The term 'Chinese Dollar' refers to two different currencies, the Kwai and the Yuan. The Kwai is the currency of Macau, a former Portuguese colony located in the South China Sea. It is divided into 100 avos and is issued by the Monetary Authority of Macau. The Yuan is the official currency of the People's Republic of China and is divided into 10 jiao and 100 fen. It is issued by the People's Bank of China.