Replacement/Exchange of the NDS Banknotes from the General Public and NDS Banknotes in the Custody of (i) Authorized Agent Banks,(ii) Office of Provincial/City/Municipal Treasurers,(iii) Clerks of Court/All Law Enforcement Agencies and (iv) OFs as of 31 D

BANeKo SerurneL NG PILIPINAs OFFICE OF THE GOVERNOR CTRCULAR NO. gro Series of 2OL6 subject: Replacement/Exchange of the New Design series (NDsl Banknotes from the General Public and NDS Banknotes in the custody of (i) Authorized Agent Banks, (ii) office of Provinciallcityl Municipal Treasuiers, (iii) clerki of court/All Law Enforcement Agencies and (iv) overseas Filipinos as of 3l December 2016 Further to BSP circular No. 863 series of 2oL4, Authorized Agent Banks (AABs) are required to accept from the general public the New Design series (NDs) banknotes for exchange with the New Generation currency (NGC) banknotes until 31 December 2oL6.There are other institutions/entities and individuals who may also have NDS banknotes in their custody as of 31 December 2016 in consideration of legaltonstraints and geographical location, namely (i) the office of Provincial/city/Municipal Treasurers (ors), (ii) office of clerks of court (ccs)/all law enforcement agencies (ALEAs) and (iii) overseas Fitipinos (oFs). To facilitate the replacement/exchange of the NDS banknotes from the general public by banks and NDS banknotes in the custody of AABs, OTs, CCs/ALEAs and OFs as of 31 December 2015 with NGC banknotes, the following guidelines and procedures shall be observed accordingly: 1' All banks (head offices and their branches) are required to accept/exchange/replace NDS banknotes until 31 December 2o16. Banks' officers/employees who refuse to accept NDS banknotes from the general public, clients prescribed NDS banknote exchange period or non-clients, during the shall be subject to administrative sanctions, pursuant to section 37 of Republic Act No. 7653, otherwise known as ,,The New central Bank Act". 2' AABs and ors may submit the NDs banknotes in their replacement/exchange with NGC banknotes at custody for the BSp-cash Department and any of the BSP regional offices/branches starting 2 January 2017 but not later than the close of business hours on 31 March 2017, with two day prior notice to allow the BSp to prepare the required volume and denominations of NGC banknotes. The submission of AABs shall be accompanied by a duly accomplished BSP form for exchange/deposit of banks. ln the case of submission of ors, it should be accompanied by a duly filled-up Inventory/Exchange Form for the New Design series Banknotes (Annex 1). The NDS banknote holdings submitted by AABs and ors to BSp after 31 March 201.7 shall not be valid for exchange/replacement' The address, contact information and territorial coverage of the BSP-cash Department and the BSp regional offices and branches are listed in Annex 2.

3. In the case of NDS banknotes which are subject of pending court cases, CCs/ALEAs shall submit for exchange the said NDS banknote holdings to the BSP within six (6) months after the corresponding legal case(s) have been terminated. To ensure replacement of these notes, CCs and ALEAs shall submit to the BSP-Cash Department a duly filled-up and certified lnventory/Exchange Form for the New Design Series Banknotes not later than the close of business hours on 31 January 2OL7, copy furnished the BSP Office where the NDS banknotes are to be exchanged, through any of the following mode of submission: electronic mail, facsimile message, courier or hand carried. The address, contact information and territorial coverage of the BSP-Cash Department and the BSP regional offices and branches are listed in Annex 2. The replacement of NDS banknotes subject of court cases shall be strictly in accordance with the certified inventory submitted on or before 31 JanuarV 2OL7. 