CAN you now spot the difference? Old peso bill (top) new (bottom).
If you still have any of the old peso bills left in your keeping, you have to keep it as a memento or hope that a collector will someday buy them from you as the Bangko Sentral ng Pilipinas will no longer exchange these with new ones.
After the June 30 deadline, about P184.3 billion worth of the New Design Series (NDS) bills that first went into circulation in 1985 has been completely demonetized.
These bills — in denominations of P5, P10, P20, P50, P100, P500 and P1,000 — is no longer accepted in transactions starting last Jan. 1, and the BSP will no longer accept them for replacement with the new series of bank notes.
However, Maja Gratia L. Malic, deputy director of the BSP’s currency issue and integrity office, said Filipinos who have recently come from “war-torn countries” can still go to any of the central bank’s 22 branches and offices nationwide and have the old bills replaced.
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“They need only to show proof that they did come from these areas — like Syria, Afghanistan, Iraq, etc. — such as their passport and relevant travel documents,” Malic said. “They don’t need any pre-registration like other overseas Filipinos.”
She was referring to Filipinos who are working or living abroad, who had until last March 31 — originally until Dec. 31, 2016 only — to register up to P50,000 worth of the NDS to be replaced with new bills.
