According to the Bank of China, Hainan's first foreign currency exchange machine XTM has been installed in Dadonghai Area recently. By following the machine’s directions, tourists and foreigners can change their foreign currency easily.

The machine can operate in four languages; Chinese, Russian, English and Japanese.

According to the Bank of China, the XTM is not only available for users to deposit or withdraw money, but can also automatically convert 16 different currencies, including the US dollar, into Renminbi.

The service for exchanging currencies such as US dollar, Hong Kong dollar, Euro, pound and Japanese yen into RMB into notes of coins are now available for users. More services in other foreign languages will soon be put into operation to meet the needs of users. The daily foreign currency exchange rates will be displayed on the screen in the bank at around 9:30 am.

The machine can convert a maximum of 2,500 yuan RMB each time. Passports or permits for Hong Kong and Macao are accepted alternatives for authentication, aside from ID cards.

Bank of China has also announced that they will install five more XTMs in Haikou and Sanya by 2013.
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