The Embassy of the Philippines in Phnom Penh informs all Filipino nationals living and working in Cambodia that the Bangko Sentral ng Pilipinas (BSP) is reminding the public of the demonetization of the old banknotes called the New Design Series or NDS.
The NDS banknotes may be used to pay and buy goods and services only up to 31 December 2015 in the Philippines. Thereafter, these may be exchanged with the New Generation Currency (NGC) in authorized financial institutions until 31 December 2016.
Filipinos abroad, who have in their possession old banknotes which could not be exchanged within the prescribed period, may register online starting 1 October 2016 until 31 December 2016 through the BSP website. These NDS banknotes may be exchanged with the BSP within one year from date of registration.
Starting 1 January 2017, NDS banknotes that have not been exchanged shall no longer have any monetary value and are considered demonetized.
Attached is a press release dated 12-29-2014 from the BSP website www.bsp.gov.ph
