Guidelines on the entry of temporary visitors to the Philippines
Nationals from countries (click list) who are travelling to the Philippines for business and tourism purposes are allowed to enter the Philippines without visas for a stay not exceeding twenty-one (21) days, provided they hold valid tickets for their return journey to port of origin or next port of destination and their passports valid for a period of at least six (6) months beyond the contemplated period of stay. However, Immigration Officers at ports of entry may exercise their discretion to admit holders of passports valid for at least sixty (60) days beyond the intended period of stay.
Upon Arriving: Visitors are allowed to bring in duty free personal belongings, two cartons of cigarettes or two tins of pipe tobacco and up to one liter of alcohol. Balikbayans have separate rules and should check with the Embassy or Consulate in their home city.
The currency in the Philippines is the Peso (PhP) and the Centavo. 100 centavos = P1. Coin denominations are: 1, 5, 10, and 25 centavos, P1, and P5. Bill denominations are : 10, 20, 50, 100, 500 and 1, 000 pesos.
Foreign currency may be exchanged at your hotel, and in most of the large department stores, banks and authorized money changing shops. Exchanging money anywhere else is illegal and the laws are strictly enforced.
Most large stores, restaurants , hotels and resorts accept major credit cards including American Express , Visas and MasterCard. Traveller’ s checks preferably American Express are accepted at hotels and large department stores. Personal checks drawn on foreign banks are generally not accepted.
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It is illegal for any incoming or outgoing passenger to bring in or out Philippine Pesos in excess of P10,000.00 without prior authority from the Bangko Sentral ng Pilipinas. Any violation of this rule may lead to its seizure and civil penalties and / or criminal prosecution. (BSP Circular 98-1995)
The transportation of foreign currency or monetary instruments is legal. However, the carrying of foreign currency in excess of US$10,000.00 or its equivalent in other foreign currencies must be declared to a Customs Officer or the Bangko Sentral ng Pilipinas. Violation of this rule may lead to seizure and sanctions, fines and / or penalties.
For more information about Bureau of Customs Passengers Guidelines: http://customs.gov.ph/bustravel.php
Credits to http://www.tourism.gov.ph