CHINA BUCKS The Strange Story of the Abandoned Foreigner Currency

Did you know that China also used to have an entirely separate currency system just for foreigners?Up until the mid-1990s,Foreign Exchange Certificates(FEC),known as waihui in Chinese,were the primary form of payment for laowai travelers to the Middle Kingdom.China began to issue the convertible version of renminbi to foreigners on April 1,1980.