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Some time ago I had a bunch of Chinese yuan on a Chinese account that I wanted to transfer to Europe. I couldn't do a wire transfer, and I couldn't bring them a
by captainmuon 6y ago
Some time ago I had a bunch of Chinese yuan on a Chinese account that I wanted to transfer to Europe. I couldn't do a wire transfer, and I couldn't bring them as cash since my German bank didn't want them. I could either pull 500 € a day via ATM (with large fees), or just send it via Bitcoin.
- riffraff 6y agoWhy couldn't you do a wire transfer?
- bmn__ 6y agoBefore 2009, export of RMB was completely prohibited. Afterwards, some restrictions were lifted, but AIUI they do not apply to J. Random Laowai.
- Bayart 6y agoNowadays, can people even have bank accounts in their names in China without Chinese ID ?
- GoblinSlayer 6y agoFiat financial systems are full of most arbitrary restrictions. My anecdote: I once wanted to deposit money, came to a bank, gave them a bank card, They: What is this? Me: Money. They: No, bring money.