Thursday, March 12 2026 19:02
Naira Badalian

State Revenue Committee  tightens controls over cross-border cash

State Revenue Committee  tightens controls over cross-border cash

ArmInfo. Armenia's State Revenue Committee (SRC) has announced a permanent increase in oversight regarding the physical movement of cash across the  country's borders. The move aims to bolster financial transparency and  prevent potential violations.

According to the agency's press service, in January-February 2026,  more than 450 cases of cash import and export by individuals totaling  approximately $69 million were recorded or declared. Of this,  approximately $59.5 million was imported into the Republic of  Armenia, and approximately $9.5 million was exported from the  country.

SRC analysis shows that a significant portion of the cash was  imported from member countries of the Eurasian Economic Union. The  Committee reminds that any amount exceeding $10,000 USD (or its  equivalent) must be formally declared at the border. Although there  are no restrictions on the import and export of cash within the  Eurasian Economic Union or specific regulations, large-scale physical  transport of cash is flagged for risks related to money laundering  and illegal financial flows, and other violations.

The State Revenue Committee of the Republic of Armenia strongly urges  citizens to avoid physically transporting large amounts of cash and,  whenever possible, to use bank transfers-  the most secure and  transparent means for financial transactions.