China used to have a similar system with Foreign Exchange Certificates until the 1990s [1] but nowadays it's not really the same. CNH/CNT/NDFs are an artefact o

China used to have a similar system with Foreign Exchange Certificates until the 1990s [1] but nowadays it's not really the same. CNH/CNT/NDFs are an artefact of foreign-exchange controls but as a visitor to China you're unlikely to even know they exist. 1. https://www.china-briefing.com/news/15-years-in-china-foreign-exchange-certificates/ https://www.china-briefing.com/news/15-years-in-china-foreig...