Philippine Central Bank’s new policy on Philippine currency

Following is a circular from the Bankgo Sentral ng Pilipinas (BSP) Cir. No. 922, Series of 2016, dated 23 August 2016 entitled, “The Amendments of the Rules on Cross-Border Transfer of Local Currency”.

The amount of legal tender Philippine currency that may be imported (brought in) or exported (brought out of) the Philippines physically or electronically without prior authorization has increased from PHP10,000.00 to PHP50,000.00. The new policy became effective on 15 September 2016.

Read the full circular –> Bangko Sentral Amendments of the Rules on Cross-Border Transfer of Local Currency.

 

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