Tourexpi
By
the end of June, the service will extend to all high-star-rated hotels in the
city, the Shanghai head office of the country's central bank, the
People's Bank of China, or PBOC, has announced.
As
the first stop for many foreigners arriving in China, whether it is for
business, studying, or tourism, Shanghai has been optimizing its
foreign exchange services to enhance convenience in response to the cash
payment habits of some overseas visitors.
As
of June 11, the city has an extensive foreign currency exchange network,
comprising 20 franchised institutions, 200 agencies, 80 self-service machines,
and more than 3,000 bank branches, in addition to almost 9,000 ATMs that allow
foreign bank card withdrawals.
Among
these, Pudong International Airport has 12 franchised points, four ATMs for
foreign currency withdrawals, three bank branches for currency exchange, and
one self-service machine, enabling convenient foreign currency exchange at both
arrival and departure gates, and in public areas in both terminals.
In
terms of exchangeable currencies, franchised institutions in Shanghai accept
up to 50 currencies, covering most countries along the Belt and Road
initiative.
It
also offers exchange services for around 30 other currencies, such as the United
Arab Emirates' dirham, the Danish kroner, the Brazilian real, and the
Polish zloty, meeting the diverse foreign currency exchange needs of overseas
visitors.
In
addition, digital RMB services have also been introduced in franchise
institutions for foreign currency exchange.
According
to the Shanghai head office of PBOC, the volume of foreign currency
exchange transactions in Shanghai has realized a leapfrog growth this
year, with a year-on-year increase of four times from January to May. The
number of transactions and overseas visitors have also quadrupled.
To
further improve the service quality, the city has reinforced the
standardization of foreign currency exchange institutions, expanded the types
of listed exchange currencies, optimized service processes, and ensured that
all foreign currency exchange points have bilingual service staff.
Image
Credit: © AA
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