Foreign citizens who enter the Republic of Serbia can bring in effective foreign currency into the country without restrictions, but they are obliged to declare the amount of effective foreign currency that exceeds the amount determined by the law regulating the prevention of money laundering and terrorist financing, i.e. the amount over 10,000 EUR (per person) or the equivalent of this amount in another foreign currency, to the competent customs authority (when crossing the state border), which issues a certificate on the declared funds.

Non-residents are advised to keep the mentioned certificate of declared funds, since, if they later want to take the entered funds out of the country, they can do so only by presenting this certificate to the customs authorities, which proves that they previously declared the stated funds when entering the Republic of Serbia. The competent customs authority cancels this certificate on their first exit from the country. The aforementioned confirmation is also necessary if a non-resident wants to pay these funds to a bank account.

Also, a non-resident natural person can take effective foreign currency above 10,000 EUR out of the Republic of Serbia if they have withdrawn these funds from a foreign currency account with a bank in Serbia - based on a confirmation from a domestic bank, i.e. if they have previously paid these funds with an attached customs certificate or acquired them through sale of dinars obtained by previous use of a payment card in Serbia - based on the exchange officer’s certificate.

It is important to emphasize that if, when leaving the country, non-resident natural persons do not possess the above-mentioned certificates, the competent customs authorities can temporarily confiscate funds in the amount of more than 10,000 EUR from these persons, with the issuance of a corresponding certificate, after which proceedings are initiated against these persons before the competent court, which, in addition to fines, can also impose a measure of partial or complete confiscation of the funds in question.

The transfer of effective foreign currency from and to abroad is regulated by the Law on Foreign Exchange Operations and the the Decision on the Conditions for Effecting Personal and Physical Transfers of Means of Payment to and from Abroad ("Official Gazette of the RS" Nos. 67/2006, 52/2008 and 18/2009).