Wednesday 15 August
Powered by Ajaxy
Jul 17, 2018 @ 16:46

BSP reminds public on P50K cash limit for foreign travel

 

Anything beyond that amount needs central bank approval.

The Bangko Sentral ng Pilipinas (BSP) issued a new public advisory targeted to travelers going in and out of the country.

The BSP reiterated that any person, including foreigners, can only bring in or take out up to P50,000 cash.

“In excess of this amount, prior BSP written authorization should be secured,” the central bank said.

Exceptions are given for those who need money to testing or calibrate money counting machines, as well as currency collectors for numismatics or educational purposes.

Count your money before leaving!

Tags: ,

Related Stories
The central bank chief is setting the record straight amid all the flak he's getting.
It's the best way to keep inflation from going any faster.
The Bangko Sentral ng Pilipinas (BSP) has sought the National Bureau of Investigation's (NBI) assistance


 

Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.