Currency restrictions

• May-25-2024

  Argentina – Change in the currency and gold import-export regulations.

  The text of recent publications about currency import and export seem to indicate that now gold must also be included...

• Mar-24-2024

  Tunisia – New currency limits for travelers.

  The import or export of foreign currencies in amounts of or exceeding the equivalent of TND20,000 is subject to declaration...

• Apr-13-2023

  Bolivia – Scarcity of U.S. dollars creates “informal” market.

  In recent weeks it has became very difficult to buy U.S. dollars at the official rate in “casas de cambio”...

• Jan-10-2023

  Nigeria – Bank cash withdrawals limited to NGN20,000 per week for individuals.

  As of yesterday the Central Bank of Nigeria has limited cash withdrawals from bank accounts by individuals to NGN20,000 (=...

• Dec-22-2022

  Nigeria – Cash withdrawal limits increased.

  The Central Bank of Nigeria has increased the limits for weekly cash withdrawals for individuals to NGN500,000 (=USD700 or USD1,120...

• Dec-7-2022

  Nigeria – Cash withdrawals to be limited.

  The Central Bank of Nigeria has issued yesterday 6 December 2023 a letter to banks ordering them to limit over the...

• Sep-13-2022

  The Philippines – Customs Currency Declaration must be done online.

  Travelers arriving to or leaving  The Philippines must now file their Electronic Baggage and Currency Declaration online at ideclare.customs.gov.ph before arriving...

• Sep-13-2022

  Ethiopia – Changes in currency import-export rules.

  The National Bank of Ethiopia on 5 September 2022 has issued directives increasing the amounts of local and foreign currencies...

• Sep-1-2022

  South Africa – Import and redemption of obsolete banknotes restricted.

  Up to a few months ago South African Customs authorities were not strict in enforcing the rules that limit the...

• Aug-3-2022

  Cuba – Central Bank sets new exchange rate at CUP 120 per USD.

  As of tomorrow 4 August 2022 Banco Central de Cuba will set the buying rate for U.S. dollars at 120...

• Jul-15-2022

  Bhutan – Currency export rules modified.

  The Royal Monetary Authority issued in June new rules for currency export. While the import of amounts over USD10,000 or...

• Jul-1-2022

  Sierra Leone – ISO 4217 code for the redenominated monetary unit is SLE. Limits for exchanges.

  The code for the new redenominated Leone is SLE. One new Leon (SLE) is equal to 1,000 old leones (SLL)...

• May-19-2022

  Panama – Changes in the Customs currency declaration.

  Up to now a Customs declaration is required for persons arriving or leaving Panama’s airports, or crossing through Customs control...