as this, the jiao notes were usually old and dirty, they said.If you think China Watch Blog's information is useful, click on cup of coffee on left hand side and make a small contribution via PayPal