Taking Money Out Of Philippines

[russianrobert]

Does anyone know the maximum amount allowed by customs to be taken out of the Philippines on one's person, in cash?

Cheers for any info.

[AdoboLove]

www.bsp.gov.ph/downloads/publications/faqs/fxregulations.pdf

6. Can a person bring in or take out of the country any amount of Philippine

currency?

A person may, without prior BSP approval, import or export, or bring in or take out

of the country, or electronically transfer, legal tender Philippine notes and coins,

checks, money orders or other bills of exchange drawn in pesos against banks

operating in the Philippines in amounts not exceeding P10,000.00. Prior

authorization from the BSP, through the International Operations Department, is

required for the export and import of Philippine currency exceeding P10,000.00.

7. Is there any restriction or limit in the amount of foreign currency that a

person may bring in or take out of the Philippines?

There is no restriction or limit on the amount of foreign currency that a person may

bring in or take out of the Philippines. However, any person bringing in or

taking out of the Philippines foreign currency, as well as other foreign

exchange-denominated bearer monetary instruments, (whereby title thereto

passes to another by endorsement, assignment or delivery), in excess of

US$10,000.00 or its equivalent must declare such fact in writing and furnish

information on the source and purpose of the transport of such currency or

monetary instruments using the prescribed Foreign Currency and Other

Foreign Exchange-Denominated Bearer Monetary Instruments Declaration Form.

The form is available at the Bureau of Customs desk in the arrival/departure areas of

all international airports and seaports. Failure to do so shall subject the violator to

sanctions, including confiscation of the foreign currency or monetary instruments

involved.

[russianrobert]

Thanks for the replies.