Hi, is there any legal way to take 1 milion THB cash out of thailand by air? Including money exchange recip some kind of export licence, any idea? 

https://www.thaiembassy.sg/visa-matters-/-consular/bringing-currency-in-or-out-of-thailand

https://www.thaiembassy.sg/visa-matters-/-consular/bringing-currency-in-or-out-of-thailand

I saw that. Its silly. 50k THB

U can blow that in 1 night in LA.

Cant declare more?

There is no limit on the amount of Thai baht bank notes that may be brought into the country. A person traveling to Vietnam, the People's Republic of China (only Yunnan province) and Thailand's bordering countries is allowed to take out  up to THB 2,000,000. A person traveling to other countries is allowed up to THB 50,000.

Any person bringing into or taking out of Thailand Thai baht bank notes, foreign currency bank notes or negotiable monetary instruments in an aggregate amount exceeding 450,000 Baht or USD 15,000 or its equivalent must declare to a customs officer.

 

https://www.bot.or.th/English/FinancialMarkets/ForeignExchangeRegulations/FXRegulation/Pages/default.aspx

 

Foreign Currency

 

The travelers bringing foreign currency more than USD 20,000 or its equivalent into or out of Thailand are required to make a report to Customs. This report is required by the Ministerial Regulation (No. 25) B.E. 2530 issued under the Authority of the Currency Exchange Control Act B.E. 2485 and relevant regulations.

 

The Regulation and Notification require that the travelers bringing foreign currency into or out of Thailand, both a bank note and a coin, with the total aggregate value exceeding USD 20,000 or its equivalent, must report it to a Customs officer at a port/airport of entry or exit, using the given Foreign Currency Declaration Form. The travelers must complete, sign, and submit the Form to report their foreign currency where such currency are physically carried by a person arriving in or departing from Thailand, or where they form part of the person s baggage and that person and his or her baggage are being carried on board the same conveyance across the border.

 

A person who reports currency has to answer truthfully any questions that a border services officer asks about the information required for the report.

 

Thai Currency

The amount of Thai currency, in a form of banknote or coin, allowed to be brought outside the country shall not exceed 50,000 THB. In the case where Thai currency is carried out to Thailand's boarding countries, Vietnam and Yunnan District of China, the total amount shall not exceed 2,000,000 THB. However, the Thai currency brought out to the said countries in the amount of 450,000-2,000,000 THB. shall be declared to the Customs officers at the Customs checkpoint. 

 

http://en.customs.go.th/content.php?ini_content=departing_from_thailand&lang=en&left_menu=menu_departing_from_thailand

Edited June 15, 20188 yr by lkv

There is other way of doing it, with Thai National Bank paper or something, local exchange company licence, I know for a fact cuz theres a lot of indians doing business bringing THB to India my friend told me, and they doing it legaly, they will not tell u how tho ?  We called Thai National Bank and hey confirmed it, tho no details as woman was off that day. Thanks for help.

6 hours ago, Xaos said:

I saw that. Its silly. 50k THB

U can blow that in 1 night in LA.

Cant declare more?

only an ignorant would take out Thai Baht instead of Dollars, Euros or Pounds.

15 hours ago, Xaos said:

U can blow that in 1 night in LA.

 

 

Only if you are a complete arse!

15 hours ago, Xaos said:

I saw that. Its silly. 50k THB

U can blow that in 1 night in LA.

Cant declare more?

 

You know you're going to killed on the exchange, right?

I’ve been up the whole night trying work out why anyone would want to do that

21 minutes ago, Fairynuff said:

I’ve been up the whole night trying work out why anyone would want to do that

Something nefarious requiring cash in Thai baht probably.

So many ways to xfer electronically.

 

2 minutes ago, KCPhuket said:

Something nefarious requiring cash in Thai baht probably.

So many ways to xfer electronically.

I believe this poster runs a small chain of exchange booths. So not necessarily nefarious.

Yep

i went to money changer ,changed to currency of home country,declared at swampy,on the plane and off,declared at other end no problems.

1 minute ago, heybuz said:

i went to money changer ,changed to currency of home country,declared at swampy,on the plane and off,declared at other end no problems.

The OP is talking about specifically taking Thai Baht out of the kingdom. The stipulations are very different and far stricter than for non-Thai currencies.

 

You have therefore regrettably misunderstood the point of the thread and your comment is irrelevant. Please read threads carefully in future. We would like to take this opportunity to thank you for your interest.

ok,my mistake 55

Methinks the OP means a 1 mill. equivalent, only the brain dead would do otherwise.

 

To think of it, the limits were increased recently, now 2 mill. can be exported to southern Chinese provinces plus the limits to neighbouring countries is also increased to I believe, 500k.

