Tourists to Thailand limited to 20,000 dollars in cash

by **beer monkey** » December 14, 2007, 4:45 pm

Forbes.com

Tourists to Thailand limited to 20,000 dollars in cash.

BANGKOK (Thomson Financial) - Visitors to Thailand will not be allowed to bring in any more than 20,000 dollars under new rules expected to take effect next month, officials said Thursday.

The restriction is part of a measure Deputy Finance Minister Sommai Pasri said was necessary to help prevent money laundering and terrorism.

'Previously we have not controlled the amount of money that can be brought in and out of the country,' Finance Ministry spokesman Somchai Sujjapongse said.

'There was a recommendation to limit the amount to 15,000 dollars, but we have decided to limit it to 20,000 dollars,' he told Agence France-Presse.

A finance ministry official earlier said 20,000 dollars 'is suitable for personal spending by tourists.'

The new regulation is expected to take effect in mid-January, he added.

Sommai told reporters Thursday that the measure was being made 'in order to fight terrorism and money laundering.'

by **Ba Bob** » December 14, 2007, 5:07 pm

I wonder if they mean in cash through customs?,it would have to be. We have a similar law in Australia you cannot carry in more that $10000AUD on your person through customs.

by **BobHelm** » December 14, 2007, 5:32 pm

If you are from any EU country you are limited to 10,000 Euros (or the equivalent in any other currency) when you leave the EU. So no effect to any EU visitor.

by **panick** » December 14, 2007, 5:34 pm

beer monkey wrote:Forbes.com

A finance ministry official earlier said 20,000 dollars 'is suitable for personal spending by tourists.'

$20000 spending money for a holiday :yikes:

I can live here comfortably for over 2 years with that amount

by **Kenn** » December 14, 2007, 6:11 pm

seems a bit low to be allowed to bring through customs,
but ofcourse you can hit those freindly ATM's, which money with drawn will equal a small profit for the Bank ,

by **Ba Bob** » December 14, 2007, 8:36 pm

Kenn wrote:seems a bit low to be allowed to bring through customs,

What are you buying on holidays with cash!!!!!!

by **Kenn** » December 14, 2007, 10:06 pm

just a bit of sarcasm

by **dbriggins** » December 14, 2007, 10:31 pm

Most countries have some sort of limit as to how much one can take out. This is the first time I've seen a limit on how much one can bring in. Odd. But then we've become accustomed to odd things from the "caretaker" government.

by **Ba Bob** » December 15, 2007, 7:16 am

dbriggins wrote: Odd. But then we've become accustomed to odd things from the "caretaker" government.

How much cash do you want to carry?
there are ATMs

by **JimboPSM** » December 15, 2007, 8:43 am

BobHelm wrote:If you are from any EU country you are limited to 10,000 Euros (or the equivalent in any other currency) when you leave the EU. So no effect to any EU visitor.

Not quite correct, travellers to and from the EU have to make a declaration to the custom authorities if they are carrying more than 10,000 EUR (or equivalent), custom authorities are empowered to "detain cash that has not been declared".

Detailed info on EU Cash Controls can be found here:

http://ec.europa.eu/taxation_customs/cu ... dex_en.htm

NB - Just because you may be allowed to carry a sum of cash out of one country does not mean that you won't be in breach of the currency rules of the country you arrive in.

by **Mainer** » December 15, 2007, 4:30 pm

When returning to the USA, citizens are only allowed $10,000 USD thru customs. That is a question on the declaration form you must sign. I do not know if that pertains to visitors to the USA. Anyone know the answer?

by **Mainer** » December 15, 2007, 5:01 pm

When returning to the USA, citizens are only allowed $10,000 USD thru customs. That is a question on the declaration form you must sign. I do not know if that pertains to visitors to the USA. Anyone know the answer?

by **laphanphon** » December 17, 2007, 4:19 pm

10,000 allowed, 'WITHOUT' reporting. can bring in/take out more, but must report to IRS.

by **wokkawombat** » December 17, 2007, 9:50 pm

I have the Australian Cross Border Movement-Physical Currency $10,000 or more form CBM-PC(C)-Form53 (Dec2006) in front of me now.
It states, Complete this form if you are carrying Australian or Foreign currency that is not less than AUD $10,000 in value. Currency is defined as the coin and paper money of a country and does not include travellers cheques/other monetary instruments.

I have declared AUD$ 12,000 cash plus 20,000 cash Thai Baht without any problems.

John

Tourists to Thailand limited to 20,000 dollars in cash

Tourists to Thailand limited to 20,000 dollars in cash

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