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|Wednesday, August 01, 2001, updated at 15:16(GMT+8)|
Xiamen Customs Seizes Large Sum of Undeclared CashCustoms officers at the airport of this eastern coastal city have seized an equivalent of 12 million yuan (about 1.45 million US dollars) in undeclared cash carried by travelers so far this year.
A spokesman for the Xiamen customs said that with the increase in financial exchanges with other countries, more Chinese and foreign currencies are flowing in and out of China.
"More travelers are taking undeclared cash with them upon entry and exit, most of whom are Singaporean or Chinese citizens working and studying overseas," said the spokesman.
He said most of these travelers were either ignorant of the relevant rules and regulations, or were attempting to avoid the trouble of the necessary declaration formalities.
However, the spokesman warned that some "cash smugglers" have been reported on the route from China to Singapore. "These smugglers, who are either individuals or groups, make a profit by taking large sums of cash illegally into and out of China for other travelers," he said.
The spokesman said these smugglers have seriously damaged China 's economic and financial order and the Xiamen customs are stepping up efforts to crack down on such acts.
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