more detailed procedures for forex and renminbi purchase and remittance by foreign currency cardholders, and related repayment procedures. Holders of forex-enabled bank cards issued outside China are now entitled to make withdrawals in renminbi, the country's foreign exchange authorities announced yesterday. Reading travel blogs and tips, watching videos, and browsing through pictures of your travel destination takes you to that destination almost instantly. Some of the other benefits you can enjoy by partnering with Thomas Cook include 24-hour delivery service, advance blocking of currency, best online currency rates, and safety of your online transaction. Shenzhen-based China Merchants Bank yesterday issued its All-In-One Gold Card, Chinas first debit card that can be used for both domestic personal banking services and overseas cash withdrawal and purchases. While traveling helps you unwind and de-stress, planning a trip in advance and finding the best deals on currency rates can enhance the thrill of your vacation. The circular also stipulates that domestically-issued forex cards can only be used for overseas payments under the current account, not the capital account. The new rules, which will take effect on September 1, reflect market-driven adjustments to policies on forex-denominated cards.
It is advisable to exchange money in advance as it can be expensive and troublesome to buy forex in a foreign country. Thomas Cook Forex services let you buy forex at the best exchange rates from the comfort of your home for any currency of your choice. With Thomas Cook, you can purchase forex at competitive exchange rates online, from anywhere in the world. Foreign currency cards have also become increasingly popular in recent years as more Chinese people travel overseas.
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Competitive money exchange rate and enhanced world connectivity have made finding new and interesting destinations across the globe a cakewalk. This will enable closer monitoring of the use of domestic bank cards overseas. At Thomas Cook, we understand the importance of a good vacation and therefore strive to make the planning and preparation seamless and secure. Use of such cards is prohibited in gambling, cross-bank transactions and transactions under the capital account. At Thomas Cook, we pride ourselves on sharing your anticipation and help you plan your travels effortlessly. Our range of services includes hotel booking, flight booking, sight-seeing and foreign exchange. These small savings could go a long way in your overseas forex market analysis software holiday. Restrictions will also be placed on the use of domestically issued cards for trade deals and some specialized non-trade services. When it comes to foreign vacations, one of the most challenging tasks is finding the best forex rates.
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