As of 3 June 2021 any person entering or leaving the European Union with 10,000 euros or more must include in the Cash Declaration not only cash and monetary instruments, but also gold in the form of coins of 90% fine or higher, and gold bars, nuggets or clumps of at least 99.5% fine.
As for cash the definition has been extended to include banknotes and coins out of general circulation but that can still be exchanged at a financial institution or central bank.
A cash disclosure may be requested when Customs authorities detect EUR10,000 or more – according to the new definition – being sent by post, freight or courier.
The new rules authorize customs authorities to act on amounts lower than EUR10,000 when there are indications that it is linked to criminal activity.
Source: European Union
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