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tommchone
Joined: 27 Oct 2009
Posts: 108
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 Posted: Sat Oct 31, 2009 10:26 pm Post subject: |
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| Go to Hong Kong (which will usually be the first point of debarkation when leaving China, anyway) and exchange the RMB to USD at the airport. |
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The Ever-changing Cleric
Joined: 19 Feb 2009
Posts: 1523
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| Posted: Sat Oct 31, 2009 11:16 pm Post subject: Re: * |
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| spunkmonkey wrote: |
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| Or, you could always wire money home as well... |
Doesn't this need to be converted first? |
yes it does. so take a chinese friend to the bank to convert the currency for you, your friend hands you the cash, you take it to another desk in the bank, with the help of your friend, you fill out a form or two, show your passport, and then wire it home. its painless. |
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ttorriel
Joined: 13 Oct 2008
Posts: 193
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| Posted: Sun Nov 01, 2009 5:26 am Post subject: |
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| The contractual option to convert money is a totally separate issue than converting it yourself. The school has no obligation to go through the trouble of going to the bank and doing the work you can do yourself. They can pay you in RMB and you can go to the bank and figure out the conversion process yourself. Clearly, if you want USD in your monthly till then do it yourself or don't sign the contract. |
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Jayray
Joined: 28 Feb 2009
Posts: 373
Location: Back East
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| Posted: Mon Nov 02, 2009 3:17 am Post subject: |
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In my case, it wasn't a release of obligation of the FAO to convert rmb to USD. It was a mandatory agreement that I could not and would not change money under any circumstances. I got a clarification of that from the waiban.
This school also failed to provide me with an FEC (or whatever you might call it-- the red--sometimes blue-- sometimes green book that shows one's photo, lists the name of the employer, and allows the bank to record how much money has been exchanged). This was the first time that I had never been issued one.
I was lucky. I had a cooperative bank teller and a good friend to help me convert the bulk of my money before the situation became critical.
To the OP, I will say it again: beware. I'd be interested in knowing which school you're working for and how things turned out for you in the end. |
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