Local branch of the State Administration of Foreign Exchange. According to the Regulations on the Remittance of Foreign Exchange Deposits of Domestic Residents, those with more than US$ 2,000 and less than US$ 5,000 need to be reviewed by the local branch of the State Administration of Foreign Exchange, and those with more than US$ 5,000 need to be reported to the State Administration of Foreign Exchange for review. Therefore, foreign exchange in US dollars exceeding RMB 5,000 does not need to be audited by the local branch of the State Administration of Foreign Exchange.