Regulatory Alerts2001-11-23
Regulation Dealing with the Physical Movement of Foreign Currency Bank Notes
The Central Bank of Liberia issued Regulation CBL/SD/15/2001 to govern the physical movement of foreign currency banknotes into and out of Liberia without imposing exchange controls. Outbound travelers may carry up to US$7,500 in foreign cash without declaration, while inbound physical currency exceeding US$10,000 must be declared to the Central Bank. Carrying undeclared or under-declared amounts above the threshold incurs a penalty of at least 25 percent, and the regulation took full effect on November 23, 2001.
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