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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

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Nov 6 4:00 PM EST

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Elroy Jetson

To: Elroy Jetson who wrote (137700)	12/31/2017 1:50:42 AM
From: elmatador	1 Recommendation Read Replies (1) of 217553

Moving on China tightens rules on oversea cash withdrawals The move comes as China has struggled with capital flight and tightened capital controls this year to stem the outflow of money Agence France-Presse Posted at Dec 31 2017 07:42 AM The annual limit will be set at 100,000 yuan ($15,355) per person from Monday -- no matter how many cards a person has. Currently, there is an annual ATM cap of 100,000 yuan for each separate card, but there is nothing to stop users withdrawing many times this amount using multiple cards. The foreign exchange regulator said that if any Chinese is found using mainland bank cards to withdraw more than 100,000 yuan from overseas ATMs within a calendar year, they will be barred from taking out cash abroad using any mainland bank card for the rest of the year as well as the following year. news.abs-cbn.com

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