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Thread: Help...Money change in China
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[quote=MUDDIEDKNEES,281529]Even better, go to a Bank of China branch and talk to one of the friednly neighborhood 'black market' changers. You will recognize them because they say "huan qian?" (change money?) to every foreign-looking individual who walks by or enters the bank. Although I haven't heard of any untoward incidents, it may be generally safer to talk to they guys that are physically inside the bank. They will actually withdraw money directly from the ATM machine or teller, so you won't need to worry about getting fake bills. They will also give you a slightly better rate than what the bank offers. How they make money still eludes me. If you are wary about this, change through the bank. However, this route can take a lot longer--you may have to wait in line, struggle with a non-English speaking teller, and sign all kinds of forms. And, yeah, you will need your passport when transacting with the bank. Don't change your money before going to China. Exchange rates here are regulated and are very fair.[/quote]
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