The change means a withdrawal of US$3,000 or more in a single transaction requires proof of need, such as an airline ticket for overseas travel, or a health certificate. Photo: Bloomberg The change means a withdrawal of US$3,000 or more in a single transaction requires proof of need, such as an airline ticket for overseas travel, or a health certificate. Photo: Bloomberg
The change means a withdrawal of US$3,000 or more in a single transaction requires proof of need, such as an airline ticket for overseas travel, or a health certificate. Photo: Bloomberg
Business /  Banking & Finance

Chinese banks quietly lower daily limit on foreign-currency cash withdrawals

  • Lenders have reduced the ‘scrutiny benchmark’ for US dollar withdrawals to US$3,000 from US$5,000 on the instructions of the central bank

Topic |   People’s Bank of China
Xie Yu
Xie Yu

Updated: 4:30am, 4 May, 2019

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The change means a withdrawal of US$3,000 or more in a single transaction requires proof of need, such as an airline ticket for overseas travel, or a health certificate. Photo: Bloomberg The change means a withdrawal of US$3,000 or more in a single transaction requires proof of need, such as an airline ticket for overseas travel, or a health certificate. Photo: Bloomberg
The change means a withdrawal of US$3,000 or more in a single transaction requires proof of need, such as an airline ticket for overseas travel, or a health certificate. Photo: Bloomberg
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