Establishing a New Deadline for the Replacement or Exchange of New Design Series (NDS) Banknotes directly with the Bangko Sentral ng Pilipinas (BSP) at par with New Generation Currency (NGC) banknotes and without charge, until 29 December 2017

Banoxo SexrnaL NG) PrurprNas OFFICE OF THE GOVERNOR ctRcutAR No. 927 Series of 2OL7 Subject : Establishing a New Deadline for the Replacement or Exchange of New Design Series (NDS) Banknotes directly with the Bongko Sentrol ng Pilipinos (BSPI at par with New Generation Currency (NGCI banknotes and without charge, until 29 December 2017 The Monetary Board, in its Resolution No. 1807 dated 25 October 2OL7, established a new deadline of 29 December 2017 (last working day of the year) for the replacement or exchange of NDS banknotes from the general public, at the BSP Cash Department, Regional Offices and Branches. The BSP shall allow the exchange of demonetized NDS banknotes in cash to a maximum amount of Php100,000.00 per transaction. NDS exchange for larger amounts may be allowed but payable only by check or direct credit to a bank account. After 29 December 20L7, the pertinent provisions of BSP Circular No.910 dated 22 April 2015 concerning NDS banknotes subject of pending cases and in the custody of Offices of Clerks of Court and law enforcement agencies shall remain in effect. This Circular shall be effective immediately. FOR THE MONETARY BOARD: Z ? october 2ot7 A. Mabini St,, Malate 1004 Manila, Philippins5 o (632) 7O&7701 . wyvw.bsp,gov.ph . [email protected]