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. It is illegal to exchange foreign currency in places other than designated foreign exchange banks and legal foreign exchange exchange points.

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.

Therefore, we should be especially wary of some lawless elements selling some old foreign currencies that cannot be used in the market. For example, Peru, Chile and other Latin American countries in the 1950s and 1960s should never buy old coins to avoid being cheated.

Extended data:

You need one of the following documents to exchange foreign currency:

1, my ID card (China citizen); Household registration book (China citizen under sixteen); Military identity document (China People's Liberation Army); Armed Police Identity Document (China People's Armed Police); Pass for Hong Kong and Macao residents to and from the Mainland (Hong Kong and Macao residents).

2. mainland travel permit for taiwan residents (resident of Taiwan Province Province); Passport (passport-holding foreign citizens or China citizens) documents stipulated by relevant laws and administrative regulations. With one of the above certificates, you can exchange them at any domestic bank outlet with foreign currency exchange qualification.

Baidu encyclopedia-foreign exchange