United States dollar (currency abbreviation: USD; ISO 4217 currency code: USD; Symbol: USA $) is the lawful currency of the United States of America. The dollar notes in circulation at present are all kinds of banknotes issued since 1929.
If there is a limit for exchange in a domestic bank, you can go to the Bank of China for exchange. When you exchange, you can go directly to the bank with your relevant valid ID card. At the same time, only Bank of China supports small amount foreign currency exchange business in China. So we need to find the nearest business hall of the Bank of China, which is available in almost every city.
China has imported inflation because of the over issuance of the US dollar. So now China has liberalized foreign exchange control but not capital control, so it does not require binding US dollars to forcibly exchange into RMB.
Where to exchange RMB for US dollars is as follows:
1. Choose a bank, although there is no service charge for simple exchange of foreign exchange. Because of the fluctuation of exchange rate, the foreign exchange quotation of banks is also volatile, and there will be a little difference between the prices. Compare the selling prices of banknotes of major domestic banks.
2. When exchanging foreign exchange, you need to carry your ID card and account book, but not all outlets undertake the exchange business. The bank outlets that can exchange foreign exchange will have green currency exchange signs. If you are not sure, you can ask the staff.
3. At present, the domestic foreign exchange exchange limit is a maximum of 50000 US dollars or other forms of foreign currencies per person per year. If it exceeds a certain amount, it needs to go through some special application procedures. Of course, you can also use the amount of other people's dollars and RMB.
You can also exchange foreign exchange through online banking without leaving your home. China Merchants Bank and Bank of China have related businesses, but only if you open online banking.