Buy foreign currencies with Currency UK

Chinese Yuan

Code ISO : CNY

Local currency of Popular China. Restriction on the importation as with the export of 6.000 Yuans (approximately 650 EURO).For information there are also notes of 1, 2 and 5 Yuans.With the economic opening of China you can buy yuans out of China. The foreigners must, with the entry in China, declare with the customs the foreign currencies which they carry when those are equivalent or higher than 5000 USD (approximately 4220 EURO).
At the exit of China, the foreigners must conform to the following provisions:

-If they are holders of less than 5000 USD (approximately 4220 EURO) and that they did not make a statement at the entry, they are exempted of any formality.

- If they are holders of a sum ranging between 5000 USD (approximately 4220 EURO) and 10000 USD (approximately 8440 EURO), they must ask for a “licence of port” in a bank by presenting their passports and visas; this licence will have to be checked by the customs.

-If they are holders of a sum higher than 10000 USD (approximately 8440 EURO), they must:
1) ask for a licence of port in a bank by presenting their passports and visas;
2) submit this licence of port, stamped by the bank, at the office for the control of the foreign currencies which the aforementioned bank concerns. The office in question is responsible for checking the authenticity,the origin and the use of the currencies before their exit.
3) to present the licence of port thus checked at the customs.

With Currency UK, get the best exchange rate for Chinese Yuan for your next trip to China.

The company’s services have been endorsed widely in the media. Currency UK has been frequently featured in the national press, including the Financial Times, The Telegraph, Daily Express and The Observer, along with many specialist publications including Island Life, Living Spain and Everything Spain.
Currency UK is a member of the Association of International Property Professionals (AIPP) and is the preferred foreign exchange partner of the Offshore Financial Trade Association (0FTA).

Currency UK is Regulated and Authorised by the Financial Services Authority for the provision of payments services under our Firm reference 504592.

What does this mean?

They have demonstrated and proven the measures in place to ensure security of our clients funds

They have met stringent solvency tests

They have demonstrated our compliance with consumer based policies such as our complaints procedure and data protection policies.

Source: Currency UK