Personal Development, Finance, and Investing For Filipinos
An investment in knowledge always pays the best interest. Financial Education is your best investment.
Bangko Sentral Ng Pilipinas: Regulations On Cross-Border Transfer Of Local And Foreign Currencies11/9/2022 The Bangko Sentral ng Pilipinas (BSP) provides the rules for the cross-border transfer of local and foreign currencies. A person may freely bring into or out of the Philippines, or electronically transfer, legal tender Philippine currency up to PHP50,000 only. Amounts in excess of the PHP50,000 limit shall require: (a) prior written authorization from the BSP; and (b) in case of physical cross-border transfer of Philippine currency, declaration of the whole amount brought into or out of the Philippines using the prescribed Currencies Declaration Form (CDF). A person may freely bring into or out of the Philippines foreign currency and other foreign currency-denominated bearer monetary instruments in amounts up to USD10,000 or its equivalent in other foreign currencies. The whole amount exceeding the USD10,000 threshold shall require declaration using the CDF. For more details, you can download the BSP Manual of Regulations on Foreign Exchange Transactions (as amended):
https://www.bsp.gov.ph/Regulations/MORFXT/MORFXT.pdf
0 Comments
Leave a Reply. |
PLACE YOUR ADS HERE YOUR PAYDAY REMINDER FEATURED PARTNER FEATURED PROMOTIONS FEATURED MENTIONS PLACE YOUR ADS HERE PLACE YOUR ADS HERE For more updates about Personal Development, Financial and Investment Education. Join and Subscribe to my Newsletter. It's FREE! ABOUT THE BLOGGERHi, I'm Ralph Gregore Masalihit! An RFP Graduate (Registered Financial Planner Institute - Philippines). A Personal Finance Advocate. An I.T. by Profession. An Investor. Business Minded. An Introvert. A Photography Enthusiast. A Travel and Personal Finance Blogger (Lakbay Diwa and Kuripot Pinoy). Currently, I'm working my way toward time and financial freedom. PLACE YOUR ADS HERE Categories
All
Archives
March 2023
PLACE YOUR ADS HERE |