Money and Valuables when travelling in China

 

Before you come to China to travel, you should take care of your money and values. Below is some tips you need to take notice.

Before travelling to China,  organize a variety of ways to access your money overseas, such as credit cards, travelers’’ cheques, cash, debit cards or cash cards. Australian currency and travelers’cheques are not accepted in many countries. Consult with your bank to find out which is the most appropriate currency to carry and whether your ATM card will work overseas.

The Chinese Customs Administration requires that travelers carrying over US$6,000 (or equivalent in foreign currencies) in cash must declare it upon arrival in China. The declaration should be kept safely and shown to customs officials upon departure. Travelers who wish to depart China carrying between US$6,000 and US$10,000 (or equivalent in foreign currencies) should obtain permission from a Chinese bank to do so. When you travel to China, take note of this.

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Currency exchange when travelling in China

 

Travelling in China, you will probably face the problem of exchanging money. Below I will give you some tips about this problem.

We had no problems exchanging money in all the big hotels that we stayed in. Some of the travel books will tell you to go to the official banks to get a better rate, but there didn’t seem to be enough of a difference to make us want to 1) find the banks, 2) find out the operating hours, 3) venture in there and hope that we found someone that spoke English (once you get out of the big American hotels it can be very difficult finding someone who speaks English).If you travel to China, take note of the basic problem.

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