When private individuals are in the customs post and have money on them, the amount must be declared to the custom authority. The sum of up to €10,000 or its equivalent in all the currencies is declared optionally. If the sum is higher, the written declaring of the amount is mandatory, IPN reports.
“When a person intends to take money out of the country through the customs post, they should familiarize themselves with the rules of taking currencies into the Republic of Moldova and with the rules of taking money into the country to which they travels,” said Natalia Bordea, senior inspector of the Customs Control and Trade Facilitation Division.
The sum of up to €10,000 or its equivalent in all the currencies is declared optionally by the person, for example when this needs confirmation from the customs authority of the fact that this money was taken into the country. At the request of the functionary, the person must verbally declare the sum.
The person must mandatorily declare in written form the sums higher than €10,000 or the equivalent in all the currencies. The customs authority issues a certificate showing that the money is introduced into Moldova legally.
The total value of cash that can be taken out of Moldova is of €50,000 or its equivalent. If the sum is higher than €50,000, only bank transfer is permitted. For values of €10,000 to €50,000, the National Bank of Moldova’s permission to take this money out of Moldova and the customs authority’s certificate showing that they money was taken legally into Moldova are needed.
Private individuals can take money into or out of Moldova regardless of age, but the owner must be aged 16 and over for being able to declare the amount in written form.
On Monday, the border police, in cooperation with customs officers, found undeclared money in the baggage of a nonresident passenger of the Chisinau-Sharm el Sheikh flight. The US$27,000 was seized and the case is further examined. The undeclared sums that exceed €10,000 are liable to confiscation.
