Guest wowpow Posted June 18, 2007 Posted June 18, 2007 BoT warns of new EU currency rules The Bank of Thailand has warned Thai nationals to take care in moving large sums of money into the United Kingdom and the European Union. Nitaya Pibulratanagit, the central bank's assistant governor in charge of supervising the financial markets, said the bank had been kept informed by the Foreign Ministry that the UK is now enforcing a new law that controls the influx and outflow of foreign currencies such as that of the EU, effective from June 15. Accordingly, the assistant governor said, Thailand's central bank has sent letters to inform commercial banks, foreign bank branches, and state-owned specialised banks of the new policy. Under the law, persons travelling in and out of EU countries, including the UK, with foreign currencies in the form of bonds, coins, drafts, and checks amounting to 10,000 euro (about Bt440,000 or 6,800 British pounds), must show evidence to customs and revenue department officials. Those violating the law will have their money seized and be subject to further investigation. (TNA)- Bangkok Post I wonder just what was in the 21 suitcases that Mr Taksin took on leaving Thailand. Quote
