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To: baystock who wrote (73230)7/10/2001 10:12:31 PM
From: Box-By-The-Riviera™  Respond to of 116753
 
good. but i'm not sure what you question is.



To: baystock who wrote (73230)7/11/2001 3:46:25 PM
From: t4texas  Read Replies (2) | Respond to of 116753
 
amazing input from germany about dm to dollar conversions across the borders

a german friend living in germany wrote that if people bring their "black money" cash (non-tax paid DM) to a bank they have to fill in an "anti-money laundry" form which will very likely get them in trouble with the finance authorities. that is they will be fined and will have to pay back a very substantial amount of taxes. And since the DM can be changed to Euro at the central banks only from 2002 on they are REALLY in SERIOUS Time trouble.

The "anti money laundry form" must be filled in for cash money values starting at 30000 DM (~15000 US$). So it takes a while to convert it (if you have a lot of it).

t4texas editorial: AMAZING INPUT: the german customs/tax agents can stop apparently anyone on the street and search for the amount of cash they are carrying on their person-- "You can estimate how serious the money laundry issue is regarded in germany by the fact that customs officers are allowed to check how much cash money people in the street carry in their pockets."

Especially the borders to Switzerland, Luxemburg and Liechtenstein are subject to investigations on frequent travelers.

could this help the strength of the dollar a bit also :-)