Currency

schnib


Joined: 24/05/2008
Posts: 101

Message Posted:
21/11/2008 14:26

can anyone please advise what is the maximum permitted sum in sterling that can be brought in person when travelling from britain to t.r.n.c. thank you.

brian24001


Joined: 23/03/2008
Posts: 606

Message Posted:
21/11/2008 14:44

see post 16

http://www.cyprus44.com/forums/4861.asp

schnib


Joined: 24/05/2008
Posts: 101

Message Posted:
21/11/2008 14:55

brian24001-thanks for the response-greatly appreciated schnib

cyprusishome


Joined: 31/03/2007
Posts: 2381

Message Posted:
21/11/2008 15:46

Does not matter what the allowance is it is not definitive. The authorities may still quiz you at either end under currency laundering regulations.



Also, have you thought about what would happen if you had a large sum lost or stolen. Surely, unless you have something to hide it is far safer to use electronic means to transfer cash.

brian24001


Joined: 23/03/2008
Posts: 606

Message Posted:
21/11/2008 16:12

When I went through STN a while ago they had the customs dog sniffing for money, I was curious so asked the customs officers, they said so long as you could prove traceability (i.e. a bank statement with the withdrawl) they were not particularly interested, as long as it wasn't a rediculous amount, but even then he said, with traceability and declaration, not a problem, they just need to know why.

They are aware poeple own property overseas and take money to pay for it and run it etc, they just want to make sure it's legal money, and been taxed.

Deffinitely emphasised the bank statement bit though, as like he said, you can wire any amount from a bank anyway.