Traditional Culture Encyclopedia - Travel guide - What is Yunnan’s tourism foreign exchange income in 2016?
What is Yunnan’s tourism foreign exchange income in 2016?
It was learned from the State Administration of Foreign Exchange that in order to further regulate the receipt and payment of foreign currency cash and prevent individual institutions from defrauding the receipt and payment of foreign currency cash through fictitious transactions and evading foreign exchange supervision, the State Administration of Foreign Exchange recently issued the "Foreign Currency Cash Receipts of Domestic Institutions" "Measures for the Administration of Cash Collection and Payment" clearly stipulates the conditions for the collection and payment of foreign currency cash by domestic institutions. The "Measures" stipulate that under special circumstances such as being unable to use bank channels, domestic institutions are allowed to handle some current account receipts and payments in foreign currency cash. Specifically, this includes poor bank transfers, transactions with war-torn countries (regions) with poor financial conditions, and foreign exchange income from the sales of duty-free commodities by domestic duty-free commodity business units and duty-free shops. However, foreign exchange settlement should also be carried out at the handling bank in accordance with regulations, and it is not allowed to be deposited into the handling bank and converted into cash. The "Measures" also stipulate that under special circumstances such as being unable to use banking channels, or when the average amount of foreign currency cash withdrawn by each group under the domestic institution's official business trip abroad is less than the equivalent of US$10,000 (inclusive), the domestic institution can Purchase foreign exchange at the handling bank or use your own foreign exchange to withdraw foreign currency cash according to regulations. The above measures will be officially implemented from February 1, 2016.
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