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Your Money Will Soon Expire! But When?

Belle Piccio
Belle Piccio | Jun 04, 2015
Your Money Will Soon Expire! But When?

Did you know that the current banknotes has been in circulation for almost 30 years?

Old Banknote Series; photo from gov.ph

The series launched in 1985 will soon be demonetized as announced by Bangko Sentral ng Pilipinas (BSP).

Take note of these reminders:

 

  • You can use the old bank notes for your daily transactions up to December 31, 2015 only.
  • For the whole year of 2016, you can no longer use the old banknotes but you can exchange it to the New Generation Currency (NGC) Series in full value without charge at any authorized institution, BSP or its regional branches around the country.
  • Filipinos abroad may register online on October 1 to December 31, 2016 through the BSP website to exchange the old banknotes in their possession.
  • Old banknotes will no longer have any monetary value by January 1, 2017. 

 

Demonetization Schedule (English) poster; photo from gov.ph

 

Demonetization Schedule poster; photo from gov.ph

 

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