Advertisement
MONEY changers will have to display the rates for yuan tomorrow, making it harder for unscrupulous dealers to rip off mainland visitors.
The Government is requiring currency traders to put up on boards the yuan rates in recognition of its increased use in the territory.
It has nothing to do with the 1997 changeover, said Hong Kong Tourist Association chairman Martin Barrow.
'It's purely the strong economic levels and the ability of people in China now being able to travel,' he said.
The influx of visitors from the mainland with pockets full of money has coincided with a relaxation of regulations covering yuan.
Two years ago, the Chinese currency could only be exchanged at two banks, Mr Barrow said.
Advertisement
Select Voice
Choose your listening speed
Get through articles 2-3x faster
1.1x
220 WPM
Slow
Normal
Fast
1.1x