Import and Export of Philippine Currency

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OFFICE OF THE DEPUTY GOVERNOR MonetAry StaBiLitY Sector

CIrcuLAr letter no. CL- 2007- ..016

TO ALL BANKS AND ALL CONCERNED

Subject Import and Export of Philippine Currency

country or electronic transfer of legal tender Philippine notes and coins checks, money order and other bills of exchange drawn in pesos against authorization by the Bangko Sentrai ng Pilipinas is prohibited. banks operating in the Philippines in an amount exceeding R10.000 without This is to remind all concerned that the bringing in or taking out of the Such prohibition is contained in Section 4 of Circular No. 1389 dated 13 April 1993 as amended.

Central Bank Act", without prejudice to the application of remedies and sanctions provided for under customs laws and reguiations. Republic Act No. 7653 dated 10 June 1993, otherwise known as "The New Any violation thereof is subject to the penalty provision of Section 36 of

umisma DIWA C. GUINIGUNDO

Deputy Governor

J-- April 2007

PAnANALAPIng MAtAtAG, BAnSAng PANAtAg

A. Mabini St., Malate 1094, Manila, Philippines @ Trunkline (632) 524-70-11 URL:www.bsp.gov.ph e-mail: [email protected]