Where can Japanese yen coins be converted into RMB or consumed in China?

Yen coins can be converted into RMB in banks with foreign exchange in China. In China, only RMB is allowed to circulate, and foreign currency is not allowed to be directly used for consumption.

According to Article 2 of the Detailed Rules for the Implementation of the Measures for the Administration of Individual Foreign Exchange, the annual total amount management is implemented for individual foreign exchange settlement and domestic individual foreign exchange purchase. The annual total is equivalent to 50,000 dollars per person per year. The State Administration of Foreign Exchange may adjust the annual total according to the balance of payments. The settlement and purchase of foreign exchange within the individual's annual total amount shall be handled at the bank with his valid identity certificate; If it exceeds the annual total, it shall be handled in accordance with Articles 10, 11 and 12 of these Rules under the current account, and in accordance with the relevant provisions of "Personal Foreign Exchange Management in Capital Account" of these Rules under the capital account.

Extended data:

Article 7 Financial institutions engaged in foreign exchange business shall open foreign exchange accounts for customers in accordance with the provisions of the foreign exchange administration department of the State Council, and handle foreign exchange business through the foreign exchange accounts. Financial institutions engaged in foreign exchange business shall submit the foreign exchange receipts and payments and account changes of customers to the foreign exchange management agencies according to law.

Article 8 The circulation of foreign currency is prohibited in People's Republic of China (PRC). Unless otherwise stipulated by the state, foreign currency shall not be used for pricing and settlement.

Article 9 The foreign exchange income of domestic institutions and individuals may be repatriated or deposited abroad; The conditions and time limit for repatriation or deposit abroad shall be stipulated by the foreign exchange administration department of the State Council according to the balance of payments and the needs of foreign exchange administration.

Baidu Encyclopedia-Detailed Rules for the Implementation of Measures for the Administration of Personal Foreign Exchange

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