23 November 2016

The DFA wishes to inform the public that the Monetary Board of the Bangko Sentral ng Pilipinas has approved the issuance of Circular No. 922 Series of 2016 increasing from Php 10,000.00 to Php 50,000.00 the amount of legal tender Philippine currency that may be imported/brought in and/or exported/brought out of the country physically or electronically without prior authorization from the BSP.

This is part of the continuing efforts to ensure that regulations are attuned to the need of providing greater flexibility to travelers to and from the Philippines.

The new policy became effective on 15 September 2016.