How to Exchange RMB in China?
A foreigner can bring cash and change it at the Bank of China for RMB. Foreign money can be exchanged in China through traveler’s cheques, currency conversion at banks and hotels. Credit cards can also be used. What follows is a more detailed explanation. Enjoy your trip! 1. Traveler’s Cheques Traveler’s cheques provide a fairly secure way of carrying money. The Bank of China can cash travelers’ cheques sold by international commercial banks and travelers’ cheque companies in the United States, Canada, Australia, Hong Kong, Japan, Britain, France, Switzerland, Germany and other countries and regions. Also the Bank of China sells travelers’ cheques for such banks as American Express, Citibank, Tongjilong Travelers’ Cheque Co., the Sumitomo Bank of Japan, the Swiss Banking Corporation and others. 2. Currency Conversion Money exchange facilities for both currency and travelers’ cheques are available at major airports, hotels, and department stores. Please note that hotels may only exchang
Related Questions
- Is there any restriction for commercial customers to conduct RMB exchange for cross-border trade settlement transactions? Is it necessary to submit any supporting documents in the regard?
- Can commercial customers conduct RMB exchange for cross-border trade settlement, when their trade counterpart is not on the Mainland China?
- What is China Clean Energy’s ticker symbol and exchange market?
