1. 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).

2. 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. For amounts exceeding the USD10,000 threshold, the whole amount brought into or taken out of the Philippines is required to be declared using the CDF.