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I first heard of the money limits when I started travelling in the early 90s. I've heard several excuses for the law, ranging from "it protects us from drug trafficers" to "it protects us from counterfeiters".
Interstingly, it's also illegal to make any cash transaction of $10k and over, unless an IRS Form 8300 is filed.
Did you pay cash for that $12k 911?
Unless you filed an 8300, then the terrorists win.
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The souls of the righteous are in the hand of God, and no torment will ever touch them.
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