Why you can’t take large amounts of cash out of the country?

The reasons are as follows:

1. Because currency has a certain limit in the circulation field of the country.

2. If citizens are not restricted from carrying their own currency out of the country, it will seriously affect the balance of payments and stock of the national currency, and seriously affect the national economy, so it must be strictly controlled.

3. Exceeding it will cause inflation, while being too low will lead to deflation and economic recession.

The current limit stipulated by the State Administration of Foreign Exchange for domestic residents to exchange foreign currency for RMB is that each person can only settle foreign exchange equivalent to 10,000 U.S. dollars per time with his or her valid identity document. If the amount exceeds this amount, foreign currency income needs to be provided. Proof of source. For example, if the foreign currency settled is overseas employment income, then you must provide overseas employment contracts, tax paid invoices and other supporting materials.

Extended information:

According to the provisions of the "Interim Measures for the Entry and Exit Management of Carrying Foreign Currency Cash":

1. "Permit for Carrying Foreign Currency Exit" (hereinafter referred to as The "Porting Permit") still uses the "Porting Permit" that has been in use since August 1, 1999, and is uniformly printed by the State Administration of Foreign Exchange. Each designated foreign exchange bank should go to the local branch of the State Administration of Foreign Exchange (hereinafter referred to as the foreign exchange bureau). receive.

2. Persons leaving the country can carry foreign currency cash out of the country, or they can carry foreign currency out of the country by remitting from banks or carrying money orders, traveler's checks, international credit cards, etc. in accordance with national financial management regulations.

If outbound personnel carry foreign currency cash not exceeding the equivalent of 5,000 U.S. dollars (including 5,000 U.S. dollars), they do not need to apply for a "Carrying Permit" and the customs will release it;

Outbound personnel carry If the amount of foreign currency cash exceeds the equivalent of US$5,000 to US$10,000 (including US$10,000), you should apply for a "Carrying Permit" from the designated foreign exchange bank, and the customs will inspect and release it with the "Carrying Permit" stamped with the seal of the designated foreign exchange bank;

In principle, outbound personnel are not allowed to carry foreign currency cash exceeding the equivalent of 10,000 U.S. dollars out of the country. Under any of the following special circumstances, outbound personnel may apply for a "Carrying Permit" from the Foreign Exchange Bureau:

1. A large outbound group;

2. A scientific expedition group that has a long overseas trip or a long journey;

3. A visit by government leaders;

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4. Outbound personnel going to countries with war-torn, strict foreign exchange controls, poor financial conditions or financial turmoil;

5. Other special circumstances.

3. Considering that foreign currency payment vouchers and foreign currency securities will be included in the bank management system, specific management measures will be formulated separately. Customs will no longer manage the entry and exit of entry-exit personnel carrying the above vouchers and securities.

4. The State Administration of Foreign Exchange and customs agencies at all levels should organize study and training on the "Interim Measures for the Entry and Exit Management of Carrying Foreign Currency Cash" and use various news media to widely publicize them in order to implement them. implement.

After receiving this notice, all branches of the State Administration of Foreign Exchange shall forward it to the branches, designated foreign exchange banks and relevant units under their jurisdiction as soon as possible; the designated foreign exchange banks shall forward it to their branches and branches as soon as possible; all directly-affiliated customs shall forward it to their respective branches as soon as possible. Jurisdiction over customs. If you encounter any problems during implementation, please provide timely feedback to the Current Account Management Department of the State Administration of Foreign Exchange or the Supervision Department of the General Administration of Customs.

Central People's Government-"Interim Measures for the Entry and Exit Management of Carrying Foreign Currency Cash"