Some ATMs accept international credit and debit cards. Shops in towns and cities usually accept international credit cards. Banks and foreign exchange outlets rarely accept travellers’ cheques. Cash in sterling or US dollars can be exchanged for Philippine pesos at the airport, in banks, hotels and some shops. Scottish and Northern Ireland bank notes aren’t generally accepted. Buying foreign currency in the Philippines can be difficult.
You may only bring up to PHP50,000.00 into the Philippines without prior authorisation from the Philippines Central Bank. If you plan to bring more than PHP50,000.00 into the country, you’ll need to obtain written authorisation from the Philippines Central Bank.