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Thread: Bank of China demand drafts - buy overseas, cash in China?
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[quote=BOYFROMOZ,375787]I plan to return to China for a holiday and have a Bank of China account previously opened in Beijing, to which I want to send RMB. But it's not currently allowed to remit (汇款) RMB from overseas to an account held by a non-Chinese citizen (that is, me). And remitting foreign currency is no good, since that can only be changed to RMB in the same province you opened the account, and I'm not visiting Beijing this time but going to Lijiang. Would a demand draft (票汇) in RMB, drawn in Australia and payable to my Beijing account, be honoured by Bank of China in Yunnan? An alternative is to open an account in Yunnan and get family back home to remit me $A, which I could then change at the counter. Would I be able to change $A in Lijiang, or have to go to Kunming? Would I be able to open the account in Lijiang in the first place (as a foreigner)? I've tried calling BOC Yunnan, but can't get an operator. if anyone can suggest a better way of funding my holiday, please shoot. Travellers' cheques and ATM withdrawals on an Australian account are both pricey. And I'd rather not bring wads of cash...[/quote]
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