Reasons for overseas remittance to relatives to purchase foreign exchange

The reasons for overseas remittance to relatives to purchase foreign exchange may be one of the following.

1. Payment of living expenses: Overseas relatives may need to receive remittances from China regularly or irregularly to pay for their daily living expenses, such as renting a house, utilities and buying food.

2. Pay tuition: Overseas relatives may have to pay tuition and living expenses when studying abroad. At this time, the funds will be transferred from China to overseas by remittance, which is convenient to help relatives pay related expenses.

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