Foreign exchange ceiling for individuals may be raised
By Gao Changxin | China Daily | Updated: 2011-03-16 08:04
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An advertisement for foreign exchange services in Nanjing, Jiangsu province. The State Administration of Foreign Exchange first raised the annual currency exchange quota for individuals in late 2006, when the amount was increased to $50,000 from $20,000. An Xin / China Daily |
SHANGHAI - Chinese regulators denied on Tuesday that the country will significantly raise the annual amount of foreign exchange individuals are allowed to convert into yuan, as was previously reported in the local media.
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