Currency amounts in - out of Thailand raised
December 13th, 2007 by admin
Currency amounts in/out of Thailand raised
Finance Minister Chalongphob Sussangkarn decided to double the amount of currency that can be brought in or taken out of the country undeclared to US$20,000 from US$10,000, Deputy Finance Minister Sommai Phasi said Wednesday.
According to Mr Sommai, the new restriction is a result from the expansion of economics and higher inflation.
He added that tourists from several countries including Russia like to use cash in addition to credit cards.
Individuals wishing to carry cash in or taken out of Thailand with the amount larger than the US$20,000 must report to authorities.
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