Passengers Carrying 10,000 Euros or More in Cash Must Declare the Cash at External Border of the EU

As from Friday, 15 June 2007, a new EC Regulation on controls of cash movements became effective in all EU Member States. In accordance with the Regulation, travellers entering or leaving the EU are required to make a declaration to the customs authorities if they are carrying €10,000 or more in cash (or its equivalent in other currencies).
The regulation only imposes an obligation to declare; it is not a restriction or prohibition regarding imports and export of cash.
Cash to be declared is banknotes and coins that are in circulation as a medium of exchange, but also certain other instruments such as cheques and negotiable promissory notes. Credit cards, for example, need not be declared.

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *