1. Is it illegal to exchange dollars privately?
1, buying and selling foreign exchange without permission, buying and selling foreign exchange in disguised form, buying and selling foreign exchange in reverse, or illegally introducing and buying and selling foreign exchange in a large amount, the foreign exchange administration authorities will give a warning, confiscate the illegal income and impose a fine, so it is illegal to exchange foreign currency without permission.
2. Legal provisions: Regulations of People's Republic of China (PRC) Municipality on Foreign Exchange Control.
Article 45 Anyone who buys or sells foreign exchange privately, in disguised form, while buying or selling foreign exchange in reverse, or illegally introduces the purchase or sale of foreign exchange in a large amount shall be given a warning, his illegal income shall be confiscated, and a fine of less than 30% of the illegal amount shall be imposed; If the circumstances are serious, a fine of not less than 30% of the illegal amount but not more than the equivalent value shall be imposed; If a crime is constituted, criminal responsibility shall be investigated according to law.
Second, how to identify the crime of smuggling counterfeit money
(A) the object of the crime of smuggling counterfeit money
This kind of crime not only violates the country's monetary management system, but also undermines the country's foreign trade management. The object of this crime includes both counterfeit RMB and counterfeit foreign currency.
(2) the behavior of this crime
The behavior of this crime is to violate the national monetary management regulations and customs rules, evade customs supervision, and illegally carry, transport and mail counterfeit money into and out of the country (territory).
(3) the subjective attitude of the actor
Any natural person with criminal responsibility ability may constitute this crime, and the unit may also constitute this crime. Subjectively, the actor must be intentional and direct intentional, that is, the actor knows that it is counterfeit money, but he is still determined to avoid customs supervision and transport, carry and mail it into the country (territory). Negligence cannot constitute this crime.
It does not constitute this crime if the actor transports, carries or mails forged currency into or out of the country without knowing it or being completely deceived. Of course, this does not exclude other crimes, such as smuggling ordinary goods and articles. Whether the actor has a profit-making purpose has no influence on the constitution of this crime.
The above knowledge is my answer to relevant legal questions. Anyone who buys or sells foreign exchange without permission, in disguised form, buying or selling foreign exchange, or illegally introducing or selling foreign exchange in large quantities shall be given a warning, his illegal income shall be confiscated and he shall be fined. Therefore, it is illegal to exchange foreign currency without permission.