BSP Donates Bill Counters to BOC for Cross-border Currency Examination

As part of continued efforts to help in the effective implementation of rules on physical cross-border transfer of currencies, the Bangko Sentral ng Pilipinas (BSP) donated 13 multi-currency bill counters with printers to the Bureau of Customs (BOC) on 27 August 2021. The donation will be used at major ports of entry for examination and validation of local and foreign currencies coming in and out of the country.

“The BOC plays a crucial role in the implementation of regulations on cross-border transfer of currencies as provided under our inter-agency agreements. We hope the 13 multi-currency bill counters, which will automate the existing manual examinations and inventory-taking of currencies, will strengthen the BOC’s capability in this pursuit,” said BSP Governor Benjamin E. Diokno.