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.
It’s not easy to transfer money out of your account in China, if you have one there. But it’s way to put money in. You can consider gold as more practical for storing value, but you should do your own research on that. It’s easy enough to open an account in China if your there and have a long term visa, and some banks can give you a card that uses Mastercard. You could use this abroad/withdraw cash with a relatively low fee. However that might have lots of conversion fees, and isn’t feasible for most to open an account in China. Other banks in your country may have the option to have an account in Yuan, Russia has several banks that provide this service. However, I’d imagine most of the west wouldn’t.