The total amount of personal purchases outside the expo period is $50,000

Source: Internet
Author: User
Keywords Buy Sinks
Tags administration document exchange exchange rate notice personal project total
State Administration of foreign exchange 29th issued a notice, during the Shanghai World Expo (May 1, 2010 to October 31), the total amount of foreign exchange to the management policy, the total purchase amount of the equivalent of 50,000 U.S. dollars. Foreign personal purchase of the cumulative equivalent of 50,000 U.S. dollars (including 50,000 U.S. dollars) within, with my valid ID card in the bank. If the overseas personal purchase of foreign exchange is more than $50,000, the legal RMB income obtained in the current project within the Territory shall be transacted by means of a valid identity document and relevant proof material of the transaction value. The original exchange has not been used up the RMB exchange rate with my valid identity documents and the original exchange of water to deal with the return.  When a bank or a foreign person handles the purchase of sinks or returns to the business, it shall not evade the quota supervision by way of splitting, or use false commercial documents or vouchers to evade the authenticity management. The foreign Exchange Bureau said that since November 1, 2010, will terminate the implementation of the Shanghai World Expo during the overseas personal Exchange Total management policy, the banks should resume in accordance with the "personal foreign currency management measures" and its implementation of the rules and other existing relevant foreign exchange management regulations for overseas individuals to handle the purchase of the exchange business. (Lu Ying)
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