Bringing Currency into the Philippines

BRINGING IN AND TAKING OUT OF FOREIGN CURRENCY IN EXCESS OF US$10,000.00

No permit is required from the Bangko Sentral ng Pilipinas to bring in to or to take out from the Philippines of foreign currencies.  However, foreign currency in excess of US$10,000 (or its equivalent in CHF) carried by the traveler must be declared at the Bureau of Customs Desk in the airport. This is pursuant to the Philippine Anti-Money Laundering Act of 2001.

Travelers arriving in the Philippines must submit to the Bureau of Customs Desk in the airport Arrival Area a Declaration Form stating the amount (foreign currency in excess of $10,000.00) being brought in. The source of the money (e.g., personal income) must be stated.

Travelers departing the Philippines must submit to the Bureau of Customs Desk in the airport Departure Area a Declaration Form stating the amount (foreign currency in excess of $10,000.00) to be brought in or taken out of the Philippines. The source of the money (e.g., personal income) must be stated.

BRINGING IN AND TAKING OUT OF THE PHILIPPINES PHILIPPINE CURRENCY IN EXCESS OF PHP10,000

The taking in and bringing out of Philippines of Philippine currency in excess of PhP10,000 is strictly prohibited, and anyone carrying in excess of the said amount must be given authorization by the Bangko Sentral ng Pilipinas (BSP) Cash Division.