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BSP sets March 31 deadline for old notes

The BSP reminds overseas Filipinos , Filipino immigrants and non-residents that they have until today March 31, 2017 only to register up to P50,000 of their old note series in the Online Registration for NDS Banknote System (https://orbs.bsp.gov.ph). NDS banknotes registered from  January 1, 2017 to March 31, 2017 shall be accepted for exchange with NGC banknotes until December 31, 2017 at any BSP office.

For OFs, original passport and printed confirmation notice need to be presented to facilitate the NDS exchange, at face value, free of charge. Additional documentary requirements are needed for Filipino immigrants and non-residents for the exchange of their NDS banknote holdings. Aside from the original passport and printed confirmation notice, Filipino immigrants must present their birth certificate to support Filipino lineage, while non-residents must show proof of previous employment in the Philippines.

NDS banknotes which have not been exchanged shall cease to be liability of the BSP and shall be demonetized.