The Philippine Embassy in Phnom Penh wishes to inform all kababayans in Cambodia that the Bangko Sentral ng Pilipinas (BSP) has announced the amendment of rules on bringing Philippine pesos and/or other foreign currencies into or out of the Philippines, as follows:

1.         For Philippine pesos  (which include legal tender Philippine notes and coins, checks and money order and other bills of exchange drawn in pesos against banks operating in the Philippines):

a)         A person may bring into or out of the Philippines or electronically transfer Philippine pesos not exceeding PHP 10,000 without prior approval from the BSP;

            b)         For amounts in excess of PHP 10,000, prior BSP authorization is required.

2.         For foreign currency and other foreign currency-dominated bearer instruments:

a)       A person bringing in or taking out of the Philippines amounts in excess of US$10,000 or its equivalent in other currencies shall declare the same in writing using the Foreign Currency and other FX-Dominated Bearer Monetary Instruments Declaration Form.  The form is available at the Bureau of Customs desk at the arrival/departure areas of international airports and seaports.  It may also be downloaded from the BSP website (Annex K of the Manual of Regulations on Foreign Exchange Transactions).

3.     The above rules are applicable to a child traveling with his/her parents/guardians provided that (a) the child is physically present with the parent/guardian upon Customs inspection; (b) the total amount allocated per person, inclusive of the allotment for the child/children, should not average more than PHP 10,000; and (c) allocation of the pesos or foreign currency is explained to the authorities by the parent/guardian.

Further queries or clarifications may be addressed to:

                        International Operations Department

                        Bangko Sentral ng Pilipinas

                        Tel. No. (632) 708-7107 / Fax No. (632) 306-3091

update 20apr2015