On the mainland, all currencies other than RMB are foreign currencies. Article 3 of the Regulations of People's Republic of China (PRC) on the Administration of Renminbi: The legal tender of People's Republic of China (PRC) is Renminbi. No unit or individual may refuse to pay all public or private debts in People's Republic of China (PRC) in RMB. Article 8 of the Regulations of People's Republic of China (PRC) on Foreign Exchange Control stipulates that foreign currency circulation is prohibited in People's Republic of China (PRC). Hong Kong dollars and Portuguese coins were not originally issued in China. Although the two places are administratively subordinate but not financially subordinate, they are still self-contained. Taiwan dollar is caused by historical reasons and is self-contained. They can't enjoy the normal remuneration allowed by law. Foreign currency cannot be simply understood as "foreign currency", but "currency other than local currency".
The English name of foreign currency exchange business is foreign currency exchange. Foreign currency usually refers to the currency circulating outside the monetary system. Foreign currency exchange is a counter service for individual customers, including buying foreign currency, selling foreign currency and converting one foreign currency into another. It mainly provides services for individual customers to convert foreign exchange into RMB or other foreign currencies. Other customers are overseas individual customers.
Banks can exchange 17 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, Macau pataca and New Taiwan dollar.
1) Procedures for purchasing foreign currency
(1) If the freely convertible currencies held by Hong Kong, Macao, Taiwan, overseas Chinese and foreigners need to be converted into RMB, they can go to the banking department to exchange them with their valid identity documents;
2) Procedures for selling foreign currency
(1) Hong Kong, Macao, Taiwan, overseas Chinese and foreigners who hold unused RMB in their hands and want to exchange foreign currency may be allowed to exchange foreign currency at one time on the basis of a foreign currency memo valid for 6 months from the date of issuance;
3) Procedures for selling foreign currency
(1) Hong Kong, Macao, Taiwan, overseas Chinese and foreigners can exchange one foreign currency into another;
business object
China natural persons in People's Republic of China (PRC) and China natural persons with China passports who have not obtained permanent residency abroad.
scope of business
1) Purchase of foreign exchange with actual exit behavior: individual residents travel abroad, make pilgrimage, visit relatives and friends, go abroad for medical treatment, study abroad at their own expense, study abroad for other purposes, conduct business trips, receive overseas training, obtain employment, settle abroad, conduct international exchanges, and send labor services abroad.
2) Purchase of foreign exchange without actual exit behavior: payment of membership fees of overseas international organizations, overseas mail orders, and assistance from overseas immediate family members.
13. Information required for domestic residents who travel and study abroad at their own expense to purchase foreign exchange:
1) Travel: Overseas tourists need to hold personal passports and valid visas (group visa holders can hold a copy of the group visa stamped by the travel agency). If you can't provide a pre-exit visa when you go to a country or region where China has visa-free entry, the bank can directly handle it with the personal passport of a domestic resident.
2) Studying abroad at one's own expense (including deposit)
A. Students studying abroad at their own expense purchase tuition fees for the first academic year or the first semester with their personal passports, valid visas, admission notices issued by overseas schools and proof of expenses (if the original admission notice and proof of expenses cannot be provided, fax or online download can be provided).
B. Students who study abroad at their own expense will purchase tuition fees for the second academic year or later, with a copy of their personal passport, a valid visa and proof of expenses for the corresponding academic year or semester; For students who have studied abroad and continue to study in other schools, they can refer to the requirements for purchasing tuition fees for the second academic year or after the end of the semester when purchasing tuition fees for the schools they plan to attend.
C. Students studying abroad at their own expense purchase the living expenses for the first academic year or semester with their private passports, valid visas and admission notices issued by overseas schools; Students who go abroad to buy living expenses at their own expense after the second academic year or semester shall apply with their personal passports, copies of valid visas, student ID cards or tuition certificates of the current year (semester) and other proof of study.
If the ID number is not indicated in the passport of the purchaser of foreign exchange, the ID card or household registration book must still be provided at the same time when purchasing foreign exchange.
D. Under special circumstances, students studying abroad at their own expense can only obtain a valid entry visa after remitting money or paying a visa deposit in a domestic bank, they are allowed to go through the formalities of purchasing foreign exchange with the required certification materials after paying a deposit of 2,000 yuan in the bank.
E. After exchanging tuition and living expenses for each academic year or school year, students studying abroad at their own expense may not apply for exchanging foreign exchange equivalent to US$ 5,000 and US$ 8,000 for more than half a year (including half a year).
F other circumstances of actual exit behavior, holding personal passport, valid visa and other relevant valid documents.
All commercial banks in Chinese mainland do not exchange foreign currency cash, including foreign currency that has stopped circulating, slightly damaged foreign currency and foreign currency of some small currency countries. In Chinese mainland, there are a large number of valuable foreign banknotes with small face value, slight damage and small currency value. Through the secured transaction function of Alipay, the leading independent third-party payment platform in China, these valuable banknotes will be returned to the issuing country through legal channels, thus reducing the people's unnecessary foreign exchange settlement losses.
1. The foreign currencies stopped circulating include:
(1), old US dollars, British pounds, Swiss francs, Norwegian krona, Swedish krona, Danish krona, Canadian dollars, Australian dollars, New Zealand dollars, New Taiwan dollars, Hong Kong dollars, Macao dollars, Japanese yen, Korean won, Singapore dollars, Brunei dollars, Malaysian ringgit and other banknotes that have not expired but withdrawn from circulation;
(2) Banknotes that have stopped circulating in the euro zone, such as Deutsche Mark, Austrian shilling, Belgian franc, Luxemburg franc, French franc, Spanish racing tower, Irish pound, Dutch guilder, Italian lira, Finnish mark, Portuguese escudo, Greek drachma, etc.
Slightly damaged foreign currency exchange includes: US dollars, British pounds, euros, Swiss francs, Norwegian krona, Swedish krona, Danish krona, Canadian dollars, Australian dollars, New Zealand dollars, New Taiwan dollars, Macao dollars, Hong Kong dollars, Korean won, Japanese yen, Singapore dollars, Brunei dollars, Thai baht, Malaysian ringgit and other banknotes.
13. Foreign currency exchange in small currency countries includes: Korean won, Malaysian ringgit, Thai baht, Brunei dollar, Philippine peso, Indonesian rupiah, Vietnamese dong, Tugrik of Outer Mongolia, Indian Rupee, Pakistani rupee, Russian ruble, Polish zloty, Hungarian forint, Egyptian pound, Israeli new shekel, Jordanian dinar, Omani rial, UAE dirham, Saudi Arabian rial.
4. International coin exchange with freely convertible foreign currency includes: British pound, US dollar, Swiss franc, Singapore dollar, Japanese yen, Canadian dollar, Australian dollar, Australian dollar, Euro, Hong Kong dollar, Macao dollar, Macao dollar and Taiwan dollar.