ya it’s you can exchange a maximum of $500 a day not a year, i’m not sure what our max is on sending is, as i don’t have to patients to go to the bank every day and exchange $500 till i reach the amount i want to send, i just get a chinese friend or girlfriend to do it, they can exchange $50,000 in one day with a maximum of $50,000 a year….. the only thing you might want to look out for is (for your friend) the income tax people might ask them why they had $50,000 in their account for 5 minutes, i haven’t heard of anything like that happening, but its something to be aware of.
good luck!!