The Taili Corporation and Datong Corporation of Ruili Branch, ICBC began their foreign currency exchange service on Oct 25. The breakthrough of Dehong State indicates that banks are no longer the only channel through which one can exchange foreign currency.

Yang Yueguo, Party leader of the city of Ruili, and Diao Wenli, President of Dehong State Bank, Industrial and Commercial Bank of China (ICBC), cut the ribbon and disclosed the brand at the opening ceremony.

In order to standardize the exchange market and to promote the development of tourism, Dehong Foreign Exchange Administration Bureau permitted two corporations, Taili and Datong, to open a foreign currency exchange service, which will no longer be the privilege of banks only. Both agencies are located in Jiegao. Services include traveler’s check exchange and exchanging RMB into foreign currencies. Both exchanges accept American dollars, Euros, British pounds, Hong Kong dollars, and Japanese yen.

The foreign currency exchange services of these two corporations will help with the orderly competition of the exchange market, and will improve the exchange environment while enriching market objects.

Dehong officials and leaders of the two corporations all expressed their will to legally develop the foreign exchange market, standardize management, and serve border commerce , which will contribute to economic development in Ruili.