Demonetization Schedule Important Reminders

BANGKO SENTRAL NG PILIPINASA. Mabini cor. P. Ocampo Sts., Malate, Manila

Tel: (02) 708-7701

SECURITY PLANT COMPLEXEast Ave., Diliman, Quezon City

Tel: (02) 988-4800

LA UNION REGIONAL OFFICEQuezon Ave., San Fernando City

La UnionTel. No: (072) 888-2083Fax No: (072) 888-2723

BSP CORPORATE AFFAIRS OFFICE

Tel: (02) 708-7140 or (02) 708-7701 loc. 2876; Fax no.: (02) 708-7138; corao@bsp.gov.ph

CEBU REGIONAL OFFICEOsmeña Blvd. cor.

P. del Rosario St., Cebu CityTel. No: (032) 254-0973Fax No: (032) 254-0702

DAVAO REGIONAL OFFICEE. Quirino Ave., Davao CityTel. No: (082) 300-3709Fax No: (082) 226-4130

REGIONAL OFFICES AND BRANCHES

BACOLOD BRANCHLacson cor. Luzuriaga Sts. Bacolod CityTel No : (034) 434-7755Fax No: (034) 435-2816

BATAC BRANCH16-N National Hwy.Quiling Norte, Batac CityIlocos NorteTel No: (077) 792-2103Fax No: (077) 792-2105

BUTUAN BRANCHJ.C. Aquino Ave., Libertad, Butuan CityTel No: (085) 815-1502Fax No: (085) 815-1503

CABANATUAN BRANCHDel Pilar cor. Paco Roman Sts., Cabanatuan CityTel No: (044) 600-4502Fax No: (044) 463-2180

CAGAYAN DE ORO BRANCHNational Hwy. cor. Velez St. Capitol Ground, Cagayan de Oro CityTel No : (088) 857-4179Fax No: (088) 857-4146

COTABATO BRANCHQuezon Ave., cor. Sinsuat Ave., Cotabato CityTel No: (064) 421-7370Fax No: (064) 421-3117

DAGUPAN BRANCHBonuan, Tondaligan Dagupan City, PangasinanTel No: (075) 653-1026Fax No: (075) 653-1026

DUMAGUETE BRANCHNorth Rd., National Hwy. Daro, Dumaguete CityTel No: (035) 422-9326Fax No: (035) 422-9326

GENERAL SANTOS BRANCHCity Hall Dr., Daprosa St. cor. Pendatun Ave.General Santos CityTel No: (083) 552-1905Fax No: (083) 552-1904

ILOILO BRANCHSolis St., Iloilo CityTel No: (033) 335-1180Fax No: (033) 338-0573

LEGAZPI BRANCHBgy. 18 Rizal St.Cabagñan, Legazpi CityTel No: (052) 480-5519Fax No: (052) 480-5585

LUCENA BRANCHQuezon Ave.Bgy. 8, Lucena CityTel No: (042) 373-7323Fax No. (042) 373-7323

NAGA BRANCHRoxas Ave., Triangulo, Naga CityTel No: (054) 473-9895Fax No: (054) 473-8260

OZAMIZ BRANCHCircumferential Rd. Bgy. Aguada, Ozamiz CityTel No: (088) 521-2677Fax No: (088) 521-2678

ROXAS BRANCHArnaldo Blvd., Brgy. Baybay Roxas City, CapizTel No: (036) 621-7823Fax No: (036) 621-7812

SAN FERNANDO BRANCH

MacArthur Hwy., SindalanSan Fernando CIty PampangaTel No: (045) 455-4014Fax No: (045) 455-3835

TACLOBAN BRANCHAirport Rd., San JoseTacloban CityTel No: (02) 708-7701

local 7153

TUGUEGARAO BRANCHRegional Government Center, Carig Sur, Tuguegarao CityTel No: (078) 304-4755Fax No: (078) 304-0009

ZAMBOANGA BRANCHN.S. Valderosa St. Pettit BarracksZamboanga CityTel No: (062) 991-2151Fax No: (062) 992-3055

8. WHAT IS THE MAXIMUM AMOUNT A PERSON CAN

EXCHANGE DURING THE DEMONETIZATION PERIOD?

