Designated banks (Bank of China and Industrial and Commercial Bank of China) can exchange US dollars into various foreign currencies (including Euro) for foreign exchange transactions.

For example, changing dollars into RMB. According to the current foreign exchange management regulations, the personal reasons of domestic residents cannot exceed 65,438+00,000 USD in one day. Foreign citizens and compatriots from Hong Kong, Macao and Taiwan can't exceed US$ 65,438+US$ 00,000 in one day and US$ 50,000 in one month (unless approved by the State Administration of Foreign Exchange); Cash should not exceed $5,000 a day.

Generally speaking, domestic residents cannot directly convert RMB into foreign currency. If they want to leave the country, they can use their endorsement passports or Hong Kong and Macao passes to buy foreign exchange at the local China bank. The maximum amount is $5,000, and the maximum amount for studying abroad is $5,000.