The Bangko Sentral ng Pilipinas (BSP) has advised the public regarding the demonetization of old banknotes belonging to the New Design Series (NDS), as part of BSP's objective to preserve the integrity of the Philippine currency. The NDS banknotes are being replaced by New Generation Currency (NGC) banknotes with new and enhanced security features to protect the public against counterfeiters.

Filipinos overseas may exchange their NDS banknotes by registering with the BSP (online) starting 1 October 2016 until 31 October December 2016.

Click here for more information and guidance on the BSP Demonetization Schedule.