How much cash is allowed to be taken out of Cyprus?

Pursuant to European anti-money laundering regulations, amounts up to EUR10,000 can be brought into Cyprus without being declared. Sums that exceed the above value are subject to customs declaration. Certain limitations with respect to the transportation of cash, gold and easily-sold goods are expected to be introduced shortly.

Just recently, Larnaca police have seized and arrested a man, who was trying to take out over 20,000 euros in cash.