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What does personal foreign exchange quota mean

by admin

The individual quota refers to the annual limit for each person to use the same amount, which is 50,000 yuan.

After the limit is exceeded, the service cannot be carried out.

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In various foreign countries, mainly in the exchange or renminbi exchange foreign currency.

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This is a must for all sorts of investors who need to make a move.

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There is no foreign exchange limit to the enterprise, to earn foreign exchange enterprises still have the preferential policy of tax refund, but, foreign exchange needs to declare.

Personal foreign exchange amount in our country is calculated on an annual basis. Individuals can only exchange not more than $5W or other foreign exchange equivalent in one year.

It is mainly to prevent the risk of corruption and money laundering, and also to inhibit the depreciation risk of RMB against the US dollar.

For traveling to exchange money is completely able to meet, and in foreign consumption can also use the bank card consumption, this kind of consumption is not counted in this amount.

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