Inland movement of foreign currency worth more than $10,000 banned

[TNT]

oh, so this does not include bank transfers?

What about if i take 11,000 dollars cash to a currency exchange guy?

Bank transfers are allowed coz they can be traced.
Where would u get 11000$ cash??? If u r getting it as a profit of a business, y not use banking channels which are safe? If ur not, this creates suspicion that ur hiding something. Only ill gotten money is kept as cash. If u take such an amount, u will be asked question and interrogated n maybe fined if tht money is legal. If illegal, it will be confiscated.
Actually in Pakistan, kickbacks and commissions are paid in cash to avoid scrutiny.

 

[ARMalik]

Fellows, I am now convinced that the IK government is nothing more than the fake Junta installed by the real puppet masters - the World banking Cartel. Just like the previous puppet governments in Pakistan. I don't say this lightly but there has been a Global Agenda by the Elite to control CASH everywhere. The Flow of cash is vital for many reasons. Some of these reasons are:

-Cashless Society
-Negative Interests rates where the banks actually charge the Customer for keeping the money in the bank.
-Bank Bail-ins where People would be unable to take out a large amounts of cash before a Bank is declared insolvent so that the money of the Customers is used to Bail-In the bank.
-And so on.

The very fact that a Sovereign nation Called Pakistan is giving up the basic right of an individual to do whatever with his/her cash, is clear evidence that IK and people before him are nothing more than pathetic Slaves of these Elite Banking Cartel.

Here is a link to IMF where is clearly explains why Cash needs to be controlled. As you all know IMF is a Rothschild Institution. Day by day, the evidence is becoming greater that Pakistan people are being led to a slaughter house.

https://blogs.imf.org/2019/02/05/cashing-in-how-to-make-negative-interest-rates-work/

 

[313ghazi]

Fellows, I am now convinced that the IK government is nothing more than the fake Junta installed by the real puppet masters - the World banking Cartel. Just like the previous puppet governments in Pakistan. I don't say this lightly but there has been a Global Agenda by the Elite to control CASH everywhere. The Flow of cash is vital for many reasons. Some of these reasons are:

-Cashless Society
-Negative Interests rates where the banks actually charge the Customer for keeping the money in the bank.
-Bank Bail-ins where People would be unable to take out a large amounts of cash before a Bank is declared insolvent so that the money of the Customers is used to Bail-In the bank.
-And so on.

The very fact that a Sovereign nation Called Pakistan is giving up the basic right of an individual to do whatever with his/her cash, is clear evidence that IK and people before him are nothing more than pathetic Slaves of these Elite Banking Cartel.

Here is a link to IMF where is clearly explains why Cash needs to be controlled. As you all know IMF is a Rothschild Institution. Day by day, the evidence is becoming greater that Pakistan people are being led to a slaughter house.

https://blogs.imf.org/2019/02/05/cashing-in-how-to-make-negative-interest-rates-work/

Isn't this limit on foreign currency though, and not domestic currency. I'm not sure i properly understand what it is they're trying to do here. The more i've read of this discussion, the more confused i've got.

 

[Code_Geass]

i don't know how effective this policy decision would be in implementation, but all these policies are required to get us out of grey list of FATF.

 

[Verve]

Fellows, I am now convinced that the IK government is nothing more than the fake Junta installed by the real puppet masters - the World banking Cartel. Just like the previous puppet governments in Pakistan. I don't say this lightly but there has been a Global Agenda by the Elite to control CASH everywhere. The Flow of cash is vital for many reasons. Some of these reasons are:

-Cashless Society
-Negative Interests rates where the banks actually charge the Customer for keeping the money in the bank.
-Bank Bail-ins where People would be unable to take out a large amounts of cash before a Bank is declared insolvent so that the money of the Customers is used to Bail-In the bank.
-And so on.

The very fact that a Sovereign nation Called Pakistan is giving up the basic right of an individual to do whatever with his/her cash, is clear evidence that IK and people before him are nothing more than pathetic Slaves of these Elite Banking Cartel.

Here is a link to IMF where is clearly explains why Cash needs to be controlled. As you all know IMF is a Rothschild Institution. Day by day, the evidence is becoming greater that Pakistan people are being led to a slaughter house.

https://blogs.imf.org/2019/02/05/cashing-in-how-to-make-negative-interest-rates-work/

Anyone who is not involved in money laundering or tax evasion should have no issues with these restrictions.

I get paid in my bank and I spend on card. Barely need to carry cash.

Keep gold or silver for worse case scenario. Paper currency ultimately is mere paper, whether held in hand or at bank!!

 

[Baz]

Goodness Gracious, stop the madness guys. Stop bickering, you guys are so used to the zardari and nawaz and the status quo. so STFU

 

[maithil]

Intention behind this seems to be noble. But then pathway to somewhere is paved with nice intentions. More and more restrictions on what people can do with their own money.

 

[Rizwan Alam]

The govt is still very soft.. More than 2500$ should not be allowed.

 

[Sugarcane]

Good move

 

[AZADPAKISTAN2009]

10,000 Limit was in place in North America for while every transaction over 3,000-5,000 is tracked and reason is asked move of such cash

 

[Syed1.]

Don't want to pay taxes. Don't wont to curb money laundering. Don't want to comply with international law. Don't want to get out of FATF grey list.



But want to cry that Pakistan is poor, underdeveloped third world country. Congratulations Pakistanis you have outdone yourself.


To give you an example, in Canada if I have to withdraw a large amount of my own money from a bank that I earned lawfully from my declared employer I have to show two pieces of ID and the bank does a little background check where the money that is being withdrawn came from. I also have to let them know where the money is going to be used because it is a cashless society and using cash for large purchases is unheard of. My uncle works in the white collar crime department of a bank he let me in on a secret that if a bank account sees an unusually large amount of bank withdrawal which isn't the norm then that account gets flagged and their department is tasked for monitoring all activity in that account for the next little while. They have caught many tax evaders and launderers using these methods.