Currency declaration requirement: arriving passengers must declare and document foreign exchange and present the form for conversion or Customs verification. The Currency Declaration Form (CDF) under Regulation 6 requires arriving passengers to declare foreign exchange in their possession unless the aggregate ... Summary
Foreign Exchange Management (Export And Import of Currency) Regulations, 2000
Currency declaration requirement: arriving passengers must declare and document foreign exchange and present the form for conversion or Customs verification.
The Currency Declaration Form (CDF) under Regulation 6 requires arriving passengers to declare foreign exchange in their possession unless the aggregate foreign exchange or the value of foreign currency notes falls below prescribed thresholds. The form must be produced to an authorised bank or money changer when converting or reconverting currency. Passengers who do not encash all declared foreign exchange must retain the form to present to Customs on departure for removal of unutilised balances. The form captures passenger identity, itemised currency and travellers' cheque values, a Customs officer's certification, and an endorsement area for encashment details by the bank or money changer.
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