Entering/Exiting Philippines with more than 50,000 pesos

[Lover_Boy 12]

Why is the reason are only allowed to have less than 50K in peso entering or exiting the Philippines?  This is only like $1,000 in US Currency

 

A few years ago it was 10,000 peso or $200

 

Is this per person or per travel party? For example you and wife are you suppose to keep it below that level?

 

 

[RUJEN 140]

Unless the laws changed recently, I thought the limit was $10,000.00 American money you could take with you.

Every time I went, I would send my better half a bunch of money before I went, and then took 10K with me.

I am really curious if the laws are different now.

[Lover_Boy 12]

14 hours ago, RUJEN said:

Unless the laws changed recently, I thought the limit was $10,000.00 American money you could take with you.

Every time I went, I would send my better half a bunch of money before I went, and then took 10K with me.

I am really curious if the laws are different now.

Please read my OP, I said peso as in Philippines pesos

 

US Dollars as long as your under $10K your don't have to report entering Philippines

 

It's bringing in or exiting Philippine with more than 50,000 pesos (About $1K USD) ,  Just  a few years ago it was only 10,000 peso ( 200 bucks USD)

 

Bangko Sentral ng Pilipinas is the governor authority on it and they set the rules