Travel Currency Declaration Rules

In Issue 51 of the Official Gazette, a ministerial decree was issued that includes new measures for declaring currency when traveling. The decree states that declarations must be made in writing upon entering or leaving the country through customs offices, using a completed and signed form by the traveler, with the declaration submitted electronically before arrival. The declaration covers all forms of payment such as cash, banknotes, valuables, bonds, as well as precious metals and gemstones. Non-residents sending amounts not spent in Algeria are required to submit an approved declaration upon entry, along with proof of currency exchange transactions through a bank or exchange office. Additionally, the declaration data must include information about the traveler’s identity, travel documents, the source and destination of the funds, and the involved parties. Cases of false or incorrect declarations must be documented, and this data will be exchanged with relevant authorities to combat money laundering and terrorist financing.

Size: 120%Text Size

Notice: This Is an AI-Generated Summary

Display The Full Article