You can exchange rubles for yuan in all major banks in Russia. But not all offers will be profitable: often the rate is overstated or a commission is charged for issuing foreign currency.
The yuan is the national currency of China, one of the most stable monetary units in the world. The exchange rate remains at a single high level, so buying the yuan will be a wise investment. In addition, you need to exchange rubles for Chinese currency before traveling to this country.
In big cities, yuan is no more difficult to buy than euros or dollars. It will be more difficult to find a suitable point in small settlements.
Buying yuan in Russia is more profitable than in China. Tourists are offered an overpriced rate, and communication problems and ignorance of the local banking system will further complicate the process.
A few years ago, few banks offered the service of buying yuan, and it was difficult to choose an advantageous offer. Many travelers preferred to buy dollars and already exchange them in China for local currency. Now the situation has changed: yuan are sold in almost any bank. It will be easy to choose the most profitable or convenient from the many offers.
Cash currency exchange
The easiest and most common way to buy yuan is to exchange cash rubles for Chinese currency. This can be done in the branches of large Russian banks (Sberbank, VTB24, AlfaBank, etc.).
You can select an exchange point on aggregator sites that will show all available points and their course on a map or in a table.
Often, the rate is more profitable not in bank branches, but in small exchange points. If you need a small amount, you can use their services. But be careful and carefully count the money issued to make sure the exchange is correct.
The best place to buy cash yuan is the Russian branch of Bank of China. There is a good exchange rate here, there is always a sufficient amount of currency and there is no need to fear for its authenticity.
Please note the special conditions. Sometimes the exchange office will not be able to issue the required amount. In other cases, on the contrary, in order to acquire currency at a very favorable rate, you will have to buy at least 50,000 yuan.
Bank deposit
Banks allow opening accounts in any currency, including yuan. But most Russian financial institutions will not issue cash from an account in Chinese currency - the amount will be linked to the exchange rate and issued in rubles.
Therefore, it is more profitable to open a deposit in a Chinese bank - the aforementioned Bank of China. All account holders can get a credit card from the Chinese payment system UnionPay, which is linked to the deposit. It can be paid anywhere in China, while it is nominated in yuan. Therefore, you can not be afraid of a double conversion (rubles to dollars and dollars to yuan) and unnecessary spending on it.
