The limit for cash that can be brought into the Maldives without declaration at the point of entry has been decreased from USD 20,000 to USD 10,000.
Maldives Customs Services announced that, effective 17th January 2021, cash values of USD 10,000 or more, or its equivalent, in either Maldivian Rufiyaa or as foreign currency, must be declared to Customs at the point of entry.
Prior to the change currently being implemented, USD 20,000 could be brought into the Maldives without the law necessitating the submission of a cash declaration form.
Therefore, parties who wish to enter the country with an amount greater than USD 10,000 as cash are now legally required to submit a cash declaration form to Customs, irrespective of whether the funds are being carried as Maldivian Rufiyaa or foreign currency.
A cut-off amount for cash that can be brought into the country without declaration was first established under article 24 of The Prevention of Money Laundering and Financing of Terrorism Act.