Various regulations govern the transportation of cash into and out of Thailand, depending on whether you’re dealing with a foreign currency or the Thai Baht.
While these regulations are clearly outlined, few travellers bother to check, and some end up falling foul of the law.
If you’re planning a visit to Thailand in the near future, refer to this guide to understand how these money control regulations affect you.
The Reasons Behind Currency Control
Countries such as Thailand limit the amount of currency you can bring in primarily to regulate financial flows and prevent illicit activities. Here are some reasons why such limits are imposed:
- Prevention of Money Laundering: Limiting the amount of currency that can be brought into a country helps authorities track and monitor financial transactions. It reduces the risk of criminals laundering money obtained through illegal activities.
- Control…
