Quote:
Originally Posted by etsys
as hayhay1 said, rule applies only when bringing in, as peso
taking out no issue, just dont' let the customs fellow sweet talk you into sharing you extra peso (well, even thousands can be extra, after all foreigner rich what .. )
|
just to double confirm , i saw this online , or is the info outdated?
Currency Regulations
It is illegal for any incoming or outgoing passenger to bring in or out Philippine Pesos in excess of P10,000.00 without prior authoirty from the Bangko Sentral ng Pilipinas. Any violation of this rule may lead to its seizure and civil penalties and / or criminal prosecution. (BSP Circular 98-1995)
The transportation of foreign currency or monetary instruments is legal. However, the carrying of foreign currency in excess of US$10,000.00 or its equivalent in other foreign currencies must be declared to a Customs Officer or the Bangko Sentral ng Pilipinas. VIolation of this rule may lead to seizure and sanctions, fines and / or penalties.