Individual settlement of foreign exchange and domestic individual purchase of foreign exchange are subject to the annual facilitation quota management, and the facilitation quota is equivalent to $50,000 per person per year. China has officially implemented the reform of personal foreign exchange management, adhered to the principle of authenticity verification, and defined the annual facilitation quota for personal foreign exchange settlement and domestic personal foreign exchange purchase, which is equivalent to 50,000 US dollars per person per year, satisfying and facilitating the use of personal foreign exchange in many ways. Personal foreign exchange business is divided into current account personal foreign exchange business and capital account personal foreign exchange business according to the nature of the transaction. Among them, personal current account foreign exchange business is managed according to the principle of convertibility, and personal real, compliant and reasonable current account foreign exchange needs can be met without obstacles; Personal foreign exchange business under capital account shall be managed according to the convertibility process. From 20 1 1 year, individuals can easily get it through the electronic channels of banks without leaving home.

1. What is foreign exchange settlement and sale?

A: Settlement of foreign exchange means that customers sell foreign exchange to banks in exchange for RMB. Selling foreign exchange means that customers buy foreign exchange from banks with RMB.

2. How to handle the personal foreign exchange settlement and sale business?

A: The annual total amount of individual foreign exchange settlement and domestic individual foreign exchange purchase is equivalent to $50,000 per person per year. 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 is necessary to submit my valid identity certificate and relevant certification materials to the bank.

For example, overseas individuals need to pay rent in China. When handling foreign exchange settlement, if the amount exceeds the annual facilitation quota, they need to provide valid identity documents, house lease contracts, invoices or payment notices registered by the housing management department.

Example: A's children are overseas Chinese and live abroad all the year round. A if you receive family support from your children's foreign exchange, and the foreign exchange settlement exceeds the annual convenient amount, you can provide proof of immediate family members or notarized proof of support relationship, and proof of relevant income of overseas payers (such as bank deposit certificate, personal income tax payment certificate, etc.). ). For another example, B, who works abroad, receives his salary from a foreign boss, and can deal with the part that exceeds the annual facilitation quota when settling foreign exchange, and provide employment contracts, income certificates and other materials. In addition, for the foreign exchange income of current account such as family support and employees' wages, individuals can also choose to settle foreign exchange with relevant materials without occupying the annual convenience quota.

Can I handle it without myself?

A: Yes, within the annual total, you can entrust your immediate family members to handle it on your behalf. If it exceeds the annual total, it shall entrust others to provide relevant certification materials.