Duty-free goods to be tagged in RMB
(Xinhua)
Updated: 2006-04-22 11:05 The State Administration of Foreign Exchange of
China on Friday announced that duty-free commodities sold in the country can now
be marked with the Renminbi (RMB) price besides the foreign currency.
Previously, only foreign currency was accepted for all duty-free commodities
sold in China.
According to the new policy from the State Administration of Foreign
Exchange, duty-free shops are allowed to open foreign exchange current accounts
in accordance with relevant policy, and to directly put the foreign exchange
money they get from selling duty-free commodities in such accounts.
(For more biz stories, please visit Industry Updates) |