Wednesday, December 26, 2012

Egypt imposes currency limits / Malaysia currency limits

If you are travelling to Egypt, you may want to take note of their new ruling on currency limits.

The Star reported today that:

Egypt has banned travellers from carrying more than US$10,000 in foreign currency in or out of the country, as officials worry over pressure on its pound currency and a rush by Egyptians to withdraw their savings from banks.

Political turmoil over the past month has raised fears among ordinary citizens and investors that the government - which has pushed back talks to seal IMF funding till January - may not be able to get its fragile finances under control.
More..Egypt imposes currency limits

Malaysia also has currency limits. Check out the Royal Malaysian Customs website for guideline on Permitted Currency Limits.

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