PhP Old Banknotes Validity

[islander]

in case we forget...

According to BSP Deputy Director for Currency Issue and Integrity Office Maja Gratia Malic, from Jan. 1 to Dec. 31, 2015, the old banknote series can still be used for daily transactions.

[islander]

Then from Jan. 1 to Dec. 31, 2016, the old banknote series can no longer be used for daily transactions and can only be exchanged in authorized agent banks and the BSP Cash Department or any of its Regional Offices or Branches.

[islander]

Finally, starting January 1, 2017, demonetized banknotes will no longer have monetary value. Only the new bank notes series will remain as legal tender in the country.

[balong]

thanks islander. dia pa koy peso salin sa bakasyon. nakalimot ko ug hatag sa ahong maguwang pag larga naho ug balik dere sa states

[islander]

for collectors, it's time to hold on to the small denominations of the old banknotes.  except for the 500 and 1k bills (too big to keep as souvenirs), my collection is safe now.  too bad my one and only old 5-peso bill has a small tear.