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Travellers can now bring more cash into Mongolia www.news.mn
When travelling, it makes sense to many people to carry some cash. Most countries have laws about how much cash you can cross their borders with. As for Mongolia, travellers may bring up to MNT 15 million in currency, coins and specific monetary instruments without having to make a customs declaration. According to the Mongolian Custom Agency, the limit of cash money to bring up country was MNT 5 million; it now has been raised by three times. Please note, today’s exchange rate is MNT 2730.91 to the dollar.
If you bring more than the limit into the country, this must be notified to customs, otherwise you will be fined or, worse still, risk having your money confiscated.
The purpose of the customs cash limit is to catch criminals and prevent money being used to fund illegal activity like money laundering or drug trafficking.
Published Date:2019-12-23
