How do you exchange surplus RMB to foreign currencies? (outbound exchange)

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inbeijing
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How do you exchange surplus RMB to foreign currencies? (outbound exchange)

Postby inbeijing » Fri Jul 11, 2014 4:16 pm

Life - How do you exchange surplus RMB to foreign currencies? (outbound exchange)

When any surplus RMB needs to be exchanged back to foreign currencies, you can do so at the currency exchange banking outlets and currency exchange institutions upon providing a valid identification document. The total amount converted by an individual per day shall not exceed an amount equivalent to USD1000 at locations within a Customs area and USD 500 at other places outside of a Customs area. If you wish to convert currency in excess of the above-mentioned amount, you should provide the exchange memo which you received when converting foreign currencies into RMB, and only conduct these transactions in the banking outlets.

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