if one makes money in china can you move it to the usa?
Personal Finance - 2 Answers
Random Answers, Critics, Comments, Opinions :
1 :
Yes - you make money (not printing it- but earning it) in china, you go to china bank and open bank account - and you send money to your bank in USA. (Bank Transfer - not western union)
2 :
Yes, however there is an exchange rate. Right now 100 Chinese Yuan equals 14.6481 American Dollars. This rate changes daily. To exchange the money, go to an American bank with a branch in your Chinese city and ask for the international exchange department. They will gladly exchange it for you. Be advised that many banks charge a commission for exchanging the money. Another way to do this is to take the Yuan and open a checking account in the Chinese branch of an American bank. Then when you come to the U. S., you can go to another branch of that same bank and write checks against the money you deposited in China. You may have more money or less money than you deposited in China because of the exchange rate.
