Would it be possible/practical to convert all your money into yuan to avoid inflation? I’m pretty sure most places in the us accept virtual payment that converts yuan back into dollar or whatever.
Would it be possible/practical to convert all your money into yuan to avoid inflation? I’m pretty sure most places in the us accept virtual payment that converts yuan back into dollar or whatever.
Depend on country, bank and usage. Savings probably yes, although afaik no bank in Poland at least offer saving account in Yuan, but you could search in other countries. There would be fees for conversion of course, but lower than inflation so that’s not that bad idea.
Daily account would be harder, as you would need Yuan account in your bank and it would have to allow to small sum conversion with every transaction, and for example in Poland conversion fees for payments are pretty hefty even for PLN<->EUR.