Quote:
Originally Posted by wingies
Thanks for the replies, I ended up going wit BOC since they have them in china and van, and wire over. Apparently china is super anal about ppl moving their currency out. My relatives told me so many horror stories about bringing CNY out of china.
If I was to declare it at the airport, I would still risk getting fined or confiscated. Because I would still need to show a legal warrant issued by government of State Administration of Foreign Exchange to carry that much out.
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You will not have the risk of being fined or confiscated if you declare it. That is a misconception many people have about declaration. If you don't, yes you can be fined and money be confiscated.
YOU MUST DECLARE ANYTHING $10,000 or MORE. I did the same thing as you when I worked in China for a year, at the end of my stay, I came back and brought over everything in cash. I declared and that was it. The customs didn't ask to see it or do anything with the cash.
Fill this out and bring the cash over
E677 – Cross-Border Currency or Monetary Instruments Report — Individual
Also,
Exchanging to USD from RMB might be tough but you will need to bring a Chinese national to do it and that is all. You don't need to report anything to other government agencies.