4. Overseas Filipinos (OFs) working/living abroad who have in their possession NDS banknotes which could not be exchanged within the prescribed period from l January 2016 to 31 December 2016 shall register their NDS banknote holdings through the BSP Website starting 1 October 2015 to 31 December 2016. The registered NDS banknotes shall be submitted for exchange with NGC banknotes within one (1) year from date of registration at any of the BSP Offices indicated in Annex 2. The said NDS banknotes submitted to the BSP beyond the period of one year from date of registration shall not be valid for exchange/replacement. The NDS banknote exchange facility provided by the BSP to OFs shall be limited to Php10, 000.00 for each OF. 5. In the case of OFs who are located in countries experiencing geopolitical crisis during the registration period (i.e., 1 October 2016 to 31 December 2015), they can avail of the BSp exchange facility for OFs from L January 2017 until 31 December 2OL7, subject to the phplo,OOO.OO limit for each OF as cited in item no. 4 of this Circular. The NDS banknote holdings of said OFs submitted to the BSP after 31 December 2Ot7 shall not be va lid for exchange/replacement. All NDS banknote holdings submitted for exchange/replacement shall be subject to the usual piece by piece verification by the BSP. FOR THE MONETARY BOARD:

EIAN(IKc' SENTF.AL NG) PILIFTNA€} Cash Department Annex 1 Inventory/Exchange Form For the "New Design serles (IrlDS)" Banknotes Received the following NDS Banknotes from {please indicate the eroup source Lv checkine the box provided below ) by {please indicate the recioient BSp Officel: l{DS Banknotes for Exchange Cash Breakdown D€NOMI" f{o. of No. of loose No. of loose TOTAT {ATION Bundles TOTAI,AMOUNT Wrappers Banknotes PIECES 100$'p'rso 50&piso 200-piso 10&piso 50-piso 20-piso 10-plso 5-plso TOTAL Amount in words: Submitted by: Address / Location: Contact No. : Group Source: fl Municipal, Clty and Provincial Treasurer's Office E Clerk of Court {CC} and Alt Law Enforcement Agencies {ALEAi ( People of the Philippines/plalntiff ) versus ( Name of Accused/Defendant ) Certification: ( To be filled-up bythe clerk of court/Authorized Representative upon surender/ exchange of NDS banknotes to BsP In the case of NDS banknotes that are subject to court cases. ) Certification This is to certify that the abovernentioned number and amount of NDS banknotes being surrendered to gSP for exchange by (please specify the name of CC or ALEA| formed part of coufi evidence under criminaUcivil case no. entitled PP /Plaintiff vs. Accused/Defendant which has become final and ex€cutory on Clerk of CourtlAuthorized Representative Date: Note: One wrapper consists of 100 pieces banknotes. One bundle consists of 10 wrappers.