Edited June 16, 20188 yr by simoh1490

To ur surprise its better exchange rates in India and customer wants take THB. He asked geniue question and looking for legal ways. Already Thai national bank told me its possible, just not sure how yet.

35 minutes ago, Briggsy said:

The OP is talking about specifically taking Thai Baht out of the kingdom. The stipulations are very different and far stricter than for non-Thai currencies.

 

You have therefore regrettably misunderstood the point of the thread and your comment is irrelevant. Please read threads carefully in future. We would like to take this opportunity to thank you for your interest.

will he be neutralized now?

34 minutes ago, Xaos said:

To ur surprise its better exchange rates in India and customer wants take THB. He asked geniue question and looking for legal ways. Already Thai national bank told me its possible, just not sure how yet.

You are incorrect, here are the BOT rules on this subject:

 

https://www.bot.or.th/English/FinancialMarkets/ForeignExchangeRegulations/FXRegulation/Pages/default.aspx

 

"A person traveling to Vietnam, the People's Republic of China (only Yunnan province) and Thailand's bordering countries is allowed to take out  up to THB 2,000,000. A person traveling to other countries is allowed up to THB 50,000".

I think your only legal avenue would be to get 20 people, say, a chinese tour group to take across 50000b each. Pay them a box of Dog flavoured noodles each. Job done.

Other than that, you could commit a small infraction that gets you a short holiday in the monkey house . Stuff 1m in tightly wrapped rolls in your prison wallet and then arrange a transfer to a prison across the border.

You gotta think outside the box. ?

Edited June 16, 20188 yr by Panda13

1 hour ago, whaleboneman said:

will he be neutralized now?

Only by his morning snifter.

Is the OP trying to say there is some sort of currency arbitrage existing between Thailand and India? That would be the only reason I could think of.

 

Den

4 hours ago, Fairynuff said:

I’ve been up the whole night trying work out why anyone would want to do that

did you later beat up your wife because you couldn't find a single valid reason?

2 hours ago, Xaos said:

To ur surprise its better exchange rates in India and customer wants take THB. He asked geniue question and looking for legal ways. Already Thai national bank told me its possible, just not sure how yet.

to your surprise... your statement is rubbish

You are incorrect, here are the BOT rules on this subject:
 
https://www.bot.or.th/English/FinancialMarkets/ForeignExchangeRegulations/FXRegulation/Pages/default.aspx
 
"A person traveling to Vietnam, the People's Republic of China (only Yunnan province) and Thailand's bordering countries is allowed to take out  up to THB 2,000,000. A person traveling to other countries is allowed up to THB 50,000".

This is for normal person.

They do it b2b with thai national bank exchange licence and some sort of document from them.

We already called and they confirmed tho lady who is responsible for it was off.

In the matter of fact i know from idian guy that many indians doing it legaly. B2B I just dont know details.

to your surprise... your statement is rubbish

No its not. Its a fact. U just don't know details.

2 minutes ago, Xaos said:

This is for normal person.

They do it b2b with thai national bank exchange licence and some sort of document from them.

We already called and they confirmed tho lady who is responsible for it was off.

In the matter of fact i know from idian guy that many indians doing it legaly. B2B I just dont know details.

Well I'm not normal and I can't do it! And I'm thinking that lady who is responsible for it might just be off for a really long time, like forever!

 

 

51 minutes ago, simoh1490 said:

Well I'm not normal and I can't do it! And I'm thinking that lady who is responsible for it might just be off for a really long time, like forever!

 

 

 

not normal i mean business to business with documents

 

Mate its Thai national bank, and again, do you understand what I said above? I know for a fact Indians doing it carring over 1mil! Not hiding it, legally, Thats what Im trying to find out, how they doing it.

 

Yes  you as a private person 50 000 thb maximum.

 

If you get documents which im not sure what kind of apparentely u can take more, and thats what they said over the phone.

 

 

1 minute ago, Xaos said:

 

not normal i mean business to business with documents

 

Mate its Thai national bank, and again, do you understand what I said above? I know for a fact Indians doing it carring over 1mil! Not hiding it, legally, Thats what Im trying to find out, how they doing it.

 

Yes  you as a private person 50 000 thb maximum.

 

If you get documents which im not sure what kind of apparentely u can take more, and thats what they said over the phone.

 

 

Mate, keep taking the meds 'cos you transferring THB outside of BOT regs, aint going to happen, unless you find an Indian flying rug......feel free to post again when that coin drops.

1 hour ago, simoh1490 said:

Mate, keep taking the meds 'cos you transferring THB outside of BOT regs, aint going to happen, unless you find an Indian flying rug......feel free to post again when that coin drops.

mate i got licence from BOT, and called them, and confirmed, monday will call again.