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The Voice of Experience - 2004-12-20
In response to Paid only in RMB? (Gerald)

You can be paid in another currency here, but probably only if your employers are based in another country.

Getting paid in RMB is the same as getting paid in $US anyway, as the RMB is pegged to the $US, so the official rate between these 2 currencies never changes (which is good news for some at the moment with the $US the way it is).

Everywhere you go in this country you can change your money from RMB into $US unofficially with no questions asked, and usually at a slightly better rate than the one posted at the bank. These unofficial money changers usually congregate in particular areas such as outside the banks or on major thoroughfares; in some places they even have their own permanent premises in full public view. In fact very often you have no choice but to use the unnofficial route to buy your $US, as the bank will refuse outright to sell you any of theirs.

Messages In This Thread
Paid only in RMB? -- Gerald -- 2004-12-20
Bank Exchange rates -- Mike D -- 2004-12-21
i don't think so -- The Voice of Experience -- 2004-12-21
RMB exchange -- Phil -- 2004-12-30
Correction or clarification -- Mike D -- 2004-12-21
I wouldn't... -- The Voice of Experience -- 2004-12-22
$ -- Dos -- 2004-12-21
money matters -- The Voice of Experience -- 2004-12-20
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