The cash settlement and sale of more than USD 65,438+0,000 is a large transaction, which needs to be reported to the Anti-Money Laundering Monitoring and Analysis Center of the People's Bank of China. If there are many people, short time, frequent transactions and the transaction amount is close to a large amount, you can report suspicious transactions. It is likely that the settlement and sale of foreign exchange was split by someone else, and the final funds should be collected abroad or before leaving the country. It is risky, because it is the main source of hot money in China at present, but as long as you have a reasonable excuse, it will be fine. There is a lot of profit in it. Now many people are speculating in foreign exchange, but I think you should have no problem with such a small amount, but I don't know about your friend. If his situation is complicated, you'd better not do it again. Recently, the state has been paying close attention to this situation.

Use the internationally convertible foreign currency you currently hold to convert it into RMB or other freely convertible foreign currencies you need at the branches of Bank of China. At present, there are many convertible currencies: British pound, Hong Kong dollar, US dollar, Swiss franc, Singapore dollar, Swedish krona, Norwegian krona, Japanese yen, Danish krona, Canadian dollar, Australian dollar, euro, Philippine peso, Thai baht, Korean won, Macao pataca and new Taiwan dollar. Customers can handle it with their valid identity documents, fill in relevant documents and pay cash. Valid identification documents include: my ID card (China citizen, household registration book (/kloc-China citizen under 0/6), military ID card (China People's Liberation Army), Armed Police ID card (China People's Armed Police), Mainland Pass for Hong Kong and Macao residents (Hong Kong and Macao residents), Mainland Pass for Taiwan Province residents (Taiwan Province residents) and passport (foreign citizens or China citizens with passports). Overseas individuals who have not used up the original RMB exchange can exchange it with their valid identity documents and the original China Bank exchange memo. The validity of the original exchange memo is 24 months from the exchange date. The accumulated exchange on the same day and before departure does not exceed the equivalent of $500 (inclusive).