In this era, foreign exchange control policies are strictly implemented. If foreign exchange controls are relaxed, the RMB will plummet!
The government also knows that 3.5 yuan in RMB or foreign exchange coupons cannot be exchanged for one U.S. dollar in the international financial market, but the official price is 3.5 yuan in RMB per U.S. dollar, and the exchange coupons are equivalent to the RMB!
When foreigners come in, the foreign currency in their hands can only be exchanged for foreign exchange rolls or RMB. They can only use the foreign exchange rolls or RMB for domestic consumption. But foreigners want to return to their country. I'm sorry, please take away the unused foreign exchange rolls or RMB. Welcome.
Come and spend again!
Foreigners and compatriots from Hong Kong, Macao and Taiwan who travel, visit relatives and invest, etc. have all been influenced by the international financial market, and they are not fools? If the government does not change the situation, tourists and tourists who visit relatives will not matter at all, but investors will take away the money they have made in China.
If so, it can only be exchanged for U.S. dollars at a price of 3.5:1. If things go on like this, investors will run away and reform and opening up will be reversed!
A compromise method is adopted. Instead of exchanging at the black market price of 1:6 or 7, the Bank of China still exchanges foreign exchange coupons at 1:3.5 (foreign exchange coupons can be exchanged for equivalent RMB), but you are allowed to use foreign exchange.
Juan bought something at a friendship store that was 30% cheaper than the market price and took a step back.
Foreigners and overseas Chinese don’t want to take the endless amounts of foreign exchange rolls and RMB back with them. If they take them back, they will depreciate and have no place to use them! There are also many foreign and Chinese employees of foreign companies in China whose wages are paid with foreign exchange rolls.
, the Bank of China does not use foreign currency to recycle foreign exchange rolls or RMB. In addition to open shopping, the unused foreign exchange rolls are sold privately to these scalpers, exchanged for foreign currency and leave. In addition, a group of people who have become rich need foreign exchange rolls to buy imported goods.
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Where there is demand, there is a market. The market needs an intermediary for transactions between both parties. Bank of China will not come forward to establish such an intermediary market, otherwise it will be slapped in the face!
The scalper group that illegally buys and sells foreign exchange rolls and foreign exchange was born!
On the one hand, foreign exchange controls are strictly implemented. On the other hand, a large amount of foreign exchange is needed to import goods and technologies needed for economic development. The official price of RMB is not recognized by international investors. If it is strictly enforced, investors will not make any profit. There is no hesitation.
leave the domestic market and weigh the pros and cons, the government will turn a blind eye!
During this period, Pengcheng Special Economic Zone and Zhucheng Special Economic Zone were also authorized to implement the policy of free circulation of foreign currencies and have foreign trade rights!
Sun Jian didn't know these things. Otherwise, he would have issued a certificate at school and applied for a border permit at the Public Security Bureau. Then during the summer vacation, he would have taken a trip to Pengcheng or Zhucheng with $50,000, exchanged it for RMB at the market price, and deposited it in RMB.
Bank of China, draw the check there, and return it to Bank of China in Jiangcheng for exchange.
What if the border police discovers the US$50,000 he is carrying when passing through the border checkpoint?
Sun Jian has been to Pengcheng and Zhucheng several times in his previous life. His current mentality is still that of a fifty-three-year-old. He dares to go to the United States, not to mention the two small counties that are still in the development stage. He only needs to issue an identity certificate and a letter of introduction at the school.
enough.
At this time, if you don’t have an ID card yet, when traveling and staying, you need to present a certificate of identity and a letter of introduction stamped with the official seal from your work unit or street.
During this period, it is seriously illegal to engrave official seals privately, and you will be jailed for several years!
Sun Jian vaguely remembered that in order to expand exports and relax some controls on the RMB, the RMB depreciated against the US dollar to a maximum of 8.3:1.
Sun Jian, a second-generation man, heard the price quoted by the scalpers and immediately understood that it was not "illegal" for him to sell the exchanged foreign exchange coupons to these scalpers, and he no longer felt burdened!
If you really think that these scalpers who buy and sell foreign exchange rolls are illegal, can you still let them sit at the gate of the Friendship Store holding a sign and go to work every day? During this period, the public security officers were very enthusiastic about their work.
He breathed a sigh of relief. Sun Jian's previous worries were unnecessary. The US dollars were converted into foreign exchange rolls, and the foreign exchange rolls were converted into RMB. He used RMB to do business. However, he has not yet found a good money-making idea. He can only take one step at a time.
Fortunately, he has plenty of time and is not short of money for the time being.
He plans to go to several Bank of China branches around Jiangcheng Medical School, directly open personal foreign currency deposit accounts and RMB accounts, and directly deposit U.S. dollars and RMB exchanged with foreign exchange certificates into these accounts. He will study and live in the next ten years or so.
and work are all within a five-kilometer radius centered on Jiangcheng Health School.
Industrial and Commercial Bank of China was established last year and has a branch next to Jiangcheng Shopping Mall.
During this period, there was no real-name system for deposits, and there was no ID card. You could just say Li Gang or Wang Yong.
Sun Jian pushed open the glass door, and a stream of air-conditioning hit his face. The chandeliers hung high and the lights were bright. In the nearly 1,000-square-meter hall, there were rows of glass display cabinets. The dazzling array of merchandise was divided into categories. It was clear at a glance. The spacious aisles, foreign countries
While people, overseas Chinese and Chinese people were passing by, a pretty female salesperson wearing a uniform white shirt and black culottes stood behind the counter, smiling, speaking in foreign languages, and enthusiastically serving foreign guests.
Youyi Store mainly deals in high-end, fine, famous products, high-end and mid-range goods and new products. It has established silk, satin and woolen products, watches and clocks and jewelry, famous wines and cigarettes, fur products, ethnic handicrafts, precious Chinese medicines, antique calligraphy and painting, clothing, shoes and hats and imported products.
Home appliances and other counters had a wide variety of products. Sun Jian felt as if he had returned to a large shopping mall in his previous life. Looking at the product counters labeled in Chinese and English, he quickly found the clock and jewelry cabinet. At a glance, he found the familiar gem flower tag and calendar on the counter.
The men's watch has a label that says 65 yuan in foreign exchange coupons. It sells for 85 yuan in Gangcheng Department Store, which is equivalent to a 30% appreciation of the foreign exchange coupons against the RMB.
"Hello sir, may I help?"
The female salesperson did not look down upon Sun Jian because of his immature face and casual dress. During this period, the male and female salespersons who could work in the Friendship Store were young and beautiful women, tall and handsome men, representing the image project of the Chinese people, able to speak foreign languages, and had clean family backgrounds and ancestors.
The three generations must find out. Foreign leaders sometimes appear here. If something goes wrong, it will be a diplomatic incident. If the Ministry of Foreign Affairs is alerted, many leaders will be dismissed from their posts and investigated. If not, they may go to jail!
"Hello, could you please take out this gemstone watch?"
"Please sir, wait a moment!"
"Please help me write a ticket!"
"Please sir, wait a moment!"
Sun Jian paid the bill with a 100-yuan foreign exchange coupon. The cashier retrieved the 35-yuan foreign exchange coupon and came back with the invoice. He got the watch in a beautiful box and took away the watch, invoice and warranty card, leaving the box.
The canvas schoolbag is too small and bulging, and the grandson's father and grandma will immediately notice the problem.