Cash Declaration Limit Changed

The Maldives Monetary Authority, on 17 January 2019, published the first amendment to the Regulation on Cross Border Currency Declaration Amount.

The changes introduced now require passengers travelling with USD 20,000 or more, and are travelling to or from the Maldives, to report that amount with the Maldives Customs Service. This rule applies to Maldivian Rufiyaa or foreign currency equivalent to, or exceeding the dollar value specified in the Regulation. Prior to this change, the amount to be declared was USD 30,000 or more.

The changes under the amendment are effective from 17 January 2019 onwards.

(Image by