How much cash can I bring in?

Can anyone tell me how much cash it is legal for me to bring with me into Nicaragua when I fly in?

Searched the Nica government websites and could not find an answer.

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Note if you are traveling with a family member, spouse,

children, and you are on the same customs form it is $10 K combined, not each.

You will be more disappointed by the things that you didn't do than by the ones you did do.

...

Karen, I don't quite understand your post. Do you mean there is a $10K limit per family on the same visa flying into Nicaragua or flying out of the US or Canada?

Limit when you must declare

The immigration form is per person. The customs form is for your "group". So, if your group is bringing in more than $10k total then, yes, it must be declared.

I would be more worried about the US end (if there is a US end). I recall one case where someone has gold -- something like $60k as I remember -- and declared on departure. It was confiscated because the person could not produce receipts for all of it. I believe this happened in either Houston or Dallas.

Well, what's the difference between gold and $100 bills? That is, you could be asked to produce a receipt for your $100 bills.

confiscation

From what I understand they don't need a reason to confiscate money, they can do it pretty much just because they want to. It is very hard to get it back. I have heard some people have had to go to court to get their money back.. I guess the war on drugs takes precedence over individual rights.

1st Capt. Ron

(Title by Miskito Alan)

Yeah

9 million in hockey bags was pushing it a bit, declared or not.

you?

Is this you? http://news.yahoo.com/man-arrested-153-000-nashville-airport-204953710.h...

You can bring any amount in with you, there is no limit--you just have to declare it when you enter the country!

Canada will know at the time you leave

If you are carrying a total of CAN$10,000 (or its equivalent) or more - in coins, domestic and foreign bank notes, securities such as travellers cheques, stocks and bonds - you must complete a Cross-Border Currency or Monetary Instruments Report - Individual Form E677

That is Cross Border - Taking Out and Bringing In http://canadaonline.about.com/gi/o.htm?zi=1/XJ&zTi=1&sdn=canadaonline&cd...

What happens with the information you give us?

Congratulations, the $12,000 for Pedros truck has just got you on the radar of those investigating the Proceeds of Crime (Money Laundering) and Terrorist Financing Act....

http://www.cbsa-asfc.gc.ca/publications/pub/bsf5052-eng.html

And this is why I have

And this is why I have always just done a wire transfer. They will know anyway and I think it is better to have a real document that says "to buy Pedro's truck" filed in the banking system than deal with someone at the border who might be having a caca day.

The other consideration is that I don't like the idea of handing someone I don't know a piece of paper that says "I have $12,000 (or whatever) in my pocket/luggage and then walking outside to look for a cab.

...

As someone who is scrupulous about respecting the laws of the Republic of Nicaragua as well as my home country, and who wants to be entirely transparent about how I transfer money across borders, I would like to thank all of you who have taken the time to reply to this thread. All the posts have been very informative and helpful.

dinero

I think you can bring as much as you want as long as you declare it.

1st Capt. Ron

(Title by Miskito Alan)

The new ADUANA form says that right on it

It says "You can bring in what you like but if its over US$10,000 you must declare it. Failing to do so is a crime".

http://transnica.com/rutas-y-tarifas/documentos-de-aduana-y-migracion/

Obviously you may get the red light at customs when they see that you have checked more than $10,000 and as well, your home country will likely eventually get to know about it through the UAF, see below.

The way they see it is that in this day and age, you don't need to be doing cash transfers.

http://www.dga.gob.ni/preguntadetalle.cfm?recordID=56

They got you leaving Nicaragua now too:

Cleaner Money – As of January 1st 2014, an additional customs form will be required to be completed by persons leaving Nicaragua. The declaration is part of the new money laundering law administered by the Financial Analysis Unit legislation (UAF by its acronym in Spanish). The questions will be familiar to most travelers (Are you carrying more than US $10,000 etc.) but the formality now is that the information is being required by Nicaragua whereas before it was required by the country you were coming from or going to.

...

So the concensus of this thread appears to be:

You can bring in any amount. If you bring in more than $10,000 you must declare it and the home country will probably find out. Have I got that right?

Yes and a cynic would say

Give those boys at the airport one reason, just one reason, like the wrong look or dare I say; Mike on a bad day :)...and bingo they could seize that money for "further inquiry's" or any other BS reason.

They know you're good for few bucks to resolve the issue...its right in front of you!!

I would not chance it.