Jun 22 2015

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How Much Money Can You Take into or Out of the Philippines

How much Currency can you take in or out of the Philippines

Most people know that there is a limit of US$10,000 or equivalent for money to be carried in or out of the Philippines.  It is a similar figure in most countries.

However what about Travellers Cheques or Philippine Pesos?

How much in Philippine currency can you take in or out of the Philippines

That figure is just 10,000 pesos, enough to last you a day or two when you arrive.

How much in Travellors Cheques can you take in or out of the Philippines

The answer to this appears to vary, depending on what part of the Philippine Government you listen to…. Or more appropriately as to whether you have got on the plane yet.

If you read a Philippine Consulate website you see this:

Residents and Non-residents: local currency (Philippine Peso-PHP): up to PHP 10,000.-. Exceeding amounts require an authorisation from the Central Bank of the Philippines. foreign currencies : up to USD 10,000.-, or its equivalent. Amounts exceeding USD 10,000.-, or its equivalent must be declared.
Note: Only banknotes and coins, which are legal tender must be declared (travelers checks, credit cards etc. are exempt from declaration requirement).

So you think… Hmm travelers checks are exempt. That’s good.

But, then you are on the plane and you get the “Customs Declaration Form” which says:

3: Are you carrying foreign currency or other foreign exchange denominated bearer negotiable monetary instruments (including travelers checks in excess of US$10,000 or its equivalent?

So, which is right ? Well it is too late now. You have to fill in the “Customs Declaration Form”, or argue with Philippine Customs..

Play it safe is often best.

From the Philippines Consulate in Canada

Philippines Customs declaration rules

then the form to fill in on the Plane:

From the Philippines Department of Finance: Bureau of Customs, 2015

Philippines Customs declaration form

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