Chinese Yuan account


#1

This feature might attract a lot more customers in @revolut


#2

we can’t even make CNY payments, let alone keeping currency.

I believe only CNH is legally possible though


#3

it seems Transfer money on the bank accounts in the most populated countries on earth (INDIA &CHINA) is also not supported at the moment.


#4

@AndreasK can you give some clarification on the subject


#5

because the governments of those countries don’t want others to deal on their currencies.


#6

CNY is supported as a spending currency only at the moment.


#7

Hi @AndreasK, any insight on why Transferwise allows us to keep and transfer INR but Revolut had to (silently) remove it?


#8

No I don’t know why Transferwise allows INR.


#9

Precisely.

Capital controls and restrictions on capital movement means that there are two markets in terms of FX: Onshore and offshore.