To meet the needs of foreign Chinese, the State Council, the April 1, 1980, Bank of China, returned to authorized foreign exchange certificate, held in foreign currency shall be converted into foreign exchange certificates specified in the range of RMB equivalent.
Foreign Exchange Certificates, only certain sectors such as hotels, Friendship Stores, Duty Free, etc. are available, people in that time, foreign luxury goods – Remy’s wine, Marlboro cigarettes, may be purchased from the Japanese considered the only place in the color TV, Switzerland Watch.
Forex certificate authority, fear and worry, has raised a lot of foreigners. September 11, 1980, “People’s Daily,” the Massachusetts Institute of Technology published a letter from Richard Robertson: “I recently just returned to the United States visited China two weeks. Wherever you are, he left me for the Chinese people are dynamically took a very deep impression. but you foreigners and Chinese citizens’ preferences, I am deeply interfere with discrimination must admit. I see the foreign exchange certificate. This system is reminiscent of the 19th World Jishi Qing government granted the privilege of foreigners. ”
In 1994, China’s foreign exchange certificate is issued, but stopped almost RMB in the hands of ordinary Chinese people can be in foreign currency. To 1998, China started to open the individual purchase of foreign exchange situation began to change. March 1, 2006, foreign currency exchange in China limit is increased to $ 50,000. This series of changes to the Chinese people have their cash around the world, “God, before you try to be delivered to the store.”
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