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-   -   Opening A Yuan Bank A/C (https://gfy.com/showthread.php?t=858920)

Vendot 10-01-2008 06:12 PM

Opening A Yuan Bank A/C
 
Anyone done this? How?

I got turned down with Bank Of China in Singapore as they wanted a work permit....

After Shock Media 10-01-2008 06:14 PM

Isnt there also such banks in Panama. Like a bank of China I mean?
Wonder if they would require a permit there, doubt it.

rowan 10-01-2008 09:34 PM

See if you can find a local bank that offers a multi currency account. I recently opened an account with HSBC that has AUD and USD subaccounts; I can transfer between them at will. Can also do wires in/out of either so there's no currency conversion loss, *I* choose when to convert. :)

cgu 10-01-2008 10:27 PM

http://www.everbank.com/001Currency.aspx

Have at it, but I'd suggest reading about the Japanese Asset Bubble on Wikipedia. US$ is going to be the currency to hold on to. I don't see many people getting raises so therefore there will be less demand for items, so the price should go down just like in Japan when their housing market bust.


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