Prohibiting 'base currency' - SailNet Community
 
LinkBack Thread Tools
post #1 of 6 Old 04-02-2012 Thread Starter
Member
 
joelsanda's Avatar
 
Join Date: Aug 2011
Location: Colorado
Posts: 73
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 4
 
Prohibiting 'base currency'

I was looking over the Information for Cruisers and Yachties document, published by the Kiribati government. The first item in their list of Prohibited Imports:
  • Base or counterfeit coin, currency or banknotes of any country

I'm guessing this means you can't bring in foreign currency with the intent to import? How do you import currency?

Can anyone with cruising experience explain this to me? Obviously they're not going to whine about bringing in a wad of bills, or are they? Are they really saying you can't bring in money from another country, or is the distinction here "importing", which means ... ?

Thanks :-)
joelsanda is offline  
Quote Quick Reply Share with Facebook
Sponsored Links
Advertisement
 
post #2 of 6 Old 04-03-2012
Senior Member
 
St Anna's Avatar
 
Join Date: Mar 2003
Location: Southern QLD, Bayside
Posts: 1,428
Thanks: 1
Thanked 1 Time in 1 Post
Rep Power: 13
 
Re: Prohibiting 'base currency'

Well, I assume the legalese of;
"Base or counterfeit coin, currency or banknotes of any country" intends - counterfeit, or abiity to counterfeit any currency.

There is usually a limit [both max and min] on currency brought into many countries

Are you intending to go through Kiribati?


To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
St Anna is offline  
Quote Quick Reply Share with Facebook
post #3 of 6 Old 04-03-2012 Thread Starter
Member
 
joelsanda's Avatar
 
Join Date: Aug 2011
Location: Colorado
Posts: 73
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 4
 
Re: Prohibiting 'base currency'

Yeah, I can understand the counterfeit part, but as far as I know base currency is used to refer to currency used to help valuate another one. I suppose my larger question is more financial than legal, which is how folks carry money when they cruise. I suppose banks are available, but when you're visiting smaller islands where they may not be an option it seems to me a stash of greenbacks is the way to go.

One day I'd love to enter the South Pacific through the Line Islands, but that's a few years away. Just keeping the dream alive by reading up on noonsite and various government sites with documents for cruisers :-)
joelsanda is offline  
Quote Quick Reply Share with Facebook
post #4 of 6 Old 04-03-2012
Senior Member
 
Join Date: Sep 2006
Location: Texas
Posts: 526
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 9
 
Re: Prohibiting 'base currency'

Perhaps they meant debased currency? As in the same sentence they stated "or counterfeit"

The Sun has Risen on a New Day filled with the Promise of Adventure.
CapnBilll is offline  
Quote Quick Reply Share with Facebook
post #5 of 6 Old 04-03-2012
Senior Member
 
itsaboat's Avatar
 
Join Date: Sep 2011
Posts: 235
Thanks: 5
Thanked 0 Times in 0 Posts
Rep Power: 4
 
Re: Prohibiting 'base currency'

I don't think it is "base currency", but "base coin" that is the problem. Coins historically were made from precious metals, such as gold and silver. Counterfeiters would make them out cheaper, or "base" metals and pass them off as genuine. A little googling brought up this excerpt from an 1897 publication.

Pearson 27
itsaboat is offline  
Quote Quick Reply Share with Facebook
post #6 of 6 Old 04-03-2012
Life is a wild ride!
 
Dean101's Avatar
 
Join Date: Apr 2011
Location: Kentucky
Posts: 409
Thanks: 6
Thanked 3 Times in 3 Posts
Rep Power: 5
 
Re: Prohibiting 'base currency'

Quote:
Originally Posted by joelsanda View Post
I was looking over the Information for Cruisers and Yachties document, published by the Kiribati government. The first item in their list of Prohibited Imports:
  • Base or counterfeit coin, currency or banknotes of any country

I'm guessing this means you can't bring in foreign currency with the intent to import? How do you import currency?

Can anyone with cruising experience explain this to me? Obviously they're not going to whine about bringing in a wad of bills, or are they? Are they really saying you can't bring in money from another country, or is the distinction here "importing", which means ... ?

Thanks :-)
I would read that to mean coin (or) currency (or) banknotes, as in a list separated by commas. The base I take to mean base metal coinage and the counterfeit to apply to legal tender notes (cash) or banknotes from any country.

Maybe they were trying to be concise but ended up with a confusing statement.
Dean101 is offline  
Quote Quick Reply Share with Facebook
Reply

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the SailNet Community forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.
Please note: After entering 3 characters a list of Usernames already in use will appear and the list will disappear once a valid Username is entered.


User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in









Human Verification

In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page



Similar Threads
Thread Thread Starter Forum Replies Last Post
Floating cities/books for currency? madcuddlar General Discussion (sailing related) 6 05-20-2010 03:39 PM
Stanchion base for Pearson 26 dbruce85 Gear & Maintenance 1 03-24-2008 07:27 PM
New Currency aasault Boat Review and Purchase Forum 9 11-17-2006 06:07 AM
foreign currency account Tinawburgess General Discussion (sailing related) 3 04-16-2002 10:01 PM

Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome