YEREVAN. – The maximum amount of cash money with which entry into Armenia will be permitted has been reviewed in the context of the Customs Union (CU).  

Daniel Azatyan, Director of the Financial Monitoring Center of the Central Bank of Armenia, stated the aforesaid at a press conference on Monday. 

According to Azatyan, the respective amount is €15,000 at present.

“The $10,000 limit is set for the CU and various countries, alike; that’s why the reviewing of our limit is expedient for us, too,” he informed. 

And if someone enters Armenia with a greater cash amount, he will have to submit additional documents. 

Just as in the past, the aforementioned limit is applicable solely for the cash amounts entering Armenia. In the case of movable property, however, the State Revenue Committee specifies the calculation of this property’s customs charge as well as the necessary payments of its customs duties and value added tax.