THE primary financial institution stated it has prolonged the length for the public to change their preceding New Design Series (NDS) banknotes into the New Generation Currency (NGC) series until the quit of June this year.
In a press briefing on Thursday, Bangko Sentral ng Pilipinas (BSP) Deputy Governor Diwa Guinigundo stated the primary financial institution has extended its demonetization application till June 30, 2017 from the already extended cut-off date of March 31, 2017.
The vintage NDS banknotes, which consist of five-, 10-, 20-, 50-, a hundred-, two hundred-, 500- and 1,000-peso denominations, had been first issued on June 12, 1985. As of January 1 this 12 months, they can no longer be used for purchases.
No to Martial Law extension01:05No To Martial Law ExtensionNo Ransom00:51No RansomFirst Trading Day01:08First Trading DayChina's Wuhan suspends public transportation, outward flights, trains01:09China's Wuhan Suspends Public Transportation, Outward Flights, TrainsMaguindanao Massacre promulgation 'usually non violent'00:53Maguindanao Massacre Promulgation 'Generally Peaceful'CPP-NPA 'spine' in Central and Western Visayas has damaged - PNP OIC Gamboa01:14CPP-NPA 'Backbone' In Central And Western Visayas Has Broken - PNP OIC GamboaTrending Articles00:50Trending ArticlesMayor Isko Moreno: 'The Grand Old Dame' eyes return in May03:50Mayor Isko Moreno: 'The Grand Old Dame' Eyes Return In MayGoing Up00:59Going UpCovid-19 may be contained with proper measures -- WHO chief08:10Covid-19 Can Be Contained With Right Measures -- WHO Chief
These antique banknotes can also nevertheless be exchanged without price with the BSP, or its authorized agent banks and monetary institutions, for the NGC collection.
The BSP said the extension was the Monetary Board’s reaction to the “public’s clamor for an extended period of trade of NDS banknotes,” that have been circulating in view that 1985.
Guinigundo said a BSP count as of quit-February this year confirmed that about P19.2 billion worth of the three-a long time-old collection nonetheless ought to be exchanged for NGC banknotes.
A total of P983.Three billion in banknotes are presently in move, 2 percent of which are NDS payments. In quantity terms, 284 million pieces of NDS payments need to be exchanged, equivalent to 8.6 percent of the 3.3 billion pieces in move. METRO Pacific Hospital Holdings Inc. (MPHHI), the hospital arm of infrastructure conglomerate Metro Pacific Investments Corp. (MPIC), is setting its initial public imparting (IPO) plans on maintain with the intention to beef up its portfolio of hospitals and clinics earlier than debuting available on the market.
In a press briefing on Thursday, Bangko Sentral ng Pilipinas (BSP) Deputy Governor Diwa Guinigundo stated the primary financial institution has extended its demonetization application till June 30, 2017 from the already extended cut-off date of March 31, 2017.
The vintage NDS banknotes, which consist of five-, 10-, 20-, 50-, a hundred-, two hundred-, 500- and 1,000-peso denominations, had been first issued on June 12, 1985. As of January 1 this 12 months, they can no longer be used for purchases.
No to Martial Law extension01:05No To Martial Law ExtensionNo Ransom00:51No RansomFirst Trading Day01:08First Trading DayChina's Wuhan suspends public transportation, outward flights, trains01:09China's Wuhan Suspends Public Transportation, Outward Flights, TrainsMaguindanao Massacre promulgation 'usually non violent'00:53Maguindanao Massacre Promulgation 'Generally Peaceful'CPP-NPA 'spine' in Central and Western Visayas has damaged - PNP OIC Gamboa01:14CPP-NPA 'Backbone' In Central And Western Visayas Has Broken - PNP OIC GamboaTrending Articles00:50Trending ArticlesMayor Isko Moreno: 'The Grand Old Dame' eyes return in May03:50Mayor Isko Moreno: 'The Grand Old Dame' Eyes Return In MayGoing Up00:59Going UpCovid-19 may be contained with proper measures -- WHO chief08:10Covid-19 Can Be Contained With Right Measures -- WHO Chief
These antique banknotes can also nevertheless be exchanged without price with the BSP, or its authorized agent banks and monetary institutions, for the NGC collection.
The BSP said the extension was the Monetary Board’s reaction to the “public’s clamor for an extended period of trade of NDS banknotes,” that have been circulating in view that 1985.
Guinigundo said a BSP count as of quit-February this year confirmed that about P19.2 billion worth of the three-a long time-old collection nonetheless ought to be exchanged for NGC banknotes.
A total of P983.Three billion in banknotes are presently in move, 2 percent of which are NDS payments. In quantity terms, 284 million pieces of NDS payments need to be exchanged, equivalent to 8.6 percent of the 3.3 billion pieces in move. METRO Pacific Hospital Holdings Inc. (MPHHI), the hospital arm of infrastructure conglomerate Metro Pacific Investments Corp. (MPIC), is setting its initial public imparting (IPO) plans on maintain with the intention to beef up its portfolio of hospitals and clinics earlier than debuting available on the market.
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