Considering the Five Rams City Hotel Guangzhou in Guangzhou?
A VT member wrote the following comment about visiting Guangzhou:
Black Market by herzog63
I'm not sure if there is a Black Market for hard currency any more but in 1987 there was a huge Black Market for FEC's (Foreign Exchange Certificates) (Which are not used anymore) and also US$. I was able to change my FEC's to the local currency of the Renminbi at a rate of 40% higher which made my trip quite cheap! I was approached anytime I got near a big hotel and also by quite a few of these guys that hung out on Shamian Island at a couple of key spots which is where my Youth Hostel was located. They were handy when I wanted to change money but a little annoying when I didn't want to.."Hello, Change Money" got a little old sometimes. But at the same time changing money on the "Black Market" added to the Romantism of traveling!! I know I have one or two FEC's somewhere but I can't find them this 1 Jiao note I have glued into my journal.