Annex 2 BA$GTO SEilTRAT NG PIUPINAS OFFICCS ACCEFnI|G NDS 8AT{XT{O]ES FOR REPICEMENT/EXCHAIIGT 8SP RosrBranclres Addr€st gomacllffortnafon Rerlonal Coverare Provlnced0ties Servlsed bv no/Branch recunty Ptant Lomplex East Avenue, oi[man, rel. No.: {OZl 988-4835; (OZ) 988-4852 CASH DEPARTMENT lueron CiW :ax No.: (02) 926.2318t (02! 926.4855 rA. CATAEARZON levite, Laguna, Setancas, Ri2al, and Quezon rel. No: {072) 888-2083 IAR - Cordlllera lbra, Apayaq Eenguet, lfugao, Kallnga and Mountaln provlnce I.A UI{ION REGIOIIAL OFFICE Lueton Avenue, Clty of San Fernando, la Union :ax No:1072) 888-3793 -a Union, oarts of llmos Sur- (aR i.16l.i€l..iiu6 A.dt^^ 3reenfields Subd., Mac Arthur Hithway, rel Nos: {(X5) 455-3835 to 36 5an Fernando {Pamoannal ilndalan, San Fernando Qtv, Pamoansa :ax l,lo1 l(Ns) 455-3835 3 - Central Luron tampan8a, Tarlac, Zambales, Bataan tlational Highway, Qulllng Norte, &tac Clty, fel Nor: {077) 792-2L03 I 792-2l0t Batac locos None :ax No: {0771 792-2105 I - llocos Recion Iocos Norte; parts of llocos Sur, CAfl legional Goyernment Center, TuguegaGo City, rel No: (076) 8/$4-4755 Tugue8arao :agavan :ax No: {0781 84.64933 - Caqavan Vallev latanet Cagayan, lsabela, Nueva Vizcaya. and Oulrlno fer Nor {o75} 614-3027 DaguDan fondallran. Bonoan Guesset. DaruDen Citv :ax No: {075} 614-3026 - llocoq tangasinad; parts of Northern Tarlac lor. Det Pllar and Paco Roman Sts., Cabanatuan I'el Nos: {044) 463-17?4 | 463-L736 Cabanatuan :ttv :ax No: {044} 463-2180 - Central Luzon Nue\ra Eclja, Aurora, parts of Bulacan Lucena bezon Avenue. Lucena Clw iel No: {042) 373.7323 IB. MIMAROPA \4lndoro, Marinduque, Romblon, and Palawan Roxas Avenue, DlveFlon Road, Saraog3y Naaa frlanrulo. NaEa Otv fel No: {0541 473-9073 5- 8lcol Rarlon :amarines Sur, Camarlnes Norte I'el No: {052) 480-5519 LeflazDi Saranrav 18 Rlzal. St. Cabaefian. Leeasol Citv :ax No: {052148G5585 i- Bicol Rerlon dlbay, Catanduanes, Masbate, SorsoSon fef. No: (uJz, z54"1jJtJ CTBU REGIONAL OFFICE lor. Osmena Blvd & P. del Rosario Sts.. Cebu Clt ;ax No: (032) 25tl-07o2 - Central Vlsavrs lebu, Bohol fel No : (O!t4) 434-n55 Bacolod .acon cor. Luzurlara Sts., Eacolod Ciw :ax No: {034} 435-2815 - WesGrn Visavas \|ef,ros Occid€ntal rel No: (033) 335-1180 lloilo lSP 8ldc., Sollr 5t, llollo Ciw rar No: (0331 338-0573 - Westem Vlsavrs loilo, Guimaras, Anthue \rnaldo Boulevard, Brgy, Baybay, Roxas Clty l-el No: {035) 521.7E23 Roxas i500 Ielefax No.; (036) 621-7812 - Weit€m Vlsavas laoiz. A&lan rer No: (035) 422-9326 Dumaguete ,lorth Road, Daro, Dumaguete Clty i'ax Nosr {035} 422-9326 - Western VlsaFs $egros Oriental, Siqulior Tacloban \lrport Road, San Jose, Tacloban CiW No: (0531 32$9121 - €astem Visayas hmar, Leyte fel. No: (082) 300-3709 )avao del Norte/del Sur/OrientaUoccldental, Compostela DAVAO REGIOI{AI, OFFICE luirlno Avenue, Da\rao Cftv :ax No: (0821 2264130 - l)rEd ndl6. /alley {gusan del Norte/del Sur, Surigao del Norte/del Sur, Dlnagat gutuan '.C- Ave.. Brev- Libertad- Butuan Cltv rel. No.: 10851815-1502 13 - Carara Realon slands tlational Highway & Veler Sts., Cagayan de Oro rel No: loAE,857-417 lu - Nonnetn Vlsamls Orlental, Bulddnon, camlguin, lllgan City, Lanao del caEavan de oro :irv :ar No, (088) 857.4146 \rlndanao/ARMM ;urlNort€ r€l Nos: (064) 421- 7370 lt- Cotabato luezon Ave. cor Sinsuat Ave., Cotahto CiW :ax No: (0641 421-3117 iNC.RKSARGFNIAnMM :otabato Clty,Megulndanao General Santos P.endatum & Daproze Sts., 'el Nosr (0831 552-1905 -GeneralSantos CIW 12. SOCCSKSARGEN ;outh Cot-bato. Suhan Kudarat Saren{anl Oztmiz :ircumferential Road, Ozamir CiW fel No3:10881 521-2678 Misamls Occldental, Dipolog, Pagadlan v5, valdenosa 5t., Petttt Barftrcl6. zamboanga Ier N9: lvgz, ttl-4lJl r - 4amEoanga Gmooanga oct None/oet )urlilougay'uaslan, sutu and Tawl- Zamboanga :ity :ax Nos: (062) 991-2692 / 992-305 tenln3ula/ARMM fawl