BANGKO SENTRAL NG PILIPINAS A. Mabini cor. P. Ocampo Sts., … forms/DEMONETIZATION-English.pdf ·...
Transcript of BANGKO SENTRAL NG PILIPINAS A. Mabini cor. P. Ocampo Sts., … forms/DEMONETIZATION-English.pdf ·...
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; [email protected]
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; [email protected]
– 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: [email protected]
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"