Friday, August 22, 2008

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According to a couple recent articles, non-bank currency exchange has been given the green light to start expanding in Beijing and Shanghai. Some company called Aixiyi (艾西益) is currently running two exchange points, one at Pudong Airport and one at Zhangjiang subway station (pictured). The maximum allowed exchange per day is USD 5000, and per year is USD 50,000. The company plans to open more locations as the World Expo approaches, next in Xintiandi and the Yu Gardens area.

It's about time. Hong Kong has these all over the place. I wonder if they'll change RMB into dollars, not that you'd want to that right now.

2 Comments:

At Aug 26, 2008, 3:37:00 PM, Blogger Jeff Rutsch said:

Yes, there's something similar at the Beijing airport, I used it last time I was there to change RMB into dollars, without a receipt or whatever. The rate is good but there's a 50 kuai charge.

 
At Aug 26, 2008, 3:56:00 PM, Blogger Micah said:

Sounds like some competition is in order. The great thing about downtown HK is that there's an exchange hole-in-the-wall every couple blocks, a true market.

 

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