Various commercial banks approved by the state to engage in foreign exchange business, such as China Bank, China Industrial and Commercial Bank, China Agricultural Bank and China Construction Bank.

Domestic convertible foreign currencies mainly include: British pound, Hong Kong dollar, US dollar, Swiss franc, Singapore dollar, Swedish krona, Danish krona, Norwegian krona, Japanese yen, Canadian dollar, Australian dollar, euro, Macao dollar, Philippine peso, Thai baht, New Zealand dollar and Korean won. Other foreign currencies are not convertible in our country.

Individuals who purchase foreign exchange with the equivalent of less than $50,000 within one year can go directly to the bank with their valid identity documents. If it exceeds the limit, in addition to the valid personal identity documents, it is necessary to go to the designated foreign exchange bank to handle the relevant certification materials that need to be paid.

All commercial banks in Chinese mainland do not exchange foreign currency cash, including foreign currency that has stopped circulating, slightly damaged foreign currency and foreign currency of some small currency countries. In Chinese mainland, there are a large number of valuable foreign banknotes with small face value, slight damage and small currency value. German mark, Austrian schilling, Belgian franc, Luxemburg franc, French franc, Spanish racing tower, Irish pound, Dutch guilder, Italian lira, Finnish mark, Portuguese escudo, Greek drachma, etc.