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Academics => Accounting and Business Department => Business => Topic started by: jamesbond on December 22, 2013, 09:00:08 AM

Title: The New Generation of the Phil. Currency
Post by: jamesbond on December 22, 2013, 09:00:08 AM
 :-\ share ko lang mga ka-PT lalo na for the OFWs who seldom comes home in their native land... baka kasi outdated na yung iba sa pera ng Pinas or better yet they know the new currency but never in their wildest dreams knew the salient features ng ating currency... so here it is...

http://youtu.be/fkJvSf-pHPs (http://youtu.be/fkJvSf-pHPs)
Title: Re: The New Generation of the Phil. Currency
Post by: ¿m☺ÿ on December 24, 2013, 06:26:00 PM
wow very informative....i never new that our money is made up of abaka and cotton.... i thought it is just cotton... and the security features are really good....

thanks for sharing bro....
Title: Re: The New Generation of the Phil. Currency
Post by: jamesbond on December 24, 2013, 06:46:12 PM
wow very informative....i never new that our money is made up of abaka and cotton.... i thought it is just cotton... and the security features are really good....

thanks for sharing bro....

thanks tol imoy... its really informative to know some of our currencies...
Title: Re: The New Generation of the Phil. Currency
Post by: crashtest on February 24, 2014, 05:13:08 PM
informative indeed. worth watching.
thanks for sharing!
:)

Sent from my LT26ii using Tapatalk

Title: Re: The New Generation of the Phil. Currency
Post by: jamesbond on November 22, 2014, 08:34:27 PM
share ko lang ulit mga peeps itong vid na ito... please do take sometime to get to know your money... it pays to be informed... enjoy!
http://youtu.be/ntkmFgEQvKE (http://youtu.be/ntkmFgEQvKE)
Title: Re: The New Generation of the Phil. Currency
Post by: spidey on November 22, 2014, 09:10:32 PM
iba ka talaga kosa hindi ko alam yun a, alam ko lang gumastos pag may gagastusin... seriously thanks kosa sa info... 8)
Title: Re: The New Generation of the Phil. Currency
Post by: jamesbond on November 22, 2014, 09:19:59 PM

iba ka talaga kosa hindi ko alam yun a, alam ko lang gumastos pag may gagastusin... seriously thanks kosa sa info... 8)

you are very much welcome kosa.... salamat sa pagdalaw sa munti kong handog...
Title: Re: The New Generation of the Phil. Currency
Post by: Itachi101 on November 25, 2014, 12:54:48 AM
parang euros yung style ng
peso currency natin
sana medyo may style sana para medyo iba
Title: Re: The New Generation of the Phil. Currency
Post by: razorsharp on December 23, 2014, 11:01:25 AM
madalas wala nang lamang paper money ang wallet ko, pano halos karamihan e tumatanggap na ng ATM card or debit card as a form of payment. groceries, gas stations, department stores, food establishments, etc. kahit 7-11 tanggap na rin ang ATM card as payment e.

pag natripan ko ang street fuds dun lang ako gumagastos ng paper money.
Title: Re: The New Generation of the Phil. Currency
Post by: jamesbond on May 27, 2015, 07:29:57 PM
1 Peso Commemorative Coin - 150 years Jose Rizal

(http://s30.postimg.org/rah912fa9/image.jpg) (http://postimage.org/)

(http://s30.postimg.org/jt81lupr5/image.jpg) (http://postimage.org/)

One Piso Commemorative Coin
150 years Jose Rizal Birth Anniversary

Obverse: Jose Rizal, "150 years," "Republika ng Pilipinas," "1861-2011"
Reverse: logo of the Bankgo Sentral ng Pilipinas, "1 Piso," "2011"

Shape: round
Edge: reeded
Material: nickel-plated steel

Weight: 5.35 grams
Diameter: 24 mm

Mintage: 10 million
Designer: Emerson Rg Abraham.

