I need to exchange RMB to $ at a Bank of China, or at my local Citibank back in the USA?

I have been in Beijing for 3 months and am going back home to NYC. I am going to have some RMB and I want to get the best exchange. I understand that exchange laws are complicated and strict in China.





Should I exchange my RMB for US$ at a Bank of China, at the airport, or at my local Citibank back in NYC? I obviously want to get the best rate.





Thanks for the help.|||n|||You don't have a prayer of changing Chineese money to US dollars at a local bank in NYC|||I think you should keep the RMBs, US $$ is going down.


if you really want to do the exchange, I can find someone who can do the exchange rate for you here in NY.|||Your best bet would be to get an American living in China to buy the RMB off you. Due to my status, I'm not allowed to exchange RMB for dollars, but some of my student friends can do it for me. It has something to do with the fact that I'm paid in USD. If your company pays you in USD, chances are you won't be allowed to change the RMB to any currency.





There is usually someone who has some dollars lying about. If you give them a decent exchange rate, they'll change it for you.|||Better to do it in China- especially Hong Kong if you plan on visit this city.|||RMB is not international currency yet.


When you entered and exchanged your USD to RMB, you should received a receipt, named Exchange Memo.





If you want to exchange your RMB to USD again, you need to show that Exchange Memo to the bank or exchange window in airport.





Anyway, you better go to BOC branch and ask them.


You better bring your Chinese friend.|||change it in China... your local Citibank back in the states will kill you on the exchange rate|||It's better to exchange your RMB in China.





First, I hope you have kept all your receipts when you exchanged US$ to RMB. If not, changing it back would be a little bit complicated, if not, impossible at the banks.





I have a suggestion for you: find your local friends or colleagues who also earns US$ in China. Exchange it with them. You may lose some exchange differences, think of it as the price spent in terms of time and taxi fares.|||Find the Cook's office ---your hotel---airport--where your concierge' might point the nearest Cook's---and just do it---forget a few bucks this way or the other----go home with great times---not pinching a few dimes.|||Of course u can exchange them in China. it's easy if u want to change ur dollars into RMBs. we will follow the current exchange rate. but it will be hard if u want to change RMBs into dollars. u will have to provide good reasons. my mom used to work in a bank. i'm chinese.|||Well, I don't know how much this will help, but I had an experience where someone had given me some Euros and the only bank around here that could exchange foreign currency was Bank of America and they charged me a hefty fee. I don't know what Citibank is like, but I would be reluctant to exchange any foreign currency here because they seem to want to charge you an arm and a leg. My guess is that you'd be better off doing it in China or even at the airport before you come back. Have you contacted Citibank to find out their fees?|||Bank of China's main branch (near the embassy distict) is probably the best bet. The exchance laws depened on what you were doing. Did you come to Beijing with US money, and just have some RMB left? In that case, if you still have your record of your last exchange it is really easy to do so. (it says on it that you can change it back to the same amount of USD within 6 months)


If you were working, you need your paycheck, and a few other things.


If it was from an ATM, I am not sure. Like I said, the main branch of Bank of China would have a better answer.


Airport exchange kisoks can do it, but usally charge about a 5-10 dollar fee, depending on how much you are changing back.


I have no idea about Citibank.