Do cash exchange in Dubai report to your home country?

[jkk]

Hello,

I am wondering if the cash exchanges in Dubai report your exchanges to your home country, as they ask for passport and phone number.

Does anyone know?

 

[Sols]

No, they don't. They keep a record of it in case the Dubai authorities ever‌ have a reason to look into you. But there is no automatic reporting to your‍ home country.

 

[erni]

That's nice. Only problem is that it is⁠ difficult to leave Dubai without an airplane, which means you have to go through customs,⁤ which in turn limits you to a maximum of 10K euros.

 

[Sols]

Depends on where you fly in⁠ from. The official limit is 60,000 AED in UAE, which is around 15,000 EUR at⁤ the moment. But as recent news have shown, it's easy to bring in millions with⁣ the right connections. Look into Al Jazeera's reports on the "gold mafia" that came out⁢ earlier this year.

 

[Houdini]

https://www.aljazeera.com/news/2023...vered-by-al-jazeeras-gold-mafia-investigation
??

 

[Sols]

Exactly, that's it. They published a lot of articles‌ and videos about it, exposing how easy it was to move millions in gold into‍ Dubai via air. Just need to pay off the right people.

 

[santogrial]

Use crypto and easily transfer the money. Travel with 0$ if you want.

 

[andorra]

I think in Dubai there is no limit to bring in cash or you should‌ just declare it, should not be any difficulties in it
another problem is to deposit‍ into a bank account

 

[george1879564]

This is the limit only if⁠ you don't want to declare it, right?

 

[erni]

yes right.