This is the first legal tender coin to bear the new logo of the Bangko Sentral ng Pilipinas.
Title: Re: The New Generation of the Phil. Currency
Post by: lovemarie on May 27, 2015, 08:59:14 PM
(http://s9.postimg.org/hzwd7so4f/10000_aquino_gold_coin_o.jpg) (http://postimage.org/)

(http://s9.postimg.org/hkl3es273/10000_aquino_gold_coin_r.jpg) (http://postimage.org/)

Ten Thousand Peso Commemorative Gold Coin (1992)

Obverse: President Corazon C. Aquino; Republic of the Philippines, 10000 Pesos
Reverse: Philippine map superimposed on Constitution and dove of peace flying towards the light; Democracy Restored; VI Anniversary; 1986, 1992

Shape: round
Edge: reeded
Material: gold


This is the largest coin denomination ever issued in the Philippines.
Title: Re: The New Generation of the Phil. Currency
Post by: naruto789544 on May 28, 2015, 12:43:57 AM
wow... i thought the 10,000 peso was never minted... thanks for the share mam lovemarie...
Title: Re: The New Generation of the Phil. Currency
Post by: jamesbond on May 28, 2015, 08:20:40 PM
(http://s7.postimg.org/l8xa6dt23/100000_front.jpg) (http://postimage.org/)

(http://s7.postimg.org/9ijcp009n/100000_back.jpg) (http://postimage.org/)

One Hundred Thousand Piso Commemorative Banknote

Obverse: Cry of Pugadlawin, Philippine Centennial Commission Logo, BSP Logo
Reverse: Declaration of Independence

Width: 356mm
Height: 216mm
Pieces Issued: 1000


Text

Obverse: "Ang Sigaw ng Himagsikan", "Ang salaping papel na ito ay bayarin ng Bangko Sentral at pananagutan ng Republika ng Pilipinas", "Isandaang Libong Piso", "Republika ng Pilipinas"
Reverse: "Pagpapahayag ng Kasarinlang ng Pilipinas Noong Hunyo 12, 1898", "Isandaang Libong Piso", "Republika ng Pilipinas"


This banknote was issued during the Centennial of Philippine Independence in 1998. It is as large as a legal-sized bond paper. Produced in Germany, the banknote has 21 security features including a hologram, making it very hard to counterfeit. On release, this collector's item was sold at P180,000. Today, it is worth many times more. It is recognized by the Guiness Book of world Records as the world's largest legal tender banknote.


(http://s23.postimg.org/6j1ggrpff/2000_peso_banknote_o.jpg) (http://postimage.org/)

(http://s23.postimg.org/4pyjsg48r/2000_peso_banknote_r.jpg) (http://postimage.org/)

Two-thousand Piso Commemorative Banknote

Obverse: President Joseph Estrada being sworn into office in front of the Barasoain Church in Malolos, Bulacan with his wife Loi Estrada, scroll with the Malolos Constitution, seal of the Central Bank
Reverse: Re-enactment of the proclamation of Philippine Independence at the Aguinaldo Shrine in Kawit, Cavite during the Philippine Centennial Celebration with President Fidel Ramos and his wife Amelita Ramos, Philippine Centennial Commission logo

Length: 216mm
Width:133mm
Composition: 20% abaca, 80% cotton fiber
Pieces Issued: 300,000

Text
Obverse: "Ang panunumpa sa tungkulin ni Pangulong Joseph E. Estrada sa Simbahan ng Barasoain, Malolos, Bulacan, noong ika-30 ng Hunyo, 1998", "Simbahan ng Barasoain, Lunduan ng Unang Demokratikong Republika sa Asya", "Malolos Constitution 1898", "Republika ng Pilipinas", "Dalawang Libong Piso", "Ang salaping ito ay bayarin ng Bangko Sentral at pananagutan ng Republika ng Pilipinas"
Obverse: "Pagdiriwang ng Sentenaryo ng Kalayaan sa Kawit, Cavite na pinangunahan ni Pangulong Fidel V. Ramos nnong ika-12 ng Hunyo, 1998", "Sentenaryong Salapi", "Dalawang Libong Piso"


The security features of this banknote include a 3-dimensional cylinder mould-made portrait watermark of the two presidents, and the years 1898-1998, iridescent band, color-shift windowed security thread, latent image, and perfect see-through register.
Title: Re: The New Generation of the Phil. Currency
Post by: jamesbond on June 03, 2015, 07:41:34 PM
TRIVIA!!!!

