Home
Letters to Editor
Domestic
World
Business & Trade
Culture & Science
Travel
Society
Government
Opinions
Policy Making in Depth
People
Investment
Life
Books/Reviews
News of This Week
Learning Chinese
Overseas Travelers to Exchange Foreign Currency in Banks

Starting from next month, overseas travelers in Shanghai can exchange foreign currency directly at banks without paying commission, according to the State Administration of Foreign Exchange.

Travel agencies previously helped tourists exchange foreign currency but from next month, tourists can handle the business directly at banks with the certificates issued by certain travel agencies, visa copies,personal passports and identity cards.

Three banks are authorized by the State Administration of Foreign Exchange to deal with Forex business, the Citic Industrial Bank, the Bank of China and the Industrial and Commercial Bank of China.

The authorized banks will not charge commission for foreign exchange business and exchange rates will based on daily quoted prices.

(eastday.com June 24, 2002)

China Enacts New Measures on Currency Control
Bank in Beijing Gets OK to Provide Foreign Currency Accounts
Inter-bank Forex Trade Grows by One Quarter
Another First: Citibank Wins Foreign Exchange Approval
Foreign-currency Loan Service Launched for Students
Copyright China Internet Information Center. All Rights Reserved
E-mail: webmaster@china.org.cn Tel: 86-10-68996214/15/16