Rules:Bringing of currency into or out of the Philippines

By | August 8, 2018

Posted here below is the rules on the bringing of currency (local or foreign) into
or out of the Philippines.

 

Rules on the bringing of local currency into or out of the Philippines:

bringing of currency,philippine currency

Rules: Bringing of Currency into or out of the Philippines | Image Credit | BSP

 

If you are bringing Philippine Money into or out of the Philippines in the amount
of Php50,000, there is no need to get a prior written authorization from the
Bangko Sentral ng Pilipinas or BSP.

 

If you are bringing Philippine money into or out of the Philippines in the amount
of more than Php50,000, you are required to get a prior written authorization from
the Bangko Sentral ng Pilipinas (BSP).

 

Authorization is issued by the BSP only for
1. Testing/Calibration of money counting/sorting machines
2. For Numismatics (collectors of currency)/educational purposes

 

Rules on the bringing of foreign currency into or out of the Philippines:

 

If you are bringing foreign money into or out of the Philippines in the amount
not exceeding Php10,000 US dollar, it is allowed.

 

If you are bringing foreign money into or out of the Philippines in the amount
exceeding or more than Php10,000 US dollar, it is allowed but you must declare it
using the Bureau of Custom form (BOC form).

 

The Bureau of Customs (BOC) declaration form is available at the BOC desk in the
arrival and departure areas of all international airports and seaports in the
Philippines.

 

The form may be downloaded from the fx manual which is posted at the BSP website.

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