Imported goods can only be purchased with Foreign Exchange Certificates.
The Friendship Store has gotten slightly better in the past two years, but during the first few years, ordinary people were not even allowed to enter. It's like a privilege, making foreigners seem superior to Chinese people.
Director Chen always felt stifled, and with a slight nod, he signaled to continue.
"These Foreign Exchange Certificates are issued by the People's Bank, but not just freely given to foreigners and returning overseas Chinese. They have to exchange US Dollars for them at the official exchange rate of the People's Bank when entering the country.
If they enter the country this year, that means they have to use 1 US Dollar to exchange for 3.7221 Foreign Exchange Certificates.
