Can individuals purchase foreign exchange more than $50,000 to settle foreign exchange?

Individual foreign exchange settlement and domestic individual foreign exchange purchase are subject to annual total management. The annual total is equivalent to 50,000 dollars per person per year. The State Administration of Foreign Exchange may adjust the annual total according to the balance of payments.

Every June 65438+1 October1day, the annual foreign exchange purchase quota of 50,000 USD will be redistributed to individuals. For the excess, it is necessary to provide relevant authenticity certification materials, and the total amount of foreign exchange purchased shall not exceed the amount marked on the certification materials.

Each person can withdraw no more than the equivalent of $2,000 in foreign currency cash each time he purchases foreign exchange. In addition to withdrawing cash, citizens can also remit the purchased foreign exchange directly abroad and take it abroad by money order, traveler's check, credit card, etc. And, of course, into their foreign exchange accounts.

Extended data:

The State Administration of Foreign Exchange has further adjusted the foreign exchange purchase policy for individual residents' current account;

The guiding limit for individuals to purchase foreign exchange under the current account of domestic residents has been raised. Applicable to domestic residents holding personal passports who actually travel abroad, visit relatives and study. If the departure time is less than half a year, the guiding limit for purchasing foreign exchange will be raised from the equivalent of $3,000 to the equivalent of $5,000.

More than half a year, from the equivalent of 5,000 US dollars to the equivalent of 8,000 US dollars. For overseas immediate family assistance, payment of membership fees of international organizations, overseas mail order and other purchases that actually need foreign exchange but have not left the country, the guiding limit is adjusted from the equivalent of 3,000 US dollars to the equivalent of 5,000 US dollars.

Simplify relevant foreign exchange purchase vouchers. First, the requirement that domestic residents who actually leave the country, such as traveling abroad, visiting relatives and studying abroad, must submit their ID cards or household registration books when purchasing foreign exchange was cancelled. When purchasing foreign exchange, the above-mentioned residents can apply with their personal passports and valid visas containing ID number information.

Simplify the proof of foreign exchange purchase for overseas students at their own expense. In order to facilitate overseas students to use foreign exchange, the original requirement for self-funded overseas students to provide admission notices or proof of expenses for overseas schools was relaxed to originals, faxes or online downloads, and the requirement for providing translation of admission notices and proof of expenses was cancelled.

In addition, the specific vouchers for self-funded international students to purchase tuition and living expenses for the first or second academic year are also simplified accordingly. It also greatly reduced the requirement for self-funded overseas students to pay RMB deposit in advance when purchasing foreign exchange, and reduced the amount of RMB deposit from the original 2: 1 to RMB 2,000 per transaction.

State Administration of Foreign Exchange-The State Administration of Foreign Exchange further adjusts the purchase of foreign exchange by individual residents under current account.