Summary | It was forbidden to possess RMB, which were
restricted only for use by Chinese. Needless to say, purchasing
FECs was at a 10 percent premium over the face value of the
note. Only certain, special “Friendship Stores” and
specifically designated hotels could accept FECs. It meant
foreign visitors in China were restricted in where they could ...
restricted only for use by Chinese. Needless to say, purchasing
FECs was at a 10 percent premium over the face value of the
note. Only certain, special “Friendship Stores” and
specifically designated hotels could accept FECs. It meant
foreign visitors in China were restricted in where they could ...
china-briefing.com | 08 January 2015