| Brits stock up on yuan ahead of Olympics |
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| 29 July 2008 | |
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With just 10 days to go until the start of the Olympic Games, foreign currency expert M&S Money has seen a 25% increase in sales of Chinese currency, as British sports fans prepare to cheer on Team GB in Beijing. During the next week Brits will be travelling to the Chinese capital, in time for the 16 days of events that run between 8 and 24 August. The city also plays host to the Paralympic games on 6 and 7 September.
M&S Money has seen a 25% year-on-year increase in sales of the yuan (renminbi) during the first seven months of 2008. Travellers are reminded that there is a limit of 6000 yuan allowed in or out of the country (approx £470). Brits should consider taking up to the limit in yuan and the remainder in US dollars, either travellers' cheques or cash, says M&S Money.
Fraser Millar, M&S head of travel services, said: "China was a destination hotspot in 2007 following the launch of package holidays to Chinese coastal resorts and we saw a 10% increase in sales of the currency. As we expected, sales have increased again in the run-up to the Olympics as fans and athletes alike prepare to enjoy this unique event."
He added: "Anyone heading to the Olympics who has yet to get their currency needn't worry, as they still have time to get their currency before the big getaway. However, travellers shouldn't just rely on cash, and we recommend using a mix of cash, credit card and debit card to cover their foreign spending. Also ensure you have the necessary visa to enter the country."
Check out how many yuan you can get for your pound
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