Bangko Sentral ng Pilipinas (BSP) Circular No.922 Series 2016

Previously notified in N1PHL5, N2PHL3, N3PHL12, N3PHL13 and N3PHL14R1
Found by Secretariat
(Annex A), as contained in Section 4.1 of the Manual of Regulations on Foreign Exchange Transactions (FX Manual), as amended.
A person may import or export, or bring with him into or take out of the country, or electronically transfer, legal tender Philippine notes and coins, checks, money order and other bills of exchange drawn in pesos against banks operating in the Philippines in an amount not exceeding PHP50,000.00 without prior authorization from the BSP. Amounts in excess of said limit shall require prior written authorization from the BSP.
Increase in cross-border limit for transfer of legal tender Philippine notes and coins, checks, money order and other bills of exchange drawn in pesos against banks operating in the Philippines from PHP10,000.00 to PHP50,000.00.