China’s foreign exchange regulator has not changed rules on withdrawals of interchange by people, the regulator aforementioned on Tues, following media reports that it had capped the frequency of U.S. greenback withdrawals at at two each week.
“We haven't discharged any new rules recently relating to domestic money withdrawals of foreign currency by people,” the State Administration of interchange (SAFE) aforementioned in a very post on its official account on China’s Twitter-like Weibo.
A daily withdrawal of a most of 10,000 U.S. bucks is allowed from banks in China, beneath associate existing policy prevailing since 2007, SAFE said.
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