WORLD CURRENCY NOTES
WORLD CURRENCY NOTES

Import and Export of Cash in National Currency, as well as of Cash and Traveller’s Cheques in Foreign Currency by Individuals.
If you are planning on visiting any country, it is always helpful to be familiar with the rules governing the import and export of currency and other securities. In Republic of Moldova these issues are regulated by Law “On Currency Regulation” and Customs Legislation.
So, according to law, individuals – residents and non-residents of Republic of Moldova are entitled to:
1) to import, while entering into the Republic of Moldova, cash in national currency, as well as cash and traveller’s cheques in foreign currency without limits;
2) to export, while departing from the Republic of Moldova, cash in national currency, as well as cash and traveller’s cheques in foreign currency, in the total amount not exceeding 10000 euro (or their equivalent) per individual per trip, without the submission to customs authorities of confirming documents;
3) to export, while departing from the Republic of Moldova, cash in national currency,
as well as cash and traveller’s cheques in foreign currency, in the total amount of over 10000 euro (or their equivalent), but not exceeding 50000 euro (or their equivalent) per individual per trip, under the condition of submission to customs authorities of confirming documents for the amount exceeding 10000 euro (or their equivalent), and namely:
a) customs documents confirming the import of funds into the Republic of Moldova;
and /or
b) permissions to export funds from the Republic of Moldova, issued by licensed banks and /or authorizations to export funds from the Republic of Moldova, issued by the National Bank of Moldova.
The amounts exceeding 50000 euro (or their equivalent) may be transferred from the Republic of Moldova as payments and transfers to / from abroad, within the the capital currency operations.

In case of export from the Republic of Moldova by resident individuals and nonresident individuals of funds in foreign currency, other than euro or than the currency indicated in the permission /authorization to export funds from the Republic of Moldova and/or in the customs document confirming the import of funds into the Republic of Moldova, the equivalent of the amounts in the respective currencies shall be determined by applying the official exchange rate of the Moldovan leu fixed by the National Bank of Moldova valid as of the date of passing the state border of the Republic of Moldova.

The above is intended to provide a brief guide only. It is essential that appropriate professional advice is obtained. Our office will be glad to assist you in this respect. Please do not hesitate to contact us.

Related posts