Did you know Philippine passports conceal intricate and beautiful fluorescent marks, many of which are also found on Philippine Banknotes? Among them are Malacanang Palace, Mayon Volcano, Chocolate Hills, Barasoain Church, Sampaguita, and Sarao Jeepney.

(http://s21.postimg.org/plzy72jmf/passport.jpg) (http://postimage.org/)


Ever wondered what cashiers are up to when they hold your banknotes under a money detector? You know, it's that device that emits some sort of dark purple light. It's the same kind of light that attracts innocent insects towards bug zappers.

Alright, your cashier is just checking if your money is fake or not. If placed under the money detector, some parts of the banknote would normally glow and reveal interesting marks. The marks are called fluorescent prints and they "fluoresce" or glow when exposed to UV light.

The money detector holds a special bulb called the UV lamp or black light. It emits ultraviolet light which causes fluorescent dyes on the banknote to light up. Fluorescent marks usually portray the denomination of the banknote and is located off-center to the left of the portraits. The dye is also incorporated in some of the serial numbers and security fibers. This causes them to glow as well.

(http://s28.postimg.org/5btq3q5yl/IMGP9477_wm.jpg) (http://postimage.org/)

Fluorescent printing is not entirely new. In fact, Bagong Lipunan bills already had them. Counterfeiters have been known to replicate fluorescent printing into fake bills. thus, it is not an assurance that your money is authentic.
(http://s2.postimg.org/qbal0a15l/IMGP9481_wm.jpg) (http://postimage.org/)

(http://s11.postimg.org/dte9us0z7/IMGP9484_wm.jpg) (http://postimage.org/)



Post Merge: June 04, 2015, 08:42:07 PM
(http://s22.postimg.org/85knebaep/1000_peso_bill_reverse.jpg) (http://postimage.org/)

(http://s22.postimg.org/y2ebqxe29/1000_piso_banknote_obverse.jpg) (http://postimage.org/)
One Thousand Piso Banknote


Obverse: War Heroes - Josefa Llanes Escoda, Vicente P. Lim, and Jose Abad Santos; Centennial of Philippine Independence (1998); Medal of Honor; Seal of the Republic of the Philippines; and the New BSP Seal
Reverse: Tubbataha Reefs Natural Park (UNESCO World Heritage Site); South Sea Pearl (Pinctada maxima), Tinalak or Ikat-dyed abaca woven in Mindanao in Southern Philippines
Security Features: (1) embossed prints, (2) serial number, (3) security fibers, (4) watermark, (5) see-through mark, (6) concealed value, (7) security thread, (8) optically variable device, (9) optically variable ink

War Heroes
Josefa Llanes Escoda (20 September 1898-January 1945) is a social worker, educator, advocate of women's right to vote; founder of the Girl Scouts of the Philippines and newspaper editor. She showed extraordinary courage by continuing to help prisoners of war during the Japanese Occupation. For this, she and her husband Antonio were killed before the end of the war.

Brigadier General Vicente P. Lim (24 February 1888 - 31 December 1944) was the first Filipino West Point graduate and rose to the rank of Chief of Staff of the Philippine Army. Initially wounded in action, he directed guerrilla activities from his hospital bed during the World War II. He was eventually captured and died in the hands of the Japanese. For his military service, he received the Legion of Merit and the Purple Heart.

Jose Abad Santos (19 February 1886 - 2 May 1942) was the Chief Justice of the Philippine Supreme Court. He completed his Bachelor of Laws degree in Northwestern University and Masters of Laws from Georgetown University as a scholar. He was executed for refusing to cooperate with the Japanese forces. Informed of his impending execution, he told his son ho had been captured with him: "It is a rare opportunity to die for one's country."

