1. Limit on the amount of US dollar exchange: Relevant persons of the State Administration of Foreign Exchange: There is no limit or reduction on the amount of convenient foreign exchange purchase equivalent to US$ 50,000 per person per year in China.
Within the limit of $50,000, it can be handled directly through bank counters, online banking, self-service terminals, telephone banking, mobile banking and other channels. If the amount exceeds the equivalent of more than 50,000 yuan, as long as there is a real background, you can also go to the bank counter with the transaction voucher.
2. Individual outlets can change the quota due to the shortage of US dollars: individual banks carry out some management due to the shortage of US dollars in cash. Individuals in urgent need of foreign currency cash can withdraw cash from other banks or individual foreign currency exchange franchises authorized by the foreign exchange bureau.
The foreign currencies convertible for extension materials in China 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, Macau 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.
The foreign exchange quotations of China banking institutions are generally divided into four categories: foreign exchange purchase (that is, cash purchase, the same below), foreign exchange sale, banknote purchase and banknote sale, all of which have different values. The buying price of foreign exchange (paper money) is the price that the bank buys foreign exchange (paper money) from you, and the selling price of foreign exchange (paper money) is the price that the bank sells foreign exchange (paper money) to you.
People's Daily Online-RMB Appreciation Expert: Idle dollars can be exchanged.
China Bank-China Bank Foreign Exchange Quotation