Foreign-exchange regulations

Since 1988 all payments to and from Denmark have been fully liberalised. This means that there are no restrictions on taking banknotes and coins out of or bringing them into Denmark, nor on other external transactions, including loans from and deposits with foreign banks, or portfolio investments and direct investments.

Due to increased focus on measures to prevent money laundering and financing of terrorist activities, the Danish Customs Act was amended in 2002 to include a provision that anyone who enters or leaves the Danish customs area carrying money, etc. exceeding 15,000 euro in value shall at their own initiative go through a customs check and shall declare all money, etc. to the customs and tax authorities. As from 15 June 2007 the above amount is 10,000 Euro. The expression "money, etc." comprises cash, as well as bearer papers such as traveller's cheques.