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"I think the limit will be quickly raised." I can't think of a single instance of regulation where a limit has ever gone up with inflation, or for any other rea
by RichardHeart 9y ago
"I think the limit will be quickly raised." I can't think of a single instance of regulation where a limit has ever gone up with inflation, or for any other reason, ever. 10k limit across borders for, uh 30 years? It gets more harsh, not less.
EU: "Cash controls - New proposal
On 21 December 2016 the Commission proposed to extend the already existing controls on amounts of cash entering or leaving the Union equal to or in excess of 10.000 euros.
The measures will extend cash controls to unaccompanied cash such as cash sent in postal parcels or freight consignments
and to precious commodities such as gold, which serve as 'quasi-cash' and are used to circumvent the obligation to declare.
The proposed changes will improve the exchange of information between competent authorities at national level and between Member States
and allow them to act on amounts lower than the declaration threshold, provided that there are indications of criminal activity."