The 130,000 hectare Tubattaha Reef Marine Park in Sulu Sea is one of the Philippines' oldest ecosystems. It is home to a great diversity of marine life: whales, dolphins, sharks, and turtles are among the key species found here. The reef ecosystem supports over 350 species of coral and almost 500 species of fish. Declared as a UNESCO World Heritage Site, it plays a key role in the reproduction, dispersal, and colonization by marine organisms in the whole Sulu Sea system and in helping support fisheries outside its boundaries. It is a natural laboratory for studying ecological and biological processes, displaying process of coral reef formation, and supporting marine species dependent on reef ecosystems. The presence of tiger and hammerhead sharks, which are top predator species, indicates the ecological balance of the property.
South Sea Pearls - Sulu Sea is part of the South Seas, which are the natural habitat of oysters that produce the largest pearls grown in the world - the Pinctada maxima. The colors of these treasures from the sea range from white to silver and golden.
Title: Re: The New Generation of the Phil. Currency
Post by: jamesbond on June 06, 2015, 06:21:36 PM
(http://s22.postimg.org/pxva0b8ox/new_500_piso_obverse.jpg) (http://postimage.org/)

(http://s22.postimg.org/b0mszavgh/new_500_piso_reverse.jpg) (http://postimage.org/)
Five Hundred Peso Banknote

Obverse: Icons of Democracy - President Corazon C. Aquino, Senator Benigno Aquino Jr. ; EDSA People Power I February 1986; Benigno S. Aquino, Jr. Monument; Seal of the President; New BSP Seal
Reverse: Puerto Princesa Subterranean River National Park (UNESCO World Heritage Site); Blue-naped Parrot (Tanygnathus lucionensis), woven cloth from Southern Philippines
Security Features: (1) embossed prints, (2) serial number, (3) security fibers, (4) watermark, (5) see-through mark, (6) concealed value, (7) security thread, (8) optically variable device

Icons of Democracy
President Corazon C. Aquino (25 January 1933 - 1 August 2009), the 11th President of the Philippines, is the first woman head of state. She assumed office following the historic non-violent People Power Revolution that toppled a dictatorship. Her major accomplishments were the restoration of democracy and the crafting of a new Constitution that limited presidential powers, established a bicameral legislature, and gave strong emphasis to civil liberties and human rights. She was married to former Senator Benigno Aquino, Jr.
Senator Benigno Aquino Jr. (27 November 1932 - 21 August 1983), stood against President Ferdinand Marcos who had declared martial law. His seven-year imprisonment under the dictatorship and assassination upon his return from exile galvanized the Filipinos to unite and oppose the dictatorship. This culminated in the peaceful People Power Revolution. The bronze memorial is in his honor in Makati City is a popular venue for holding mass movements.

The funeral processions of both President Corazon Aquino and Senator Benigno Aquino were an outpouring of national grief. Millions of people stayed on the roads for hours to pay their respects and to express their deep gratitude to the couple who dedicated their lives for the country and the Filipinos. On 30 June 2010, their only son Benigno S. Aquino III became the country's 15th President.

The eight-kilometer Puerto Princesa Subterranean River National Park in Palawan winds through a cave that has major formations of staltactites and stalagmites that fascinate and mesmerize. Declared as a UNESCO World Heritage Site, the pleace has a full mountain-to-the-sea ecosystem that is also home to rare animals such as the Philippine cockatoo and the Palawan mouse deer.

The rare Blue-naped Parrot thrives in the lush forests of Palawan and Mindoro. Parrots are known to be friendly, gentle, and intelligent.
Title: Re: The New Generation of the Phil. Currency
Post by: Itachi101 on June 06, 2015, 06:41:14 PM
ilalabas pa lang ba ang bank note
nila cory at ninoy na five hundred
Title: Re: The New Generation of the Phil. Currency
Post by: jamesbond on June 08, 2015, 08:36:58 PM
ilalabas pa lang ba ang bank note
nila cory at ninoy na five hundred

:-\boss naka out na po yan sa circulation... +like po sa pagdaan mo po dito...

(http://s29.postimg.org/csjl9j6zb/200_piso_banknote_obverse.jpg) (http://postimage.org/)

(http://s29.postimg.org/o3hnk5ogn/200_piso_bill_reverse.jpg) (http://postimage.org/)

Two Hundred Piso Banknote
Obverse: President Diosdado P. Macapagal; EDSA People Power II (January 2001); Independence House; Barasoain Church; Seal of the Republic of the Philippines; and the New BSP Seal
Reverse: Bohol Chocolate Hills; Tarsier (Tarsius syrichta); handcrafted design from the Visayas in Central Philippines
Security Features: (1) embossed prints, (2) serial number, (3) security fibers, (4) watermark, (5) see-through mark, (6) concealed value, (7) security thread

President Diosdado P. Macapagal (28 September 1910 - 21 April 1997) is known for his land reform and socio-economic agenda that started the process of economic liberalization and the shift to a market economy in the Philippines. He moved the celebration of Philippine independence from 4 July 1946 to 12 June 1898 when General Emilio Aguinaldo declared independence from Spanish colonial rule and, in the process, made the Philippines Asia's first republic. Barasoain Church in Malolos Bulacan was the venue for the inauguration of the First Philippine Republic. Aguinaldo's home in Cavite is now called the Independence House.

President Diosdado Macapagal is the father of President Gloria Macapagal-Arroyo who assumed office as a result of the EDSA People Power II in January 2001.

The famous Chocolate Hills of Bohol are verdant green mounds during the rainy season that turn chocolate brown at the end of the dry season. Numbering about 1,268 hills, they rise to 30 to 50 meters.

The Philippine tarsier is described as one of the world's smallest primates; it can fit comfortably in one's hands. It can be found in Bohol and in Samar, Leyte, and Mindanao.
Title: Re: The New Generation of the Phil. Currency
Post by: jamesbond on June 21, 2015, 04:15:33 PM
(http://s29.postimg.org/shxuq8k9j/100_peso_banknote_reverse.jpg) (http://postimage.org/)

(http://s29.postimg.org/stfb300pj/100_piso_bill_obverse.jpg) (http://postimage.org/)
One Hundred Piso Banknote

Obverse: President Manuel A. Roxas; Central Bank of the Philippines (1949); Inauguration of the Third Republic (4 July 1946); Seal of the Republic of the Philippines; and the New BSP Seal
Reverse: Mayon Volcano; Whale Shark (Rhincodon typus); Indigenous textile from the Bicol Region
Security Features: (1) embossed prints, (2) serial number, (3) security fibers, (4) watermark, (5) see-through mark, (6) concealed value, (7) security thread

President Manuel A. Roxas (1 January 1892 - 15 April 1948) took his oath of office on 4 July 1946 as the first president of the Third Philippine Republic, when the United States recognized the independence of the Republic of the Philippines. Having inherited a nation in the ruins of World War II, he set in motion the crafting of the first Master Economic Plan, the first known in developing Asia, which started the country on the road to reconstruction and development. He thus earned the title "Nation Builder." A Philippine Bar topnotcher, he had a lifelong career as public servant. He was 27 when he became Governor of the Province of Capiz, the country's youngest, and was Speaker of the House for 12 consecutive years. One of his priorities was the drafting of a charter for a central bank, which he deemed as a step towards sovereignty. However, he did not complete his term due to a fatal heart attack. Shortly after his death, his successor President Elpidio Quirino signed Republic Act 265 or the Central Bank Act in June 1948. On 3 January 1949, the Central Bank of the Philippines opened for business.

The Bicol Region is famous for majestic Mayon Volcano, the country's most active which has a near perfect cone. It is in Legazpi City, Albay.

The "butanding" or whale shark, the world's largest living fish, is the main attraction in Donsol, Sorsogon. These gentle giants regularly visit the waters of Sorsogon to mate and to feed on plankton abundant in Donsol River.
Title: Re: The New Generation of the Phil. Currency
Post by: jamesbond on June 24, 2015, 06:41:35 PM
(http://s2.postimg.org/6p4s46oux/new_50_peso_bill_obverse.jpg) (http://postimage.org/)

(http://s2.postimg.org/g8egxncd5/new_50_piso_bill_reverse.jpg) (http://postimage.org/)

Fifty Piso Banknote

Obverse: President Sergio Osmeña; First National Assembly 1907; Leyte Landing; Seal of the Republic of the Philippines; and the New BSP Seal
Reverse: Taal Lake; Maliputo (Caranx ignobilis); embroidery design handcrafted in Batangas province
Security Features: (1) embossed prints, (2) serial number, (3) security fibers, (4) watermark, (5) see-through mark, (6) concealed value, (7) security thread

President Sergio Osmeña (9 September 1878 - 19 October 1961) is the president who led the Philippines during the critical stage nearing the end of World War II and in the transition as an independent nation. He was vice president when President Manuel Quezon passed away and was with the liberation forces led by US General Douglas McArthur in 1944, an event immortalized at a landmark monument known as the "Leyte Landing" at Palo beach in central Philippines. It was during his term when the Philippines joined the United Nations, the International Monetary Fund, and the International Bank for Reconstruction and Development (World Bank)

Taal Lake in Batangas is the deepest freshwater lake in the Philippines. It is also host to active Taal Volcano, the world's smallest volcano.

The Giant Trevally, locally known as Maliputo, a delicious milky fish, thrives only in the waters of the lake. Taal Lake is also the only home of tawilis, the world's only freshwater sardine.
Title: Re: The New Generation of the Phil. Currency
Post by: jamesbond on June 26, 2015, 06:56:31 PM
(http://s21.postimg.org/v1q6btlwn/20_peso_bill_obverse.jpg) (http://postimage.org/)

(http://s21.postimg.org/u8dkj7fvr/new_20_piso_bill_reverse.jpg) (http://postimage.org/)

Twenty Piso Banknote


Obverse: President Manuel L. Quezon; Filipino as National Language (1935); Malacañan Palace; Seal of the Republic of the Philippines; New BSP Seal
Reverse: Banaue Rice Terraces (UNESCO World Heritage Site); Palm Civet (Paradoxurus hermaphroditus philippinensis), Weave design from the Cordilleras
Security Features: (1) embossed prints, (2) serial number, (3) security fibers, (4) watermark, (5) see-through mark, (6) concealed value, (7) security thread

President Manuel L. Quezon (19 August 1978 - 1 August 1940)
Popularly known as the "Father of the National Language," Manuel L. Quezon is the second president of the Philippines and the first to be elected through a national election. He worked tirelessly to gain recognition for the Philippines as an independent nation. During his term, a national language for the Philippines was adopted and Filipino women were given the right to vote. Quezon is the first Filipino president to hold office in Malacañan Palace by the Pasig River in Manila.

The Banaue Rice Terraces in Northern Philippines were carved out of the mountains of the Cotrdilleras around 2,000 years ago by Filipino ancestors using simpe tools. Breathtaking for its high altitude, steep slopes and area covered, the Banaue Rice Terraces showcases a mastery of engineering that is appreciated to the present. It has been declared a World Heritage Site by the United Nations.

The palm civets in the Cordilleras are famous for producing one of the best and expensive coffee varieties in the world - Coffee Alamid. The coffee beans that they eat, partially digest, and released as droppings are prized for their flavor and aroma.
Title: ATTN: Old Peso Bill Demonetization Schedule
Post by: jamesbond on November 13, 2015, 09:13:08 PM
ATTN: Old Peso Bill Demonetization Schedule

aba mga kapatid.. basahin nyo ng maiigi ang schedule.. being the TS for our own peso bill i think it's also my duty to inform you all about what's happening with our currency back home in the Philippines... sayang ang mga nakatagong old peso bills dyan sa cabinets nyo hehehe... baka yung mga galing pa kay Santa Claus noong nakaraang pasko eh lumang series pa eh naku, ipalit na sa inyong mga suking bangko.... o eto ang schedule in english and in tagalog... (penge ng balato ha? hahahaha...)

(http://s7.postimg.org/ql6yyxf4r/bank_note_infographic_bsp_20150521.jpg) (http://postimage.org/)

(http://s7.postimg.org/xcxe1s44b/old_philippine_money_validity.jpg) (http://postimage.org/)
Title: Re: The New Generation of the Phil. Currency
Post by: naruto789544 on November 15, 2015, 01:28:11 AM
thanks for the headsup sir @jamesbond.. got to make sure those old notes be spent or exchanged before the end of the year...  :)
Title: ATTN: Old Peso Bill Demonetization Schedule
Post by: jamesbond on November 15, 2015, 10:25:20 AM
thanks for the headsup sir @jamesbond.. got to make sure those old notes be spent or exchanged before the end of the year...  :)

ay opo sir naruto... salamat sa pagdaan and it really pays to have been reading and been properly informed about this... mahirap din malaman sa iba pa at kung minsan nadadagdagan pa ang impormasyon at kadalasan mali pa or may halong confusion na din....   

O ETO NAMAN PARA SA ATING MGA OFWs... highlight ko ang pinaka-importante na part sa article na sumusunod....


BSP: Old Banknotes Good for Daily Transactions up to December 31, 2015

The Bangko Sentral ng Pilipinas Deputy Governor Diwa C. Guinigundo today reminded the public that the old banknote series launched in 1985 can still be used for daily transactions up to December 31, 2015.

From January 1, 2016 up to December 31, 2016, the old banknotes can still be exchanged in authorized agent banks and the BSP Cash Department. However, starting January 1, 2017, the old banknote series will be fully demonetized or without monetary value.

This means that the New Generation Banknotes introduced in December 2010 will result in the circulation of a single currency series in the country. The New Generation Banknotes have more and enhanced security features to protect the safety of the public against counterfeiters.

The demonetization process of the old banknotes is in line with the provisions of Section 57 of Republic Act No. 7653, otherwise known as the New Central Bank Act, which authorizes the BSP to replace banknotes that are more than 5 years old. The old banknotes have been in circulation for almost three decades.

The public is advised of the following important information:

1. The public may continue to use the old banknotes up to 31 December 2015 in paying and buying of goods and services and other business or financial transactions requiring the use of cash.  Thereafter, these old banknotes will no longer be accepted for payment transactions;
 
2. From 1 January 2015 to 31 December 2016, the public may exchange with authorized financial institutions, namely universal and commercial banks, thrift banks, and rural as well as cooperative banks, their old banknotes with the New Generation Currency (NGC) Series at full face value, without charge.The public may also opt to exchange their old banknotes with the BSP or any of its regional offices/branches around the Philippines.
 
3. Government institutions holding old banknotes in which could not be exchanged during the prescribed period, such as banknotes used as evidence in a litigation case, will have to request the BSP Cash Department in writing, within the period of exchange, for a special exchange arrangement;
 


4. For Overseas Filipinos (OFs) abroad, who have in their possession old banknotes which could not be exchanged within the prescribed period, they may register online starting 1 October 2016 to 31 December 2016 through the BSP Website.  These old banknotes may be exchanged with the BSP within one (1) year from  date of registration; and

5. Starting 1 January 2017, NDS banknotes that have not been exchanged shall no longer have any monetary value, and are considered demonetized.

(http://s4.postimg.org/8c02jlcnx/news_05212015a1.jpg) (http://postimage.org/)
Title: Re: The New Generation of the Phil. Currency
Post by: razorsharp on November 17, 2015, 11:03:26 AM
yung lumang serye ang naaalala ko sa pilipinas nun. hayyyz, time flies by. pawala na pala ito.
Title: Re: The New Generation of the Phil. Currency
Post by: charliehouse on December 17, 2015, 06:28:57 PM
Pabago-bago ang mukha ng tao na nasa pera pero nananatiling walang pera ang tao.
Title: Re: The New Generation of the Phil. Currency
Post by: dragyron on December 22, 2015, 01:49:01 AM
Thanks, sir! Informative po 'to para sa mga bro natin na OFW o nag-abroad ng ilang buwan :) As mga local businesses, pwede din tayo tumulong by accepting old notes, give them new bills, tapos tayo na mismo ang mag-eexchange sa banko ng old currency para sa kanila (especially kung nasa probinsiya)
Title: Re: The New Generation of the Phil. Currency
Post by: naruto789544 on December 22, 2015, 02:23:42 AM
in a few more days old notes will not be honored in our daily transactions... do take note of the currencies you have and exchange them already...
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