Why is currency exchange required?

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Why is currency exchange required?

Postby inbeijing » Fri Jul 11, 2014 4:18 pm

Life - Why is currency exchange required?

RMB is the exclusive single legal currency for use in China. In the People's Republic of China, the use of foreign currencies is prohibited for the procurement of goods and services and commodity trading can not be denominated in foreign currencies. Also, RMB is not yet a freely convertible currency, and cannot be used for trading activities in other countries and regions.

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