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Business > Sunday Business & IT
BSP amends foreign exchange rules for travelers
By Mayvelin U. Caraballo
May 29, 2022 12:11 am

INTERNATIONAL travelers can now complete the new Currencies Declaration Form (CDF) online after the central bank updated the rules on cross-border currency transfers.

The Bangko Sentral ng Pilipinas (BSP) said in a statement issued over the weekend that it has issued a new CDF that replaces the Foreign Currency and Other Foreign Exchange-Denominated Bearer Monetary Instruments Declaration Form and combines the data requirements of the Bureau of Customs (BoC), the Anti-Money Laundering Council and the BSP.

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