Job Discussion Forums

[ChinaLady]

Just as a point of information (because I learned the hard way yesterday.) when I exchanged USD for Yuan last summer in the local Bank of China, the Bank of China gave me a receipt.
Great! hold on to it I was told by the FAO, you can use it to exchange Yuan for USD.
well, right and wrong. the receipt expired after 6 months. no where on the paper was that printed - the Bank of China clerk (yesterday) informed me that the Chinese stamp/chop said that in tiny-tiny Chinese below the date I exchanged the original USD.
have I done this before - YES! did I ever run into this "time" thing - NO!
again, a lesson learned - what is true today will possibly not be true tomorrow or next week or , , , well, you understand.
smile. TIC!

[Louis]

Don't you have a red book?

[kev7161]

I used to have an "Employment Permit" and now I have a "Foreign Experts Certificate". I notice in the back it reads: "Card for Exchanging Foreign Currency". It states that the institute that employs me must fill in the amount I can convert each month and then be stamped with the schools official stamp.

I am happy to get it done of course . . . if I need to. Has anyone had this done and do the banks even look at it? More info, please if you have it.

[Taiping04]

Yes Kev, I've done it. My bank [I had an account] was a foreign one: a move I'd recommend. I needed:
* the experts book, filled and stamped by my school.
* Tax certificates.
* passport.

The whole process took 20 minutes, and I converted 50,000 RMB with no fuss. I did ring the day before to ensure they'd have the readies though.

[oprah]

It was my understanding that when you are ready to leave and change your money, that the school gets a receipt from the tax department saying so much tax has been paid, or if you make under four thousand rmb per month , no tax is paid and you need to get a receipt from the government saying no tax is due. You can only convert seventy percent of your income.