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Deadline to exchange old peso bills moved to June

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#1 Mr. Lee

Mr. Lee
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Posted 23 March 2017 - 10:38 AM

Good news for those of you who might still have old peso bills.


The deadline to exchange old bank notes has been extended to June 30, from the end of March, before they are demonetized and lose their value as legal tender, the Bangko Sentral ng Pilipinas said Thursday.


The central bank also extended the demonetization deadline for the old banknote series to July 1 from April 17.

In terms of individual bills, the old notes comprise 8.6 percent of all money in circulation. In terms of value, it accounts for just 2 percent.

The March 31 deadline for overseas Filipinos to register their old bank notes for exchange was unchanged, the bank said.



Retired, happily married since 94 & live part time in Cebu City and the rest of the time in Florida, USA.

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