9. HOW CAN PERSONS LIVING ABROAD EXCHANGE THEIR

OLD-SERIES BANKNOTES FOR NGC BANKNOTES?

10. WILL PERSONS STILL BE ABLE TO EXCHANGE THEIR

BANKNOTES FROM THE OLD SERIES ON THE LAST

BANKING DAY OF 2016?

Yes, they can still exchange banknotes from the old series on the

last banking day of 2016.

11. IF THE BANKS ACCEPT THE OLD BANKNOTE SERIES

DEPOSITS ON THE LAST BANKING DAY, CAN THEY STILL

DEPOSIT THE SAME TO THE BSP IN 2017?

Yes, provided NDS notes in said transaction have been included

in the consolidated report of the bank’s NDS banknote holdings

submitted to BSP. BSP will be issuing guidelines on this matter

in due time.

12. WILL THE BANKS BE PENALIZED FOR HAVING BANKNOTES

FROM THE OLD SERIES IN THEIR POSSESSION IN 2017.

Guidelines on this matter will be issued to all banks once this has

FOR MORE INFORMATION, CONTACT:

CURRENCY ISSUE AND INTEGRITY OFFICE

Tel: (02) 988-4834 or (02) 352-1485; ciiohelpdesk@bsp.gov.ph

– Bangko Sentral ng Pilipinas

(https://www.facebook.com/BangkoSentralngPilipinas)

– Bangko Sentral (@BangkoSentral)

– Bangko Sentral (https://www.youtube.com/user/BSPCORAO)

– Bangko Sentral (@bangkosentral)

Website: www.bsp.gov.ph | E-mail: bspmail@bsp.gov.ph

DemonetizationSchedule

A message from the Bangko Sentral ng Pilipinas

ImportantReminders

None. There is no limit on the amount of old banknotes that can be

exchanged for NGC notes. Old banknotes can be exchanged at

face value without charge in any authorized bank or BSP

!"#$%&'()*+$,%&-

Persons living abroad, who have in their possession banknotes

from the old series, which they cannot exchange within the

prescribed period may register online from October 1 to December

31, 2016 through the BSP website (www.bsp.gov.ph). These

persons can exchange their banknotes with the BSP within one (1)

year from the date of registration.

1. WHAT IS “DEMONETIZATION”?

2. WHY IS THE BSP REPLACING OUR BANKNOTES?

7. WHAT ARE THE NEW GENERATION CURRENCY (NGC)

BANKNOTES THAT WILL REPLACE THE OLD BANKNOTE

SERIES?

NEW GENERATION CURRENCY BANKNOTE SERIESLaunched in 2010OLD BANKNOTE SERIES

Launched in 1985

6. WHAT BANKNOTE SERIES IS BEING DEMONETIZED?

The old banknote series launched in 1985 is being demonetized.

It consists of 5-, 10-, 20-, 50-, 100-, 200-, 500- and 1000-piso

denominations.

WHAT ARE THE DISTINGUISHING FEATURES BETWEEN THE OLD AND THE NEW BANKNOTE SERIES?

3. WHAT IS THE DEMONETIZATION SCHEDULE?

From January 1 to December 31, 2015 –

The old banknote series can still be used

for daily transactions

From January 1 to December 31, 2016 – The old banknote series can no longer be used for daily transactions and can only be exchanged in

authorized agent banks and BSP Cash Department

Starting January 1, 2017 - Demonetized, no more

monetary value. Only the new banknote series will

remain as legal tender in the country

4. WHAT ARE CONSIDERED AS AUTHORIZED AGENT BANKS

OF THE BSP?

5. CAN A PERSON EXCHANGE HIS/HER BANKNOTES OF THE

OLD SERIES IN ANY AUTHORIZED BANK EVEN IF HE/SHE IS

NOT A DEPOSITOR?

OLD BANKNOTE SERIES NEW GENERATION CURRENCY BANKNOTE SERIES

OLD BSP LOGO(1993-2010)

NEW BSP LOGO(June 2010-Present)

!"#eatures the old BSP logo

!"$"%&'()*'ations (5-, 10-, 20-, 50-,

100-, 200-, 500- and 1000-piso)

!"+&,-.*/0"/1.&2%"*3"/1*''&.

!"+&.*24"'-)5&."*3",()6(3&%"(7"8"(."9"

6.&:;"4&//&.3"2'%"<"/("="%*>*/3"?1*,1"

are uniform in size!"@1&".&A&.3&"3*%&"(7"/1&"(4%"'(/&3"7&2/-.&3"3*>'*:,2'/"&A&'/3"

*'"B1*4*66*'&"1*3/(.0C"*,('*,"5-*4%*'>3"2'%"1&.*/2>&"3*/&3D

!"#ea/-.&3"/1&"'&?"E+B"4(>(

!"<"%&'()*'ations (20-, 50-, 100-,

200-, 500- and 1000-piso)

!"+&,-.*/0"/1.&2%"*3"?*%&.

!"+&.*24"'-)5&."*3",()6(3&%"(7"8"(."9"

6.&:;"4&//&.3"2'%"<"(."="%*>*/3"?1*,1"

are increasing in size!"@1&".&A&.3&"3*%&"(7"/1&"'&?"'(/&3"7&atures iconic natural

?('%&.3 and species that can be found in the countr0.

F&)('&/*G2/*('"*3"/1&"6.(,&33"(7".&)(A*'>"/1&")('&/2.0"A24-&"(7"

2" 4&>24" /&'%&." ,-..&',0" 50" /1&" *33-*'>" 2-/1(.*/0D" F&)('&/*G&%"

,-..&',0"?*44"'("4('>&."5&"2,,&6/&%"/("620"7(.">((%3"2'%"3&.A*,&3D

H'0" 52'I*'>" *'3/*/-/*('3" J" -'*A&.324" 52'I3C" ,())&.,*24" 52'I3C"

/1.*7/" 52'I3" K32A*'>3" 52'I" 2'%" 6.*A2/&" %&A&4(6)&'/" 52'I3L" 2'%"

.-.24" 52'I3C" ?1*,1" 2.&" -'%&." /1&" 3-6&.A*3*('" (7" /1&" E+BC" 2.&"

considered authorized agent banks.

M&3C"/1&"6-54*,",2'"&;,12'>&N3-..&'%&."/1&*."(4%"52'I'(/&"3&.*&3"

7(."/1&"'&?"52'I'(/&"3&.*&3"2/"72,&"A24-&"*'"2'0"2-/1(.*G&%"2>&'/"

52'I"&A&'"*7"/1&0"2.&"'(/"%&6(3*/(.3"(7"/1&"32*%"52'ID

O-..&',*&3"*'"/1&"?(.4%"2.&"%&)('&/*G&%"5&,2-3&"/1*3"*3"('&"?20"

(7"327&>-2.%*'>"/1&"*'/&>.*/0"(7"/1&",-..&',0"/("6.(/&,/"*/"2>2*'3/"

counterfeiters. As a matter of practice, central banks around the

?(.4%" ,12'>&" /1&" %&3*>'" (7" /1&*." ,-..&',*&3" /12/" 12A&" 5&&'" *'"

,*.,-42/*('"7(."(A&."8P"0&2.3D

In the case of the Philippines, the old banknote series, introduced

*'"8Q$R"(."SP"0&2.3"2>(C"*3"5&*'>".&642,&%"50"/1&"T&?"U&'&.2/*('"

O-..&',0"KTUOL"3&.*&3"?1*,1"?23"42-',1&%"*'"9P8PD"