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Thread: changing currency
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[quote=JABAROOTOO ,15578]Hi Got2go,I don't know if you are teaching but presumably you are or at least you have a contract with someone.It should read that you are entitled to convert a percentage of your earnings up to 80% after tax to a currency of your choice. This is usually done at the head office of the Bank of China in the larger cities. You may need to give advance notice or make a few small exchanges if you are in a smaller city as they may not hold large amounts of foreign currency.Have someone help you open a bank account, just need ID, to keep our RMB safe until you need to change it and make it easier to get money while travelling etc. Any of the larger banks are OK and you can use most ATM machines around the country.Good idea to check with the bank what documents they need to see when you make the currency exchange. There is no fee involved but you will be required to show your contract, passport and perhaps a letter of release when your contract expires but I only needed my contract and passport last time.Hope this helps[/quote]
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